Realty Income (NYSE:O - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 4.130-4.210 for the period, compared to the consensus EPS estimate of 4.220. The company issued revenue guidance of -. Realty Income also updated its FY24 guidance to $4.13-4.21 EPS.
Realty Income Trading Up 0.3 %
Shares of NYSE:O traded up $0.17 during midday trading on Monday, hitting $55.43. The company had a trading volume of 6,842,039 shares, compared to its average volume of 6,845,817. The firm has a fifty day simple moving average of $52.89 and a 200 day simple moving average of $53.70. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market cap of $47.73 billion, a price-to-earnings ratio of 43.99, a PEG ratio of 5.73 and a beta of 0.92. Realty Income has a 12 month low of $45.03 and a 12 month high of $64.18.
Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, analysts predict that Realty Income will post 4.16 EPS for the current year.
Realty Income Announces Dividend
The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income's payout ratio is presently 244.45%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on O. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a buy rating for the company in a report on Wednesday, February 21st. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a market perform rating and a $57.00 price target on the stock. StockNews.com upgraded shares of Realty Income from a sell rating to a hold rating in a research note on Thursday, February 8th. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an outperform rating in a report on Thursday, January 11th. Finally, Mizuho cut their price objective on shares of Realty Income from $60.00 to $56.00 and set a buy rating for the company in a report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Realty Income has an average rating of Hold and an average target price of $60.96.
Get Our Latest Analysis on O
Insider Activity at Realty Income
In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.
About Realty Income
(
Get Free Report)
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.
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