O Stock Summary and Trading Ideas (Realty Income | NYSE:O)

Realty Income owns roughly 13,400 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.

Realty Income trades on the NYSE stock market under the symbol O.

As of April 22, 2024, O stock price climbed to $53.33 with 3,819,681 million shares trading.

O has a beta of 0.73, meaning it tends to be less sensitive to market movements. O has a correlation of 0.25 to the broad based SPY ETF.

O has a market cap of $45.92 billion. This is considered a Large Cap stock.

Last quarter Realty Income reported $1 billion in Revenue and $1.01 earnings per share. This beat revenue expectation by $53 million and missed earnings estimates by -$.03.

In the last 3 years, O stock traded as high as $75.40 and as low as $45.04.

The top ETF exchange traded funds that O belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

O has underperformed the market in the last year with a return of -9.5%, while the SPY ETF gained +22.9%. In the last 3 month period, O fell short of the market, returning -2.7%, while SPY returned +3.7%. However, in the most recent 2 weeks O has outperformed the stock market by returning -0.6%, while SPY returned -3.7%.

O support price is $52.40 and resistance is $53.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that O stock will trade within this expected range on the day.