Realty Income (NYSE:O) Releases FY 2024 Earnings Guidance

Realty Income (NYSE:O) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 4.170-4.210 for the period, compared to the consensus earnings per share estimate of 4.270. The company issued revenue guidance of -. Realty Income also updated its FY24 guidance to $4.17-$4.21 EPS.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group boosted their price objective on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Trading Down 0.7 %

Shares of NYSE O traded down $0.38 during trading on Thursday, hitting $56.62. 4,547,620 shares of the company traded hands, compared to its average volume of 5,688,764. The company has a 50-day moving average price of $62.06 and a 200-day moving average price of $57.85. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income has a 1 year low of $49.52 and a 1 year high of $64.88. The firm has a market capitalization of $49.31 billion, a P/E ratio of 53.93, a P/E/G ratio of 4.12 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.02 EPS. Realty Income’s revenue was up 28.1% compared to the same quarter last year. On average, equities analysts predict that Realty Income will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is 300.96%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.