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Realty Income Corp. (O) Increases Despite Market Slip: Here's What You Need to Know

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Realty Income Corp. (O - Free Report) ended the recent trading session at $51.28, demonstrating a +0.94% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.58% loss on the day. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.

Heading into today, shares of the real estate investment trust had lost 2.5% over the past month, outpacing the Finance sector's loss of 6.34% and lagging the S&P 500's loss of 1.09% in that time.

Market participants will be closely following the financial results of Realty Income Corp. in its upcoming release. The company plans to announce its earnings on May 6, 2024. The company's earnings per share (EPS) are projected to be $1.03, reflecting a 5.1% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.19 billion, up 26.15% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.16 per share and a revenue of $4.88 billion, representing changes of +4% and +19.52%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Realty Income Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.19% decrease. Currently, Realty Income Corp. is carrying a Zacks Rank of #3 (Hold).

In the context of valuation, Realty Income Corp. is at present trading with a Forward P/E ratio of 12.2. For comparison, its industry has an average Forward P/E of 12.39, which means Realty Income Corp. is trading at a discount to the group.

Investors should also note that O has a PEG ratio of 5.27 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Retail industry currently had an average PEG ratio of 3.11 as of yesterday's close.

The REIT and Equity Trust - Retail industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 31% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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