Realty Income (NYSE:O) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Realty Income (NYSE:O) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07), RTT News reports. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Realty Income updated its FY24 guidance to $4.19-4.28 EPS.

Realty Income Price Performance

Shares of NYSE O opened at $60.46 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income has a one year low of $45.03 and a one year high of $61.35. The firm has a market capitalization of $52.65 billion, a P/E ratio of 55.96, a PEG ratio of 5.05 and a beta of 0.96. The company’s fifty day moving average is $54.73 and its two-hundred day moving average is $53.80.

Realty Income Announces Dividend

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is 291.67%.

Analyst Ratings Changes

O has been the subject of several analyst reports. UBS Group upped their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Scotiabank upped their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.29.

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.