Realty Income (O) Releases FY18 Earnings Guidance

Realty Income (NYSE:O) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.14-$3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.17.

Several brokerages have weighed in on O. B. Riley set a $56.00 price target on Realty Income and gave the stock a hold rating in a report on Tuesday, January 2nd. Raymond James Financial raised Realty Income from an underperform rating to a market perform rating in a report on Wednesday, December 20th. Citigroup raised Realty Income to a market perform rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr downgraded Realty Income from a buy rating to a hold rating and set a $58.60 price target for the company. in a report on Monday, November 13th. Finally, Zacks Investment Research downgraded Realty Income from a hold rating to a sell rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $64.09.

Shares of Realty Income (NYSE:O) traded down $1.01 during trading hours on Wednesday, hitting $48.39. The stock had a trading volume of 3,500,308 shares, compared to its average volume of 2,650,000. Realty Income has a 1 year low of $47.25 and a 1 year high of $63.60. The stock has a market capitalization of $13,640.00, a PE ratio of 39.66, a price-to-earnings-growth ratio of 3.62 and a beta of 0.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.45. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The firm had revenue of $298.90 million during the quarter, compared to analysts’ expectations of $301.53 million. During the same period last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts expect that Realty Income will post 2.99 EPS for the current fiscal year.

The company also recently disclosed a mar 18 dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.219 dividend. This represents a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 28th. Realty Income’s payout ratio is 215.57%.

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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.

Earnings History and Estimates for Realty Income (NYSE:O)

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