Realty Income (NYSE:O) Updates FY 2021 After-Hours Earnings Guidance

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.

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

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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Earnings History and Estimates for Realty Income (NYSE:O)

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