At the time of writing, Realty Income Corporation [O] stock is trading at $62.54, up down -0.87%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The O shares have lost -4.39% over the last week, with a monthly amount drifted -12.88%, and not seem to be holding up well over a long-time horizon.
On 13, September 2022, 117th Common Stock Monthly Dividend Increase Declared by Realty Income. In a post published today on Yahoo Finance, Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.248 per share from $0.2475 per share. The dividend is payable on October 14, 2022, to stockholders of record as of October 3, 2022. This is the 117th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for October’s dividend is September 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.976 per share as compared to the prior annualized dividend amount of $2.97 per share.
From an analyst’s perspective:
Realty Income Corporation [NYSE: O] stock has seen the most recent analyst activity on June 23, 2022, when Credit Suisse initiated its Outperform rating and assigned the stock a price target of $75. Previously, Wolfe Research downgraded its rating to Peer Perform on May 23, 2022, and kept the price target unchanged to $73. On March 15, 2022, upgrade upgraded it’s rating to Outperform. Scotiabank downgraded its rating to a Sector Perform. RBC Capital Mkts initiated its recommendation with a Outperform and recommended $79 as its price target on September 17, 2021. Wolfe Research started tracking with a Peer Perform rating for this stock on June 15, 2021, and assigned it a price target of $79. In a note dated June 03, 2021, Mizuho upgraded an Buy rating on this stock but restated the target price of $77.
For the past year, the stock price of Realty Income Corporation fluctuated between $62.28 and $75.40. Currently, Wall Street analysts expect the stock to reach $76.35 within the next 12 months. Realty Income Corporation [NYSE: O] shares were valued at $62.54 at the most recent close of the market. An investor can expect a potential return of 22.08% based on the average price forecast.
Analyzing the O fundamentals
According to Realty Income Corporation [NYSE:O], the company’s sales were 808.27 billion in the recent quarter, which represents an 74.50% jump. Gross Margin for this corporation currently stands at +50.53% with Operating Margin at +46.23%, Pretax Margin comes in at +18.82%, and Net Margin reading is +17.24%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.09 points at the first support level, and at 61.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.41, and for the 2nd resistance point, it is at 64.29.
Realty Income Corporation [O] reported earnings per share of $0.34 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.42/share, meaning a difference of $-0.08 and a surprise factor of -19.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.01 per share as compared to estimates of $0.37 per share, a difference of $-0.36 representing a surprise of -97.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 14.24, the price to book ratio is 1.69 and the P/E (TTM) ratio is 59.11.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 0 insider sellings of 0 shares. Recent insider trading involved Chapman A. Larry, Director, that happened on Sep 01 when 7000.0 shares were sold.