Realty Income Corp.'s shares end four-day rally, underperforming competitors

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Realty Income Corp.'s shares end four-day rally, underperforming competitors
Credit: © Reuters.

Realty Income Corp. (NYSE: O ) saw its shares fall by 0.69% to a closing price of $50.2 on Tuesday, breaking a four-day winning streak and marking an underperformance against its market competitors. This downturn took place despite the S&P 500 Index and Dow Jones Industrial Average rising by 0.52% and 0.4% respectively.

The company's shares are currently positioned $18.65 below their 52-week high, which was reached on February 2, 2023. This decline in share value is emphasized when compared with the performance of Realty Income's competitors such as Kimco Realty Corp (NYSE: KIM )., Regency Centers (NASDAQ: REG ) Corp., and Federal Realty (NYSE: FRT ) Investment Trust, all of which saw increases in their share prices.

Notably, the trading volume for Realty Income Corp. on Tuesday reached 5.9 million, exceeding its 50-day average of 5.7 million, indicating a higher level of trading activity for the company's shares despite the drop in price.

According to InvestingPro data, Realty Income Corp. has a market cap of 35.67 billion USD and a P/E ratio of 37.51.

Realty Income Corp. also stands out as a prominent player in the Retail REITs industry. Despite the recent fall in its share price, the company's stock generally trades with low price volatility, as highlighted by InvestingPro Tips. This suggests a degree of stability in the company's stock performance, which could be a reassuring factor for potential investors.

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