Brokerages expect Realty Income Corp (NYSE:O) to report earnings per share of $0.79 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Realty Income’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.79. Realty Income posted earnings of $0.77 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The business is expected to issue its next quarterly earnings results on Wednesday, October 24th.
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 $3.15 to $3.20. For the next year, analysts expect that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $3.23 to $3.33. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Realty Income.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.45). The business had revenue of $328.90 million for the quarter, compared to the consensus estimate 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 was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS.
Several brokerages have recently issued reports on O. ValuEngine downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Janney Montgomery Scott downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group upgraded shares of Realty Income from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $54.00 to $62.00 in a research note on Tuesday, July 10th. Wells Fargo & Co set a $65.00 price objective on shares of Realty Income and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Realty Income has a consensus rating of “Hold” and a consensus target price of $58.10.
In other Realty Income news, CEO John Case sold 35,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 158,961 shares of the company’s stock, valued at $9,172,049.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael R. Pfeiffer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.63, for a total transaction of $576,300.00. Following the sale, the executive vice president now directly owns 37,655 shares of the company’s stock, valued at $2,170,057.65. The disclosure for this sale can be found here. In 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 insiders.
A number of hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC lifted its position in Realty Income by 3,303.4% during the first quarter. Summit Trail Advisors LLC now owns 106,458 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 103,330 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Realty Income in the first quarter valued at about $111,000. Clarus Wealth Advisors acquired a new position in Realty Income in the second quarter valued at about $114,000. Centaurus Financial Inc. acquired a new position in Realty Income in the first quarter valued at about $125,000. Finally, Perigon Wealth Management LLC lifted 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 valued at $138,000 after buying an additional 1,531 shares during the last quarter. 68.20% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE O traded down $0.62 during midday trading on Friday, hitting $58.17. The stock had a trading volume of 51,658 shares, compared to its average volume of 1,107,047. The company has a market cap of $17.01 billion, a PE ratio of 18.99, a P/E/G ratio of 4.16 and a beta of 0.10. Realty Income has a 52 week low of $47.25 and a 52 week high of $60.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.28 and a current ratio of 1.28.
The business also recently disclosed a sep 18 dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, September 4th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 31st. This represents a yield of 4.51%. Realty Income’s dividend payout ratio (DPR) is 86.27%.
About Realty Income
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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