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Realty Income Corp. (O) Stock Sinks As Market Gains: What You Should Know
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Realty Income Corp. (O - Free Report) closed at $61.18 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the real estate investment trust had gained 1.49% over the past month. This has lagged the Finance sector's gain of 6.07% and the S&P 500's gain of 6.1% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. In that report, analysts expect Realty Income Corp. to post earnings of $1.01 per share. This would mark year-over-year growth of 4.12%. Our most recent consensus estimate is calling for quarterly revenue of $964.29 million, up 18.99% from the year-ago period.
O's full-year Zacks Consensus Estimates are calling for earnings of $4.05 per share and revenue of $3.91 billion. These results would represent year-over-year changes of +3.32% and +16.89%, respectively.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. Realty Income Corp. is currently a Zacks Rank #3 (Hold).
Investors should also note Realty Income Corp.'s current valuation metrics, including its Forward P/E ratio of 15.1. Its industry sports an average Forward P/E of 12.34, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Meanwhile, O's PEG ratio is currently 3.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.67 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 45% 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.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.
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Realty Income Corp. (O) Stock Sinks As Market Gains: What You Should Know
Realty Income Corp. (O - Free Report) closed at $61.18 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the real estate investment trust had gained 1.49% over the past month. This has lagged the Finance sector's gain of 6.07% and the S&P 500's gain of 6.1% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. In that report, analysts expect Realty Income Corp. to post earnings of $1.01 per share. This would mark year-over-year growth of 4.12%. Our most recent consensus estimate is calling for quarterly revenue of $964.29 million, up 18.99% from the year-ago period.
O's full-year Zacks Consensus Estimates are calling for earnings of $4.05 per share and revenue of $3.91 billion. These results would represent year-over-year changes of +3.32% and +16.89%, respectively.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. Realty Income Corp. is currently a Zacks Rank #3 (Hold).
Investors should also note Realty Income Corp.'s current valuation metrics, including its Forward P/E ratio of 15.1. Its industry sports an average Forward P/E of 12.34, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Meanwhile, O's PEG ratio is currently 3.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.67 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 45% 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.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.