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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 $68.72 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 0.33%.
Heading into today, shares of the real estate investment trust had gained 0.82% over the past month, lagging the Finance sector's gain of 1.76% and the S&P 500's gain of 3.76% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. On that day, Realty Income Corp. is projected to report earnings of $0.97 per share, which would represent year-over-year growth of 12.79%. Meanwhile, our latest consensus estimate is calling for revenue of $686.02 million, up 54.93% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.95 per share and revenue of $3.13 billion, which would represent changes of +10.03% and +49.96%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Realty Income Corp. is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Realty Income Corp. is holding a Forward P/E ratio of 17.22. For comparison, its industry has an average Forward P/E of 15.58, which means Realty Income Corp. is trading at a premium to the group.
Also, we should mention that O has a PEG ratio of 3.61. 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. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.22 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 95, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many 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 $68.72 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 0.33%.
Heading into today, shares of the real estate investment trust had gained 0.82% over the past month, lagging the Finance sector's gain of 1.76% and the S&P 500's gain of 3.76% in that time.
Investors will be hoping for strength from Realty Income Corp. as it approaches its next earnings release. On that day, Realty Income Corp. is projected to report earnings of $0.97 per share, which would represent year-over-year growth of 12.79%. Meanwhile, our latest consensus estimate is calling for revenue of $686.02 million, up 54.93% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.95 per share and revenue of $3.13 billion, which would represent changes of +10.03% and +49.96%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Realty Income Corp.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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Realty Income Corp. is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Realty Income Corp. is holding a Forward P/E ratio of 17.22. For comparison, its industry has an average Forward P/E of 15.58, which means Realty Income Corp. is trading at a premium to the group.
Also, we should mention that O has a PEG ratio of 3.61. 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. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.22 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 95, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.