Finance

Stock News Alert: Realty Income Corporation (NYSE:O)

Realty Income Corporation (NYSE:O) stock observed trading -40.40% off 52-week high price. On the other end, the stock has been noted 33.18% away from low price over the last 52-weeks. The stock disclosed a move of -14.26% away from 50 day moving average and -29.16% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.70% off 20-day moving average. It has market cap of $18.43B and dividend yield of 5.53%.

On May 04, 2020, Realty Income Corporation (NYSE:O) The Monthly Dividend Company®, declared operating results for the first quarter ended March 31, 2020. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.

COMPANY HIGHLIGHTS:

For the quarter ended March 31, 2020:

  • Net income per share was $0.44
  • AFFO per share increased 7.3% to $0.88, compared to the quarter ended March 31, 2019
  • Invested $486.0 million in 65 properties and properties under development or expansion, including $165.6 million in four properties in the U.K.
  • Raised $752.4 million from the sale of common stock
  • Completed the early redemption on all $250.0 million in principal amount of the 5.750% Notes due 2021

CEO Comments

First and foremost, our thoughts remain with everyone impacted by the COVID-19 pandemic. As we navigate through the current state of economic volatility and uncertainty, I want to thank my colleagues for their hard work and dedication to help maintain the strength of our business operations, said Sumit Roy, Realty Income’s President and Chief Executive Officer. We continued the positive momentum into a strong first quarter of 2020, investing $486 million in property acquisitions and ending the quarter well-positioned with a modest net debt to EBITDAre ratio of 5.0x and a fixed charge coverage ratio of 5.5x, which represents an all-time high. As of May 1st, we had approximately $1.2 billion of cash on hand and $1.1 billion available on our $3.0 billion revolving credit facility, excluding the $1.0 billion accordion feature, which we believe provides us significant financial flexibility through the duration of the year.

The USA based company Realty Income Corporation moved with change of -2.28% to $50.61 with the total traded volume of 3250475 shares in recent session versus to an average volume of 3.78M. The stock was observed in the 5 days activity at -1.36%. The one month performance of stock was 10.94%. O’s shares are at -35.28% for the quarter and driving a -28.01% return over the course of the past year and is now at -31.26% since this point in 2018.  Right now the stock beta is 0.67. The average volatility for the week and month was at 3.37% and 4.96% respectively. There are 364.15M shares outstanding and 342.70M shares are floated in market.

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