Realty Income Corp (O) Expected to Post Earnings of $0.80 Per Share

Equities analysts predict that Realty Income Corp (NYSE:O) will announce $0.80 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Realty Income’s earnings, with estimates ranging from $0.80 to $0.82. Realty Income posted earnings of $0.79 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, May 14th.

According to Zacks, analysts expect that Realty Income will report full-year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.30. For the next year, analysts expect that the business will post earnings of $3.41 per share, with EPS estimates ranging from $3.37 to $3.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Realty Income.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.48. Realty Income had a net margin of 27.38% and a return on equity of 4.78%. The business had revenue of $342.60 million for the quarter, compared to analyst estimates of $330.23 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year.

Several equities research analysts have recently weighed in on O shares. Zacks Investment Research lowered shares of Realty Income from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Stifel Nicolaus upped their price target on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Co upped their price target on shares of Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Capital One Financial downgraded shares of Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. Finally, Citigroup set a $70.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $61.83.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Unigestion Holding SA acquired a new position in Realty Income during the 4th quarter valued at about $353,000. Tredje AP fonden lifted its position in Realty Income by 112.2% during the 4th quarter. Tredje AP fonden now owns 10,489 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 5,545 shares during the period. JPMorgan Chase & Co. lifted its position in Realty Income by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,121,860 shares of the real estate investment trust’s stock valued at $120,713,000 after purchasing an additional 293,655 shares during the period. Strs Ohio lifted its position in Realty Income by 12.6% during the 4th quarter. Strs Ohio now owns 479,507 shares of the real estate investment trust’s stock valued at $30,228,000 after purchasing an additional 53,780 shares during the period. Finally, Hayden Royal LLC acquired a new position in Realty Income during the 4th quarter valued at about $406,000. Institutional investors and hedge funds own 73.51% of the company’s stock.

O opened at $71.40 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.16. Realty Income has a twelve month low of $48.80 and a twelve month high of $74.14. The stock has a market capitalization of $21.80 billion, a PE ratio of 22.38, a PEG ratio of 5.19 and a beta of 0.19.

The business also recently declared a apr 19 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.226 per share. The ex-dividend date is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is 84.95%.

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 5,700 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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