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Realty Income Corp. (O) Gains As Market Dips: What You Should Know
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In the latest trading session, Realty Income Corp. (O - Free Report) closed at $71.63, marking a +0.31% move from the previous day. This change outpaced the S&P 500's 0.14% loss on the day. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Heading into today, shares of the real estate investment trust had gained 6.68% over the past month, outpacing the Finance sector's gain of 3.74% and the S&P 500's loss of 0.13% 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.
Investors might also notice recent changes to analyst estimates for Realty Income Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.84% 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 18.14. This valuation marks a premium compared to its industry's average Forward P/E of 16.54.
Also, we should mention that O has a PEG ratio of 4.3. 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. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 2.31 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 38, putting it in the top 15% of all 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.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.
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Realty Income Corp. (O) Gains As Market Dips: What You Should Know
In the latest trading session, Realty Income Corp. (O - Free Report) closed at $71.63, marking a +0.31% move from the previous day. This change outpaced the S&P 500's 0.14% loss on the day. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Heading into today, shares of the real estate investment trust had gained 6.68% over the past month, outpacing the Finance sector's gain of 3.74% and the S&P 500's loss of 0.13% 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.
Investors might also notice recent changes to analyst estimates for Realty Income Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.84% 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 18.14. This valuation marks a premium compared to its industry's average Forward P/E of 16.54.
Also, we should mention that O has a PEG ratio of 4.3. 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. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 2.31 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 38, putting it in the top 15% of all 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.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.