Realty Income (NYSE:O – Get Free Report) issued an update on its FY 2023 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.98-$4.01 for the period, compared to the consensus estimate of $4.11. The company issued revenue guidance of -. Realty Income also updated its FY23 guidance to $4.08-$4.15 EPS.
Realty Income Stock Performance
Shares of Realty Income stock opened at $50.44 on Tuesday. The business has a 50-day moving average price of $51.65 and a two-hundred day moving average price of $57.23. Realty Income has a 1-year low of $45.03 and a 1-year high of $68.85. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63. The company has a market cap of $35.75 billion, a P/E ratio of 37.64, a PEG ratio of 2.54 and a beta of 0.87.
Realty Income Dividend Announcement
The business also recently declared a nov 23 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.256 dividend. This represents a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, October 31st. Realty Income’s dividend payout ratio (DPR) is currently 229.10%.
Analysts Set New Price Targets
Several research firms have recently commented on O. Scotiabank downgraded shares of Realty Income from a sector outperform rating to a sector perform rating and decreased their target price for the stock from $61.00 to $54.00 in a research report on Monday, October 16th. Robert W. Baird restated a neutral rating and set a $69.00 price objective on shares of Realty Income in a research note on Monday, August 28th. Citigroup cut their price target on shares of Realty Income from $65.00 to $61.50 and set a neutral rating on the stock in a report on Tuesday, August 29th. StockNews.com began coverage on shares of Realty Income in a research report on Thursday, October 5th. They set a sell rating on the stock. Finally, TheStreet lowered Realty Income from a b- rating to a c+ rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $62.28.
View Our Latest Analysis on Realty Income
Institutional Trading of Realty Income
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its holdings in shares of Realty Income by 13.6% during the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after acquiring an additional 2,273,591 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock valued at $912,560,000 after purchasing an additional 86,340 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Realty Income by 7.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock valued at $724,847,000 after purchasing an additional 829,227 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Realty Income by 100,285.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after buying an additional 8,615,530 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Realty Income by 0.7% in the 4th quarter. Legal & General Group Plc now owns 7,884,572 shares of the real estate investment trust’s stock worth $500,118,000 after buying an additional 54,367 shares during the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.
About Realty Income
(Get Free Report)
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 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients.
Further Reading
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