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Realty Income Corp. (O) Outpaces Stock Market Gains: What You Should Know
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Realty Income Corp. (O - Free Report) closed at $70.46 in the latest trading session, marking a +0.16% move from the prior day. This move outpaced the S&P 500's daily gain of 0.02%.
Prior to today's trading, shares of the real estate investment trust had gained 4.16% over the past month. This has outpaced the Finance sector's gain of 2.14% and the S&P 500's gain of 0.04% in that time.
Investors will be hoping for strength from O as it approaches its next earnings release. On that day, O is projected to report earnings of $0.86 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $446.46 million, up 7.67% from the year-ago period.
O's full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $1.86 billion. These results would represent year-over-year changes of +2.06% and +12.42%, respectively.
Investors should also note any recent changes to analyst estimates for O. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% lower. O is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that O has a Forward P/E ratio of 20.34 right now. Its industry sports an average Forward P/E of 17.91, so we one might conclude that O is trading at a premium comparatively.
Also, we should mention that O has a PEG ratio of 5.06. 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. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 3.57 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Outpaces Stock Market Gains: What You Should Know
Realty Income Corp. (O - Free Report) closed at $70.46 in the latest trading session, marking a +0.16% move from the prior day. This move outpaced the S&P 500's daily gain of 0.02%.
Prior to today's trading, shares of the real estate investment trust had gained 4.16% over the past month. This has outpaced the Finance sector's gain of 2.14% and the S&P 500's gain of 0.04% in that time.
Investors will be hoping for strength from O as it approaches its next earnings release. On that day, O is projected to report earnings of $0.86 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $446.46 million, up 7.67% from the year-ago period.
O's full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $1.86 billion. These results would represent year-over-year changes of +2.06% and +12.42%, respectively.
Investors should also note any recent changes to analyst estimates for O. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% lower. O is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that O has a Forward P/E ratio of 20.34 right now. Its industry sports an average Forward P/E of 17.91, so we one might conclude that O is trading at a premium comparatively.
Also, we should mention that O has a PEG ratio of 5.06. 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. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 3.57 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.