Analysts expect that Realty Income Corp (NYSE:O) will post earnings per share (EPS) of $0.79 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Realty Income’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.80. Realty Income posted earnings per share of $0.77 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is expected to announce its next earnings report after the market closes on Wednesday, October 31st.
On average, analysts expect that Realty Income will report full-year earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.16 to $3.20. For the next financial year, analysts expect that the business will post earnings of $3.28 per share, with EPS estimates ranging from $3.24 to $3.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Realty Income.
Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). The company had revenue of $328.90 million during the quarter, compared to analyst estimates of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share.
A number of research analysts have recently issued reports on O shares. ValuEngine upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Friday, October 5th. Mizuho set a $58.00 price objective on shares of Realty Income and gave the company a “hold” rating in a report on Monday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, September 17th. Finally, Bank of America lifted their price objective on shares of Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.47.
NYSE:O traded down $0.11 during trading hours on Friday, reaching $55.85. The company had a trading volume of 2,230,108 shares, compared to its average volume of 1,976,204. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 4.04 and a beta of 0.11. Realty Income has a twelve month low of $47.25 and a twelve month high of $59.24.
The company also recently declared a oct 18 dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be issued a dividend of $0.2205 per share. The ex-dividend date of this dividend is Friday, September 28th. This is a boost from Realty Income’s previous oct 18 dividend of $0.22. This represents a yield of 4.62%. Realty Income’s payout ratio is 86.60%.
In related news, CEO John Case sold 35,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.70, for a total transaction of $2,019,500.00. Following the transaction, the chief executive officer now directly owns 158,961 shares in the company, valued at $9,172,049.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $58.56, for a total transaction of $527,040.00. Following the transaction, the director now owns 18,757 shares in the company, valued at $1,098,409.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,067 shares of company stock worth $5,142,150. 0.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC raised its position in Realty Income by 3,303.4% in the first quarter. Summit Trail Advisors LLC now owns 106,458 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 103,330 shares during the period. Clarus Wealth Advisors bought a new stake in Realty Income in the second quarter worth about $114,000. Perigon Wealth Management LLC raised its position in Realty Income by 135.7% in the first quarter. Perigon Wealth Management LLC now owns 2,659 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 1,531 shares during the period. NEXT Financial Group Inc bought a new stake in Realty Income in the third quarter worth about $172,000. Finally, New England Asset Management Inc. bought a new stake in Realty Income in the second quarter worth about $178,000. Institutional investors and hedge funds own 68.20% of the company’s stock.
Realty Income Company Profile
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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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