Realty Income Corporation (NYSE:O) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, O to report 2Q20 income of $ 0.41 per share.
For the full year, analysts anticipate top line of $ 1629.58 million, while looking forward to income of $ 1.72 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 recorded income for the first quarter of $ 0.88 per share, from the revenue of $ 414.34 million. The quarterly earnings swell 137.84 percent while revenues developed 17.03 percent compared with the same quarter last year.
Wall street analysts are predicting, O to report 1Q20 income of $ 0.45 per share from revenue of $ 409.74 million. The bottom line results beat street analysts by $ 0.43 or 95.56 percent, at the same time, top line results outshined analysts by $ 4.60 million or 1.12 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Realty Income Corporation
Stock Performance
According to the previous trading day, closing price of O was $ 60.05, representing a 58.03 % increase from the 52 week low of $ 38.00 and a 29.29 % decrease over the 52 week high of $ 84.92.
The company has a market capital of $ 20.62 billion and is part of the Real Estate sector and REIT – Retail industry.
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Recent Analyst recommendations
- On 30th June 2020, initiated by Berenberg Bank at Buy rating, with $ 70.00 target price.
- On 10th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 68.00 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).
