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Realty Income Corp. (O) Stock Moves -0.89%: What You Should Know
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In the latest trading session, Realty Income Corp. (O - Free Report) closed at $71.52, marking a -0.89% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.69%. Elsewhere, the Dow lost 1.19%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the real estate investment trust had gained 10.42% over the past month. This has outpaced the Finance sector's gain of 5.85% and the S&P 500's gain of 7.88% in that time.
Realty Income Corp. will be looking to display strength as it nears its next earnings release, which is expected to be May 4, 2022. The company is expected to report EPS of $0.97, up 12.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $761.18 million, up 71.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.95 per share and revenue of $3.14 billion. These totals would mark changes of +10.03% and +50.65%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Realty Income Corp. is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Realty Income Corp. has a Forward P/E ratio of 18.29 right now. Its industry sports an average Forward P/E of 15.89, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Also, we should mention that O has a PEG ratio of 3.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. O's industry had an average PEG ratio of 2.21 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Realty Income Corp. (O) Stock Moves -0.89%: What You Should Know
In the latest trading session, Realty Income Corp. (O - Free Report) closed at $71.52, marking a -0.89% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.69%. Elsewhere, the Dow lost 1.19%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the real estate investment trust had gained 10.42% over the past month. This has outpaced the Finance sector's gain of 5.85% and the S&P 500's gain of 7.88% in that time.
Realty Income Corp. will be looking to display strength as it nears its next earnings release, which is expected to be May 4, 2022. The company is expected to report EPS of $0.97, up 12.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $761.18 million, up 71.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.95 per share and revenue of $3.14 billion. These totals would mark changes of +10.03% and +50.65%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Realty Income Corp. is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Realty Income Corp. has a Forward P/E ratio of 18.29 right now. Its industry sports an average Forward P/E of 15.89, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Also, we should mention that O has a PEG ratio of 3.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. O's industry had an average PEG ratio of 2.21 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.