Realty Income (NYSE:O) issued an update on its FY 2021
After-Hours earnings guidance on Monday morning. The company provided earnings per share guidance of 3.44-3.49 for the period. Realty Income also updated its FY21 guidance to $3.44-$3.49 EPS.
O stock opened at $62.10 on Tuesday. The business has a fifty day moving average price of $60.22 and a 200 day moving average price of $61.21. Realty Income has a fifty-two week low of $38.00 and a fifty-two week high of $83.40. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 4.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77.
Realty Income (NYSE:O) last posted its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Realty Income had a return on equity of 3.96% and a net margin of 24.94%. The company had revenue of $418.10 million during the quarter, compared to the consensus estimate of $398.27 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts expect that Realty Income will post 3.4 earnings per share for the current fiscal year.
Several research firms have weighed in on O. Morgan Stanley lifted their target price on Realty Income from $64.00 to $67.00 and gave the stock an overweight rating in a report on Tuesday, December 15th. Robert W. Baird began coverage on Realty Income in a report on Wednesday, December 16th. They set a neutral rating on the stock. Finally, The Goldman Sachs Group began coverage on Realty Income in a report on Friday, January 22nd. They set a conviction-buy rating on the stock. 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. Realty Income presently has a consensus rating of Buy and an average price target of $67.42.
In other news, Director A. Larry Chapman sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $61.40, for a total transaction of $552,600.00. Following the completion of the transaction, the director now directly owns 9,757 shares of the company’s stock, valued at approximately $599,079.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.
Realty Income Company Profile
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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