Realty Income Corp. (O) wins as the market goes down: what you need to know

IDuring the last trading session, Realty Income Corp. (O) closed at $ 71.63, marking a rise of 0.31% from the previous day. The change exceeded the S&P 500’s 0.14% loss on the day. Meanwhile, the Dow Jones lost 0.45% and the Nasdaq, an index with a strong technology component, lost 0.02%.

Prior to today, shares of the REIT had gained 6.68% over the past month, outpacing the financial sector’s 3.74% gain and the S&P 500’s 0.13% loss over the past month. this period.

Investors are hoping for strength from Realty Income Corp. in the run-up to the next publication of its results. The company is expected to post EPS of $ 0.94, up 11.9% from the previous year quarter. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 545.83 million, up 30.56% from the previous year.

Investors may also notice recent changes in analyst estimates at Realty Income Corp. These revisions generally 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 changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these rating changes and provides an actionable rating system.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified history of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has risen 0.84%. Realty Income Corp. Currently has a Zacks rank of # 3 (Hold).

Digging into the valuation, Realty Income Corp. currently has a forward P / E ratio of 18.14. This valuation marks a premium over its sector’s average forward P / E of 16.54.

Additionally, it should be mentioned that O has a PEG ratio of 4.3. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the company’s expected rate of profit growth. REIT and Equity Trust – Retail stocks have, on average, a PEG ratio of 2.31 based on yesterday’s closing prices.

The REITs and Equity Trusts – Retail sector is part of the Finance sector. This group has a Zacks Industry Rank of 38, placing it in the top 15% of 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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