Realty Income Corporation (NYSE:O) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, O to report 3Q20 income of $ 0.35 per share.
For the full year, analysts anticipate top line of $ 1641.34 million, while looking forward to income of $ 1.43 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.50 ~ $ 3.56 per share
Click Here For More Historical Outlooks Of Realty Income Corporation
Previous Quarter Performance
Realty Income Corporation posted income for the second quarter of $ 0.86 per share, from the revenue of $ 414.64 million. The quarterly earnings grew 177.42 percent while revenues swell 15.55 percent compared with the same quarter last year.
Street analysts expected Realty Income Corporation to report income of $ 0.41 per share on revenue of $ 391.95 million for the second quarter. The bottom line results beat street analysts by $ 0.45 or 109.76 percent, at the same time, top line results outshined analysts by $ 22.69 million or 5.79 percent.
Stock Performance
On Friday, shares of Realty Income Corporation has traded high as $ 58.81 and has cracked $ 57.35 on the downward trend, reaching $ 57.86 with volume of 2.42 million shares.
According to the previous trading day, closing price of $ 57.86, representing a 53.39 % increase from the 52 week low of $ 38.00 and a 31.36 % decrease over the 52 week high of $ 84.92.
The company has a market capital of $ 19.96 billion and is part of the Real Estate sector and REIT – Retail industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by UBS Group at Buy rating, with $ 72.00 target price.
- On 9th October 2020, upgraded by Scotiabank to Sector Outperform from Sector Perform rating, with $ 72.00 target price.
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 5,800 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 586 consecutive common stock monthly dividends throughout its 50-year operating history and increased the dividend 101 times since Realty Incomes public listing in 1994 (NYSE: O).
