Realty Income Corporation (O) Share Price Could Be Rising After -0.92% fall In 2017

Realty Income Corporation (O) shares saw a recent bid of $56.95 and 1.47M shares have exchanged hands in the recent trading session, yielding a 2.39% gain over the past week. The stock price increased 1.19% or $-0.67 versus $56.28 at the end of the prior session. This change led market cap to move at $15.76B, putting the price -21.23% below the 52-week high and 8.02% above the 52-week low. The company’s stock has a normal trading capacity of 1.82M shares while the relative volume is 0.80.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $59.13 while $67.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $7.87 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $50.00, which would be decrease of about -12% of its current value. The mean target of $59.00 should be compared with the price when the stock was languishing around $52.72 a share. And it remains to be seen which target price O can achieve without sacrificing much as the company is holding a -11.49% fall for the past twelve months.

By historical standards, Realty Income Corporation remains a cheap stock. The company’s current price-earnings ratio amounts to 49.12 times earnings, above the average P/E ratio of 28.02 times earnings. For now, Realty Income Corporation is the toast of Wall Street as its ABR stands at 3.00 with 3 out of 19 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Realty Income Corporation has a 6.94% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Realty Income Corporation has far performed well this year, with the share price down -0.92% since January. Over the past 2 quarters, the stock is up 1.37%, compared with a fall of nearly -3.85% for 3 months and about 4.88% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $0.71, smashing the consensus of $0.75 per share. Revenue for the quarter also killed consensus, coming in at $298.02M, compared to the consensus of 289.93M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.76. The company is expected to report EPS as high as $0.78 and as low as $0.70 per share. Similarly, full-year EPS forecasts have ranged between $2.93 and $3.06. The mean EPS estimate is $3.02. On the other side, sales forecasts for the current quarter are $299.83M. The stock is expected to report revenue as high as $306.39M and as low as $291.39M per share. Similarly, full-year sales forecasts have ranged between $1.18B and $1.23B. The mean revenue estimate is $1.21B.

Over the last 5 years, Realty Income Corporation has averaged a 4.30% YoY EPS growth rate and a 21.80% revenue growth rate. Analysts are expecting EPS growth rates to be at 3.90% this quarter and EPS estimate for next year reflect 6.75% growth rate.

Sell-side analysts also have something to say about this company. Raymond James had a markedly different take on 09/01/2017, proposing that Realty Income Corporation is now considered Underperform versus prior Mkt Perform rating. Morgan Stanley raised its rating on Realty Income Corporation to Overweight on 13/12/2016 in a reversal from its prior Equal-Weight rating. Stifel analysts stated on 14/11/2016 that they maintained their Buy rating. Wunderlich analysts stated on 31/10/2016 that they maintained their Sell rating.

Realty Income Corporation (O) Share Price Could Be Rising After -0.92% fall In 2017 was last modified: June 15th, 2017 by Tiller Blare
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