Equities analysts predict that Realty Income Corp (NYSE:O) will post sales of $334.21 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Realty Income’s earnings. The highest sales estimate is $339.42 million and the lowest is $326.81 million. Realty Income posted sales of $306.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, October 31st.
According to Zacks, analysts expect that Realty Income will report full year sales of $1.31 billion for the current year, with estimates ranging from $1.27 billion to $1.33 billion. For the next year, analysts anticipate that the company will post sales of $1.41 billion, with estimates ranging from $1.32 billion to $1.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Realty Income.
Realty Income (NYSE:O) last released its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.45). The business had revenue of $328.90 million during the quarter, compared to analysts’ expectations of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share.
O stock traded down $0.11 during trading on Monday, hitting $55.85. 2,230,108 shares of the stock traded hands, compared to its average volume of 1,976,204. Realty Income has a 1 year low of $47.25 and a 1 year high of $59.24. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 4.04 and a beta of 0.11. 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 oct 18 dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a dividend of $0.2205 per share. This is a positive change from Realty Income’s previous oct 18 dividend of $0.22. This represents a yield of 4.62%. The ex-dividend date of this dividend is Friday, September 28th. Realty Income’s dividend payout ratio (DPR) is 86.60%.
In related news, CEO John Case sold 35,000 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $57.70, for a total value of $2,019,500.00. Following the completion of the transaction, the chief executive officer now directly owns 158,961 shares of the company’s stock, valued at $9,172,049.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the transaction, the director now directly owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,067 shares of company stock valued at $5,142,150. 0.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Realty Income by 4.6% in the second quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock valued at $1,630,791,000 after acquiring an additional 1,341,367 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Realty Income by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,190,100 shares of the real estate investment trust’s stock valued at $225,390,000 after acquiring an additional 78,488 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Realty Income by 1.2% in the second quarter. Bank of America Corp DE now owns 3,007,424 shares of the real estate investment trust’s stock valued at $161,769,000 after acquiring an additional 34,897 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Realty Income by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 2,376,984 shares of the real estate investment trust’s stock valued at $127,857,000 after acquiring an additional 32,189 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of Realty Income by 11.1% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,290,304 shares of the real estate investment trust’s stock valued at $123,195,000 after acquiring an additional 228,943 shares in the last quarter. 68.20% of the stock is owned by institutional investors.
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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