Realty Income Corporation (O) Expected to Announce Earnings of $0.76 Per Share
Equities analysts expect Realty Income Corporation (NYSE:O) to report earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Realty Income Corporation’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.74. Realty Income Corporation reported earnings of $0.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 181.5%. The company is expected to report its next earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Realty Income Corporation will report full-year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.05. For the next year, analysts forecast that the company will report earnings of $3.17 per share, with EPS estimates ranging from $3.12 to $3.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Realty Income Corporation.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share.
O has been the topic of several recent research reports. FBR & Co initiated coverage on shares of Realty Income Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $56.00 price objective on the stock. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Morgan Stanley upped their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Realty Income Corporation presently has an average rating of “Hold” and a consensus target price of $64.27.
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Realty Income Corporation (NYSE:O) opened at 57.15 on Thursday. The stock has a 50 day moving average of $58.01 and a 200 day moving average of $57.37. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 48.89 and a beta of 0.32. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $63.60.
The company also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a $0.212 dividend. The ex-dividend date is Friday, September 29th. This represents a yield of 4.33%. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the sale, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. FCG Advisors LLC boosted its stake in shares of Realty Income Corporation by 0.5% during the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 18 shares during the period. Bennicas & Associates Inc. boosted its stake in shares of Realty Income Corporation by 0.6% during the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 33 shares during the period. RiverPoint Capital Management LLC boosted its stake in shares of Realty Income Corporation by 0.9% during the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 34 shares during the period. JT Stratford LLC boosted its stake in shares of Realty Income Corporation by 0.5% during the second quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 35 shares during the period. Finally, Eaton Vance Management boosted its stake in shares of Realty Income Corporation by 0.9% during the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 47 shares during the period. 68.98% of the stock is owned by hedge funds and other institutional investors.
Realty Income Corporation Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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