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Realty Income Corp. (O) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Realty Income Corp. (O - Free Report) closed at $66.55, marking a +0.83% move from the previous day. This move outpaced the S&P 500's daily gain of 0.34%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 8.98%.
Heading into today, shares of the real estate investment trust had gained 2.07% over the past month, lagging the Finance sector's gain of 3.84% and outpacing the S&P 500's gain of 1% 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 $0.99, up 5.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $853.29 million, up 24.56% from the year-ago period.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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. The Zacks Consensus EPS estimate has moved 0.54% higher within the past month. Realty Income Corp. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 16.24. Its industry sports an average Forward P/E of 13.14, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Meanwhile, O's PEG ratio is currently 5.11. 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. O's industry had an average PEG ratio of 2.3 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 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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
In the latest trading session, Realty Income Corp. (O - Free Report) closed at $66.55, marking a +0.83% move from the previous day. This move outpaced the S&P 500's daily gain of 0.34%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 8.98%.
Heading into today, shares of the real estate investment trust had gained 2.07% over the past month, lagging the Finance sector's gain of 3.84% and outpacing the S&P 500's gain of 1% 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 $0.99, up 5.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $853.29 million, up 24.56% from the year-ago period.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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. The Zacks Consensus EPS estimate has moved 0.54% higher within the past month. Realty Income Corp. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 16.24. Its industry sports an average Forward P/E of 13.14, so we one might conclude that Realty Income Corp. is trading at a premium comparatively.
Meanwhile, O's PEG ratio is currently 5.11. 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. O's industry had an average PEG ratio of 2.3 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 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.