Wall Street predicts Realty Income Corp. (O) stock to surge by 26.78%

Realty Income Corp. [O] stock prices are down -0.26% to $57.58 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The O shares have gain 3.28% over the last week, with a monthly amount glided 8.44%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, BMO Capital Markets started tracking the stock with Market Perform rating on February 13, 2024, and set its price target to $57. On December 13, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $63 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $58 on December 11, 2023. Wolfe Research upgraded its rating to a Outperform but $66 remained the price target by the analyst firm on December 06, 2023. Scotiabank downgraded its rating to Sector Perform for this stock on October 16, 2023, and downed its price target to $54. In a note dated October 10, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $67 to $52.

The stock price of Realty Income Corp. [O] has been fluctuating between $45.03 and $64.18 over the past year. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. Realty Income Corp. [NYSE: O] shares were valued at $57.58 at the most recent close of the market. An investor can expect a potential return of 26.78% based on the average O price forecast.

Analyzing the O fundamentals

The Realty Income Corp. [NYSE:O] reported sales of 4.42B for trailing twelve months, representing a surge of 34.42%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.

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 57.25 points at the first support level, and at 56.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.84, and for the 2nd resistance point, it is at 58.11.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 11.34, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 53.59.

Transactions by insiders

Recent insider trading involved Chapman A. Larry, Director, that happened on Apr 09 ’24 when 5000.0 shares were sold. Director, Chapman A. Larry completed a deal on Dec 18 ’23 to sell 3500.0 shares.

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