Realty Income (NYSE:O) issued an update on its FY21 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.44-$3.49 for the period, compared to the Thomson Reuters consensus estimate of $3.43. Realty Income also updated its FY 2021
After-Hours guidance to 3.44-3.49 EPS.
Shares of NYSE O traded up $1.01 during midday trading on Monday, reaching $62.10. The company had a trading volume of 3,546,578 shares, compared to its average volume of 3,157,863. The business’s 50-day simple moving average is $60.22 and its 200 day simple moving average is $61.21. The stock has a market cap of $23.19 billion, a P/E ratio of 51.32, a P/E/G ratio of 4.80 and a beta of 0.64. Realty Income has a 1 year low of $38.00 and a 1 year high of $83.40. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.80.
Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 22nd. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.49. The firm had revenue of $418.10 million for the quarter, compared to analyst estimates of $398.27 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Analysts predict that Realty Income will post 3.4 earnings per share for the current year.
Several equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Realty Income in a report on Friday, January 22nd. They set a conviction-buy rating on the stock. Robert W. Baird assumed coverage on shares of Realty Income in a report on Wednesday, December 16th. They set a neutral rating on the stock. Finally, Morgan Stanley increased their price objective on shares of Realty Income from $64.00 to $67.00 and gave the company an overweight rating in a report on Tuesday, December 15th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $67.42.
In related news, Director A. Larry Chapman sold 9,000 shares of Realty Income stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $61.40, for a total value of $552,600.00. Following the completion of the transaction, the director now owns 9,757 shares in the company, valued at $599,079.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
About Realty Income
Realty Income, The Monthly Dividend Company<sup>Â®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.
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