Realty Income (NYSE:O) Releases FY21 Earnings Guidance


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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.

The company also recently declared a feb 21 dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be given a dividend of $0.2345 per share. The ex-dividend date is Friday, February 26th. This represents a yield of 4.5%. Realty Income’s dividend payout ratio is presently 84.64%.

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>®</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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Earnings History and Estimates for Realty Income (NYSE:O)

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