Realty Income (NYSE:O) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.25-$3.31 for the period, compared to the Thomson Reuters consensus estimate of $3.30. Realty Income also updated its FY 2019 guidance to $3.25-3.31 EPS.
A number of brokerages have recently issued reports on O. ValuEngine raised Realty Income from a hold rating to a buy rating in a research note on Tuesday, October 23rd. Royal Bank of Canada boosted their price objective on Realty Income from $57.00 to $60.00 and gave the company a sector perform rating in a research note on Tuesday, November 6th. Zacks Investment Research downgraded Realty Income from a buy rating to a hold rating in a research note on Wednesday, October 24th. Citigroup raised Realty Income from a sell rating to a neutral rating and boosted their price objective for the company from $56.00 to $67.00 in a research note on Wednesday, December 12th. Finally, Bank of America raised Realty Income from a neutral rating to a buy rating and set a $72.00 price objective on the stock in a research note on Thursday, November 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $59.00.
Realty Income stock traded down $1.11 during midday trading on Wednesday, reaching $68.81. The stock had a trading volume of 1,519,200 shares, compared to its average volume of 2,066,291. Realty Income has a 12 month low of $48.26 and a 12 month high of $70.48. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 4.57 and a beta of 0.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.
Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.48. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The business had revenue of $342.60 million during the quarter, compared to analyst estimates of $330.23 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income will post 3.13 EPS for the current year.
The business also recently disclosed a mar 19 dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.2255 per share. This represents a yield of 3.86%. The ex-dividend date is Thursday, February 28th. Realty Income’s dividend payout ratio is currently 88.56%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company 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 5,600 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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