Analysts Anticipate Realty Income Co. (O) Will Post Earnings of $0.79 Per Share

Brokerages forecast that Realty Income Co. (NYSE:O) will announce earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Realty Income’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.80. Realty Income reported earnings per share of $0.76 in the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Realty Income will report full year earnings of $3.17 per share for the current financial year, with EPS estimates ranging from $3.13 to $3.20. For the next year, analysts forecast that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.22 to $3.35. Zacks’ EPS averages are an average based on a survey of research analysts that cover Realty Income.

Realty Income (NYSE:O) last posted its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $318.30 million for the quarter, compared to the consensus estimate of $305.83 million. Realty Income had a return on equity of 4.99% and a net margin of 25.33%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS.

O has been the topic of a number of analyst reports. ValuEngine raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. DA Davidson raised shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, March 28th. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lowered their target price on shares of 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, Mizuho reissued a “hold” rating and issued a $53.00 target price on shares of Realty Income in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Realty Income has a consensus rating of “Hold” and an average price target of $62.40.

Realty Income opened at $52.98 on Monday, according to MarketBeat.com. The stock has a market capitalization of $14.87 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 3.70 and a beta of 0.16. Realty Income has a twelve month low of $47.25 and a twelve month high of $60.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90.

The company also recently declared a jun 18 dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a $0.2195 dividend. The ex-dividend date is Thursday, May 31st. This represents a yield of 5.04%. Realty Income’s dividend payout ratio (DPR) is presently 85.95%.

In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the transaction, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Realty Income by 11.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,100,701 shares of the real estate investment trust’s stock worth $62,762,000 after purchasing an additional 110,127 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Realty Income by 43.0% during the fourth quarter. Advisor Partners LLC now owns 7,027 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 2,112 shares during the last quarter. Family Legacy Inc. bought a new stake in shares of Realty Income during the fourth quarter worth approximately $593,000. Bank of Montreal Can raised its stake in shares of Realty Income by 7.8% during the fourth quarter. Bank of Montreal Can now owns 258,531 shares of the real estate investment trust’s stock worth $14,742,000 after buying an additional 18,776 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of Realty Income by 14.5% during the fourth quarter. First Manhattan Co. now owns 42,689 shares of the real estate investment trust’s stock worth $2,434,000 after buying an additional 5,415 shares during the last quarter. Institutional investors own 69.91% of the company’s stock.

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

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