We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Realty Income Corp. (O) Surpasses Market Returns: Some Facts Worth Knowing
Read MoreHide Full Article
Realty Income Corp. (O - Free Report) closed at $61.88 in the latest trading session, marking a +1.14% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Shares of the real estate investment trust witnessed a loss of 8.08% over the previous month, trailing the performance of the Finance sector with its loss of 5.41%, and the S&P 500's loss of 4.99%.
The upcoming earnings release of Realty Income Corp. will be of great interest to investors. The company is expected to report EPS of $1.11, up 4.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.5 billion, up 8.48% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.46 per share and revenue of $6.18 billion, which would represent changes of +4.21% and +7.54%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Realty Income Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.46% rise in the Zacks Consensus EPS estimate. At present, Realty Income Corp. boasts 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 13.71. This expresses no noticeable deviation compared to the average Forward P/E of 13.71 of its industry.
It is also worth noting that O currently has a PEG ratio of 4.63. 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. The average PEG ratio for the REIT and Equity Trust - Retail industry stood at 2.59 at the close of the market yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Realty Income Corp. (O) Surpasses Market Returns: Some Facts Worth Knowing
Realty Income Corp. (O - Free Report) closed at $61.88 in the latest trading session, marking a +1.14% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Shares of the real estate investment trust witnessed a loss of 8.08% over the previous month, trailing the performance of the Finance sector with its loss of 5.41%, and the S&P 500's loss of 4.99%.
The upcoming earnings release of Realty Income Corp. will be of great interest to investors. The company is expected to report EPS of $1.11, up 4.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.5 billion, up 8.48% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.46 per share and revenue of $6.18 billion, which would represent changes of +4.21% and +7.54%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Realty Income Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.46% rise in the Zacks Consensus EPS estimate. At present, Realty Income Corp. boasts 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 13.71. This expresses no noticeable deviation compared to the average Forward P/E of 13.71 of its industry.
It is also worth noting that O currently has a PEG ratio of 4.63. 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. The average PEG ratio for the REIT and Equity Trust - Retail industry stood at 2.59 at the close of the market yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.