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.

To follow O in future trading sessions, be sure to use Zacks.com.

Zacks’ top picks for leveraging artificial intelligence

By 2021, this world-changing technology is expected to generate $ 327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban has said AI will create “the world’s first trillionaires.” Zacks’ Urgent Special Report Reveals 3 AI Choices Investors Need To Know Today.

See 3 artificial intelligence stocks with extreme upside potential >>

Click to get this free report

Realty Income Corporation (O): Free share analysis report

To read this article on Zacks.com, click here.

Zacks investment research

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

Comments are closed.