Realty Income (NYSE:O) Issues FY19 Earnings Guidance

Realty Income (NYSE:O) issued an update on its FY19 earnings guidance on Monday morning. The company provided EPS guidance of $3.28-3.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.29. Realty Income also updated its FY 2019 guidance to $3.28-3.33 EPS.

O stock traded down $1.09 during midday trading on Monday, reaching $68.96. 2,025,155 shares of the stock were exchanged, compared to its average volume of 1,941,140. The company has a market cap of $22.17 billion, a PE ratio of 21.62, a PEG ratio of 5.35 and a beta of 0.12. Realty Income has a 52 week low of $55.55 and a 52 week high of $74.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $70.20.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. Realty Income had a return on equity of 7.65% and a net margin of 28.70%. Realty Income’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, sell-side analysts expect that Realty Income will post 3.29 EPS for the current year.

The company also recently disclosed a aug 19 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.2265 per share. The ex-dividend date is Wednesday, July 31st. Realty Income’s dividend payout ratio is currently 85.27%.

A number of equities research analysts recently weighed in on O shares. ValuEngine lowered Realty Income from a buy rating to a hold rating in a research report on Thursday. Morgan Stanley boosted their price objective on Realty Income from $71.00 to $72.00 and gave the stock an equal weight rating in a research report on Thursday, July 11th. Citigroup set a $74.00 price target on Realty Income and gave the company a hold rating in a research report on Tuesday, June 11th. Capital One Financial upgraded Realty Income from an underweight rating to an equal weight rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research lowered Realty Income from a buy rating to a hold rating in a research report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $66.00.

In other news, EVP Michael R. Pfeiffer sold 10,829 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $69.83, for a total value of $756,189.07. Following the transaction, the executive vice president now directly owns 29,163 shares of the company’s stock, valued at approximately $2,036,452.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $70.72, for a total value of $424,320.00. Following the completion of the transaction, the director now directly owns 18,075 shares in the company, valued at $1,278,264. The disclosure for this sale can be found here. Insiders sold a total of 19,460 shares of company stock worth $1,366,521 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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