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Realty Income Corp. (O) Dips More Than Broader Markets: What You Should Know
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Realty Income Corp. (O - Free Report) closed at $68.26 in the latest trading session, marking a -1.59% move from the prior day. This move lagged the S&P 500's daily loss of 0.88%. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the real estate investment trust had gained 1.88% over the past month. This has outpaced the Finance sector's loss of 9.44% and the S&P 500's loss of 8.06% 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 $0.98 per share, which would represent year-over-year growth of 11.36%. Meanwhile, our latest consensus estimate is calling for revenue of $809.49 million, up 74.35% from the prior-year quarter.
O's full-year Zacks Consensus Estimates are calling for earnings of $3.92 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +9.19% and +56.98%, respectively.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Realty Income Corp. currently has a Zacks Rank of #3 (Hold).
Investors should also note Realty Income Corp.'s current valuation metrics, including its Forward P/E ratio of 17.68. Its industry sports an average Forward P/E of 13.06, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
We can also see that O currently has a PEG ratio of 5. 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. O's industry had an average PEG ratio of 1.95 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% 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) Dips More Than Broader Markets: What You Should Know
Realty Income Corp. (O - Free Report) closed at $68.26 in the latest trading session, marking a -1.59% move from the prior day. This move lagged the S&P 500's daily loss of 0.88%. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the real estate investment trust had gained 1.88% over the past month. This has outpaced the Finance sector's loss of 9.44% and the S&P 500's loss of 8.06% 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 $0.98 per share, which would represent year-over-year growth of 11.36%. Meanwhile, our latest consensus estimate is calling for revenue of $809.49 million, up 74.35% from the prior-year quarter.
O's full-year Zacks Consensus Estimates are calling for earnings of $3.92 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +9.19% and +56.98%, respectively.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Realty Income Corp. currently has a Zacks Rank of #3 (Hold).
Investors should also note Realty Income Corp.'s current valuation metrics, including its Forward P/E ratio of 17.68. Its industry sports an average Forward P/E of 13.06, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
We can also see that O currently has a PEG ratio of 5. 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. O's industry had an average PEG ratio of 1.95 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% 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.