Realty Income (NYSE:O) Releases FY 2021 Earnings Guidance

Realty Income (NYSE:O) updated its FY 2021 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.440-3.490 for the period. The company issued revenue guidance of -.

Several equities research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Realty Income from $62.00 to $70.00 and gave the stock a neutral rating in a research report on Monday, April 19th. The Goldman Sachs Group started coverage on shares of Realty Income in a report on Friday, January 22nd. They issued a conviction-buy rating for the company. BMO Capital Markets cut shares of Realty Income from an outperform rating to a market perform rating in a report on Thursday, May 6th. Finally, Morgan Stanley raised their price target on shares of Realty Income from $67.00 to $74.00 and gave the stock an overweight rating in a report on Wednesday, April 21st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $69.78.

Shares of Realty Income stock traded down $0.03 during trading hours on Thursday, reaching $64.71. The company’s stock had a trading volume of 2,926,697 shares, compared to its average volume of 3,161,723. Realty Income has a one year low of $47.68 and a one year high of $71.84. The company has a market capitalization of $24.17 billion, a P/E ratio of 53.48, a P/E/G ratio of 4.80 and a beta of 0.64. The stock’s fifty day simple moving average is $66.71 and its two-hundred day simple moving average is $62.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.77 and a current ratio of 4.77.

Realty Income (NYSE:O) last released its quarterly earnings data on Sunday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The business had revenue of $442.80 million during the quarter, compared to the consensus estimate of $413.59 million. During the same period last year, the business posted $0.88 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Realty Income will post 3.4 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, May 14th. Investors of record on Monday, May 3rd will be given a dividend of $0.235 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, April 30th. Realty Income’s payout ratio is currently 84.94%.

About Realty Income

Realty Income, The Monthly Dividend Company, 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 our commercial clients.

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

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