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

Realty Income (NYSE:O) updated its FY 2024 earnings guidance on Monday. 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a market perform rating and a $57.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a buy rating on the stock in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Realty Income from a sell rating to a hold rating in a research report on Thursday, February 8th. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $60.00 and gave the company an outperform rating in a research report on Thursday, January 11th. Finally, Mizuho dropped their price target on Realty Income from $60.00 to $56.00 and set a buy rating for the company in a report on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of Hold and an average target price of $60.96.

Realty Income Price Performance

Shares of NYSE O traded down $0.43 during mid-day trading on Tuesday, reaching $55.02. The company had a trading volume of 6,354,974 shares, compared to its average volume of 6,840,320. Realty Income has a one year low of $45.03 and a one year high of $64.18. The business’s 50-day simple moving average is $52.89 and its 200 day simple moving average is $53.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $47.38 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue was up 33.5% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. On average, research analysts predict that Realty Income will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.