Equities analysts forecast that Realty Income Corp (NYSE:O) will announce earnings of $0.69 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Realty Income’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.61. Realty Income posted earnings of $0.77 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 10.4%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Realty Income will report full-year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.83 to $3.05. For the next financial year, analysts forecast that the company will post earnings of $3.17 per share, with EPS estimates ranging from $3.12 to $3.23. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for 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 Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. Realty Income’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS.

A number of equities analysts have recently issued reports on O shares. B. Riley set a $56.00 price target on Realty Income and gave the stock a “hold” rating in a research report on Tuesday. Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup raised Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a research report on Monday, November 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 price objective on shares of Realty Income in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $64.09.

Shares of Realty Income (NYSE O) traded down $0.21 during trading on Friday, reaching $55.04. The company’s stock had a trading volume of 382,406 shares, compared to its average volume of 1,681,367. The company has a market cap of $15,520.00, a P/E ratio of 45.12, a PEG ratio of 4.29 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 12 month low of $52.85 and a 12 month high of $63.60.

The firm also recently disclosed a jan 17 dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a $0.2125 dividend. This is a positive change from Realty Income’s previous jan 17 dividend of $0.21. This represents a yield of 4.48%. The ex-dividend date of this dividend is Friday, December 29th. Realty Income’s dividend payout ratio (DPR) is presently 209.02%.

In related news, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of O. Vanguard Group Inc. grew 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 worth $2,583,229,000 after purchasing an additional 834,811 shares in the last quarter. BlackRock Inc. boosted its position in shares of Realty Income by 3.9% during the 2nd quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after acquiring an additional 1,024,539 shares in the last quarter. Northern Trust Corp boosted its position in shares of Realty Income by 3.6% during the 2nd quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after acquiring an additional 164,326 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 worth $256,540,000 after acquiring an additional 437,803 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Realty Income by 8.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after purchasing an additional 322,239 shares during the period. Hedge funds and other institutional investors own 69.92% of the company’s stock.

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

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