Realty Income (NYSE:O) Releases FY24 Earnings Guidance

Realty Income (NYSE:O) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $4.13-4.21 for the period, compared to the consensus EPS estimate of $4.22. Realty Income also updated its FY 2024 guidance to 4.130-4.210 EPS.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a buy rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $60.00 and gave the company an outperform rating in a research note on Thursday, January 11th. StockNews.com raised Realty Income from a sell rating to a hold rating in a report on Thursday, February 8th. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a market perform rating and a $57.00 target price on the stock. Finally, Mizuho reduced their price target 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. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $60.96.

Realty Income Stock Down 0.1 %

Shares of Realty Income stock traded down $0.08 on Thursday, reaching $54.71. 1,065,495 shares of the company were exchanged, compared to its average volume of 6,772,257. The stock’s 50 day moving average price is $52.94 and its 200-day moving average price is $53.74. The company has a market cap of $47.11 billion, a P/E ratio of 50.78, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. Realty Income has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company earned $0.98 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, equities analysts forecast that Realty Income will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is 285.19%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Company Profile

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.