Zacks: Analysts Anticipate Realty Income Corporation (O) to Announce $0.75 EPS

Analysts predict that Realty Income Corporation (NYSE:O) will report earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Realty Income’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.61. Realty Income reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 127.3%. The firm is expected to announce its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Realty Income will report full-year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.83 to $3.05. For the next financial year, analysts forecast that the company will report earnings of $3.16 per share, with EPS estimates ranging from $3.12 to $3.23. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Realty Income.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. UBS upgraded Realty Income from a “sell” rating to a “neutral” rating and boosted their price target for the company from $52.00 to $57.00 in a report on Friday, September 8th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income in a report on Wednesday, November 1st. Finally, Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $65.43.

Realty Income (NYSE O) opened at $55.55 on Friday. The company has a market capitalization of $15,582.73, a PE ratio of 18.07, a PEG ratio of 4.54 and a beta of 0.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income has a twelve month low of $52.85 and a twelve month high of $63.60.

The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 4.49%. Realty Income’s payout ratio is 208.20%.

In other news, Director Gregory Mclaughlin sold 3,200 shares of the business’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 sale, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,549 shares of company stock worth $593,646. Insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in Realty Income by 3.9% in the 2nd quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after acquiring an additional 1,024,539 shares in the last quarter. Vanguard Group Inc. raised its stake in Realty Income by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock valued at $2,583,229,000 after buying an additional 834,811 shares during the last quarter. Standard Life Investments LTD purchased a new stake in Realty Income during the 2nd quarter valued at $29,611,000. JPMorgan Chase & Co. raised its stake in Realty Income by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after buying an additional 437,803 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Realty Income by 92.8% during the 2nd quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock valued at $43,600,000 after buying an additional 380,379 shares during the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Realty Income

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

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