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Realty Income Corp. (O) closed the most recent trading day at $52.25, moving -1.28% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.57%. Elsewhere, the Dow saw a downswing of 0.84%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the real estate investment trust had lost 9.51% in the past month. In that same time, the Finance sector lost 10.12%, while the S&P 500 lost 12.16%.
Analysts and investors alike will be keeping a close eye on the performance of Realty Income Corp. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.06, showcasing a 2.91% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.38 billion, up 9.26% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.29 per share and a revenue of $5.58 billion, demonstrating changes of +2.39% and +5.85%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Realty Income Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Realty Income Corp. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Realty Income Corp. is presently being traded at a Forward P/E ratio of 12.34. This indicates a premium in contrast to its industry's Forward P/E of 12.09.
Meanwhile, O's PEG ratio is currently 2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the REIT and Equity Trust - Retail industry had an average PEG ratio of 2.53.
The REIT and Equity Trust - Retail industry is part of the Finance sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.