Realty Income (NYSE:O) Releases FY21 Earnings Guidance

Realty Income (NYSE:O) updated its FY21 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.44-$3.49 for the period, compared to the Thomson Reuters consensus estimate of $3.43. Realty Income also updated its FY 2021
After-Hours guidance to 3.44-3.49 EPS.

Shares of NYSE:O opened at $62.10 on Tuesday. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 4.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77. The business’s 50-day moving average is $60.22 and its 200-day moving average is $61.21. Realty Income has a 1 year low of $38.00 and a 1 year high of $83.40.

Realty Income (NYSE:O) last issued its earnings results on Sunday, February 21st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The business had revenue of $418.10 million during the quarter, compared to the consensus estimate of $398.27 million. Realty Income had a return on equity of 3.96% and a net margin of 24.94%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts anticipate that Realty Income will post 3.4 EPS for the current year.

The business also recently announced a feb 21 dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be given a dividend of $0.2345 per share. The ex-dividend date is Friday, February 26th. This represents a dividend yield of 4.5%. Realty Income’s payout ratio is presently 84.64%.

O has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of Realty Income from $64.00 to $67.00 and gave the stock an overweight rating in a report on Tuesday, December 15th. Robert W. Baird started coverage on Realty Income in a research note on Wednesday, December 16th. They issued a neutral rating for the company. Finally, The Goldman Sachs Group initiated coverage on Realty Income in a research report on Friday, January 22nd. They issued a conviction-buy rating for the company. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Realty Income currently has an average rating of Buy and a consensus target price of $67.42.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $61.40, for a total transaction of $552,600.00. Following the sale, the director now owns 9,757 shares of the company’s stock, valued at approximately $599,079.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

About Realty Income

Realty Income, The Monthly Dividend Company<sup>®</sup>, 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 commercial tenants.

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

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