Equities analysts expect Realty Income Co. (NYSE:O) to report $0.78 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Realty Income’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.78. Realty Income posted earnings of $0.76 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The company is scheduled to report its next earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that Realty Income will report full year earnings of $3.16 per share for the current year, with EPS estimates ranging from $3.13 to $3.23. For the next fiscal year, analysts anticipate that the company will post earnings of $3.27 per share, with EPS estimates ranging from $3.23 to $3.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Realty Income.
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 analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 8.6% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the company. DA Davidson upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, March 28th. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Stifel Nicolaus dropped their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Finally, Citigroup upgraded Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.51.
Shares of Realty Income stock traded down $0.29 on Friday, reaching $52.08. 1,574,502 shares of the company were exchanged, compared to its average volume of 1,732,904. Realty Income has a one year low of $47.25 and a one year high of $62.31. The stock has a market cap of $14,885.94, a P/E ratio of 17.02, a P/E/G ratio of 3.99 and a beta of 0.18. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83.
The firm also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be paid a $0.2195 dividend. This represents a yield of 5.15%. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s dividend payout ratio is 85.95%.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total value of $114,687.64. Following the sale, the executive vice president now owns 17,531 shares in the company, valued at approximately $883,387.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its stake in Realty Income by 13.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 247,177 shares of the real estate investment trust’s stock valued at $14,094,000 after acquiring an additional 28,957 shares during the period. Certified Advisory Corp bought a new stake in Realty Income in the 4th quarter valued at $414,000. Hanson McClain Inc. raised its stake in Realty Income by 103.9% in the 4th quarter. Hanson McClain Inc. now owns 8,542 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 4,352 shares during the period. Xact Kapitalforvaltning AB raised its stake in Realty Income by 6.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 61,713 shares of the real estate investment trust’s stock valued at $3,519,000 after acquiring an additional 4,009 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Realty Income by 1.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 193,644 shares of the real estate investment trust’s stock worth $11,043,000 after buying an additional 1,869 shares during the period. Institutional investors and hedge funds own 70.97% of the company’s stock.
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Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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