Realty Income (NYSE:O) Posts Earnings Results, Misses Estimates By $0.07 EPS

Realty Income (NYSE:O) posted its earnings results on Monday. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07), RTT News reports. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. Realty Income updated its FY24 guidance to $4.19-4.28 EPS.

Realty Income Trading Up 2.1 %

Shares of O stock opened at $60.44 on Wednesday. Realty Income has a 1 year low of $45.03 and a 1 year high of $61.35. The firm has a market capitalization of $52.63 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The stock has a fifty day moving average of $54.73 and a two-hundred day moving average of $53.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on O. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a report on Tuesday. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Robert W. Baird boosted their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.29.

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.