Realty Income Co. (NYSE:O) announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01, Yahoo Finance reports. The business had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Realty Income updated its FY17 guidance to $3.03-3.07 EPS.
Realty Income (NYSE O) traded up $0.01 during midday trading on Friday, hitting $56.27. The stock had a trading volume of 1,300,700 shares, compared to its average volume of 1,767,230. The company has a market cap of $15,853.25, a P/E ratio of 18.39, a P/E/G ratio of 4.59 and a beta of 0.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income has a 52-week low of $52.85 and a 52-week high of $63.60.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. Realty Income’s dividend payout ratio is currently 208.20%.
Several research firms have recently issued reports on O. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a report on Friday, July 14th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Thursday, July 27th. B. Riley restated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Canaccord Genuity started coverage on Realty Income in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective on the stock. Finally, FBR & Co set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.43.
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In other news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Realty Income Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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