Realty Income stock: buy or sell
Updated on:
Apr 16th, 2021
2
Realty Income stock brief
- Realty Income closed on Thursday at $66.92 after growing a 2.39%.
- The price is currently above the upper Bollinger band, which often indicates a short-term correction
- Morgan Stanley published a bullish rating for Realty Income on Thursday, forecasting $74.00
- Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income.
Should I buy Realty Income stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $O stock a buy?
In the current situation of Realty Income there is not any eligible buy setup. This doesn't mean $O will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Realty Income stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. Similarly to when we have to buy shares, deciding when is appropiate time to sell is not a fickle decision, and we must use our own trading style. Our trading system selects very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short Realty Income stock
A golden rule is that you should not hold an operation that produces greater losses than those expected by the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Realty Income stock?
In the current situation of Realty Income there is not any eligible sell setup, so Realty Income stock holders with operations in profit can keep their positions
Realty Income ratings
In the last month, just one brokerage rating was published for Realty Income
| Brokerage firm | Rating |
|---|---|
| Apr 15th, 2021 | |
| Morgan Stanley | Buy |
Realty Income stock analysis
Realty Income shares started an uptrend last January, and gained an amazing 18.74%. Rising tops and bottoms can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest pullback was in early March, when price bounced at $58.06. In late March, Realty Income broke out above its last top ($63.31) offering a good entry point
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Price levels both above or below the Bollinger Bands indicate that the price has followed a strong trend that has led to extreme highs or lows. For this case, the price is over the upper band, which should mean a near-term correction (at least) until it is below the band
Relative strength index
Climbed over the 70 level Thursday, marking a reading of 70.23. Breaking out above the level of 70 is not a sell signal, as stocks can rise during several weeks being above the level of 70
Realty Income stock price history
Realty Income went public on Oct 18th, 1994 at $1.52 per share1. Since then, O stock has risen by 4,302.63%, with an average of 165.49% per year. An investment of thousand dollars on Oct 1994 would worth $44,026.32 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Realty Income stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by analysts for the last 30 days. Again, these targets are not direct recommendations for individual traders and should not be followed blindly.
There is just one price target issued for Realty Income that forecasts a price of $74.00.
| Brokerage firm | Price target |
|---|---|
| Apr 15th, 2021 | |
| Morgan Stanley | $67.00 → $74.00 |
Earnings and financials
Earnings event was hosted by Realty Income ($O) last February after releasing the financial report. Realty Income posted earnings of $0.84 per share on revenue of $418.1 million. The analysts estimate was $0.34 per share on revenue of $411.6 million.
By comparison, the EPS for the same quarter last year was $0.39, so reported EPS is a improvement of 115.38%. Sales moved up a 5.17% on an annualized basis in the , from $4.0B to $4.2B last quarter.Realty Income ($O) presents quarterly earnings report early next May. Market forecasts of $0.30, compared to Q4 that made $0.84.
Realty Income performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Realty Income ($O) | 5.30% | 16.40% | 11.10% |
Please read:
The thoughts contained in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the specific situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for learning reasons onlyRealty Income summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $65.91 |
| Close | $66.92 |
| Day range | $65.71 - $66.95 |
| Previous close | $65.36 |
| Session gain | 2.39% |
| Average true range | $1.00 |
| 50d mov avg | $62.39 |
| 100d mov avg | $60.92 |
| 200d mov avg | $60.14 |
| Earnings date | May 3rd, 2021 |