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Realty Income Corp. (O) Gains As Market Dips: What You Should Know
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Realty Income Corp. (O - Free Report) closed the most recent trading day at $72.25, moving +1.47% from the previous trading session. This change outpaced the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Heading into today, shares of the real estate investment trust had gained 4.58% over the past month, lagging the Finance sector's gain of 5.24% and the S&P 500's gain of 5.76% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. The company is expected to report EPS of $0.94, up 11.9% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $545.83 million, up 30.56% from the year-ago period.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.88% higher. Realty Income Corp. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 18.09. For comparison, its industry has an average Forward P/E of 16.43, which means Realty Income Corp. is trading at a premium to the group.
Investors should also note that O has a PEG ratio of 4.29 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.29 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Realty Income Corp. (O) Gains As Market Dips: What You Should Know
Realty Income Corp. (O - Free Report) closed the most recent trading day at $72.25, moving +1.47% from the previous trading session. This change outpaced the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Heading into today, shares of the real estate investment trust had gained 4.58% over the past month, lagging the Finance sector's gain of 5.24% and the S&P 500's gain of 5.76% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. The company is expected to report EPS of $0.94, up 11.9% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $545.83 million, up 30.56% from the year-ago period.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.88% higher. Realty Income Corp. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 18.09. For comparison, its industry has an average Forward P/E of 16.43, which means Realty Income Corp. is trading at a premium to the group.
Investors should also note that O has a PEG ratio of 4.29 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.29 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.