On the upside, Realty Income Corporation (NYSE:O) will test short term resistance at around $67.08. On a downside, the share price is likely to find some support, which begins at $64.5. The failure to get near-term support could push it to $62.78. Its 50 day simple moving average (SMA 50) price is $60.41 and its 200-day simple moving average (SMA 200) price is $55.46. The company’s stock currently has a total float of 294.06M shares. Its weekly volatility is hovering around 2.02% and felt 1.5% volatility in price over a month.
O stock has been range bound between the range of $63.65 and $63.65 during the whole day. The stock finished Thursday at $66.21. The 3.39% uptrend helped its market value to reach at $19.47B. The price went up as high as $63.65 before retreating. Trading activity significantly improved as the volume at ready counter increased to 3,950,803 shares versus 2,168,920 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,033,535 shares. The stock is now 40.13% above against its bear-market low of $47.25 on February 12, 2018. It has retreated -0.03% since it’s 52-week high of $66.23 reached in December. Now the market price is up 19.9% on the year and up 16.12% YTD.
Separately, it has been reported that multiple insider activity took place at Realty Income Corporation (O). Director Chapman A. Larry sold 9,000 shares for $18,757 in transaction occurred on 2018/08/24. After making this transaction, the Director owns a direct stake of 527,040 shares, worth $1,241,901, as per the last closing price. On 2018/08/16 Mclaughlin Gregory, Director at O, dumped 3,100 shares at an average price of $58 per share. The selling total is valued at $1,118,022.
EVP CFO & Treasure, Meurer Paul M had divested 13,285 shares for $37,160 through a trade on 2018/08/06. Following this activity, the insider holds 765,482 shares worth $2,460,364 as of recent close. Wall Street’s most bullish Realty Income Corporation (NYSE:O) analysts are predicting the share price to blow past $72 per share during the next 12 months. The current median share price forecast by them is $61, suggesting that the stock could increase -7.87% in that time frame. The average price target of $62.47 calls for a nearly -5.65% increase in the stock price.
It had seen a positive analyst call from BofA/Merrill, which upgraded the stock from Neutral to Buy on November 15. Analysts at Morgan Stanley, shed their positive views on October 01 by lowering it fromOverweight to Equal-Weight. The stock lost favor of Janney analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on August 29. Stifel, reiterated their call for Buy, on February 22. On the other hand, they had set new target price to $60 versus $65.
When looking at valuations, Realty Income Corporation (O) has a pricey P/E of 55.83x as compared to industry average of 31.91x. Moreover, it trades for 48.33 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.51x price/book and 15.02x price/sales. Compared to others, Realty Income Corporation is in a different league with regards to profitability, having net margins of 26.2%. To put some perspective around this, the industry’s average net margin is 45.46%. O’s ROE is 4.6%, which is also considerably worse than the industry’s ROE of 6.72%.
Shares of Realty Income Corporation (O) have gained 6.3% since the company’s last earnings report. Over the past 12 fiscal quarters, Realty Income Corporation (NYSE:O) has topped consensus earnings estimates in 0 quarters (0%), missed earnings in 12 quarters (100%), whereas at 0 occasion EPS met analyst expectations. O last reported earnings on October 31, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.81 per share, -61.61% change on the same period last year. That was better than consensus for $0.79. Revenue for the recent quarter stood at $338.08 million, up 10% on last year and above the $334.44 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $337.97 million to $346.83 million, which should be compared with $328.36 million generated last year. EPS is seen in a range of $0.74 to $0.82, against the $0.8 reported a year ago.