Realty Income Corp. (O) Issues FY14 Earnings Guidance
Realty Income Corp. (NYSE:O) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $2.53-2.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.58, AnalystRatings.Net reports.
Realty Income Corp. (NYSE:O) traded up 0.58% on Thursday, hitting $41.43. 807,136 shares of the company’s stock traded hands. Realty Income Corp. has a 52-week low of $36.58 and a 52-week high of $55.48. The stock’s 50-day moving average is $39.17 and its 200-day moving average is $39.96. The company has a market cap of $8.135 billion and a price-to-earnings ratio of 40.26.
Realty Income Corp. (NYSE:O) last announced its earnings results on Thursday, February 13th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $215.70 million for the quarter, compared to the consensus estimate of $202.80 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 65.8% on a year-over-year basis. Analysts expect that Realty Income Corp. will post $2.42 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1822 per share. This represents a $2.19 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Thursday, February 27th.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Realty Income Corp. to a hold rating in a research note on Monday, January 13th. On a related note, analysts at Oppenheimer initiated coverage on shares of Realty Income Corp. in a research note on Monday, January 6th. They set an outperform rating on the stock. Finally, analysts at Capital One Financial Corp. initiated coverage on shares of Realty Income Corp. in a research note on Thursday, December 5th. They set a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $47.50.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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