Realty Income (O) to Release Earnings on Monday

Realty Income (NYSE:O) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 21.1% on a year-over-year basis. On average, analysts expect Realty Income to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Realty Income Stock Down 0.2 %

Shares of O stock opened at $53.71 on Monday. The firm has a fifty day moving average of $52.65 and a 200-day moving average of $53.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a market capitalization of $46.25 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 5.57 and a beta of 0.92.

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is currently 244.44%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Royal Bank of Canada lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, BMO Capital Markets initiated coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.96.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.