Is This the Time to Buy Realty Income Corp. (O)?

Real Estate Investment Trust (REIT) Realty Income Corporation (O – Get Rating) is known for its monthly dividends. The company has grown its topline significantly in the recent past. Its revenue grew at 30.8% and 23% CAGRs over the past three and five years, respectively.

On the other hand, it is trading at a premium compared to its peers. Its forward non-GAAP P/E of 44.71x is 49.5% higher than the industry average of 29.90x, while its trailing-12-month Price/Sales multiple of 10.87 is 147.5% higher than the 4.39 industry multiple.

The stock closed its last trading session at $60.10, lower than its 50-day moving average of $61.72 and 200-day moving average of $63.97, indicating a downtrend.

Hence, would it be wise to invest in this Robinhood top 100 stock now? Let’s look at trends of some of its key financial metrics to answer that.

Tracking Realty Income Corporation’s (O) Revenue, Gross Margin & ROA

O’s revenue has steadily increased over the past couple of years. Starting from $1.60 billion in June 2020 to $3.45 billion in March 2023, its revenue grew by around 115% or at an 11.5% growth rate during this period.

This growth rate has been relatively consistent throughout the year, with the most significant jump being from March 2021 to June 2021, where the revenue increased from $1.68 billion to…

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