Analysts Expect Realty Income Corp (O) to Announce $0.77 EPS

Equities research analysts predict that Realty Income Corp (NYSE:O) will post $0.77 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Realty Income’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.78. Realty Income also posted earnings per share of $0.77 in the same quarter last year. The company is expected to report its next earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Realty Income will report full year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.97 to $3.05. For the next financial year, analysts forecast that the business will report earnings of $3.17 per share, with EPS estimates ranging from $3.11 to $3.23. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Realty Income.

A number of brokerages have recently commented on O. B. Riley reissued a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. FBR & Co set a $56.00 price target on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a research report on Thursday, October 19th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Realty Income has an average rating of “Hold” and an average price target of $64.09.

Shares of Realty Income (O) traded up $0.17 on Thursday, hitting $49.09. The stock had a trading volume of 1,789,642 shares, compared to its average volume of 2,225,569. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Realty Income has a 12-month low of $48.32 and a 12-month high of $63.60. The company has a market cap of $13,800.00, a PE ratio of 40.24, a P/E/G ratio of 3.62 and a beta of 0.14.

The firm also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.219 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Realty Income’s previous feb 18 dividend of $0.21. This represents a yield of 0.00413675859463544%. Realty Income’s dividend payout ratio is 215.57%.

In related news, SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in Realty Income by 28.7% during the 4th quarter. Cetera Investment Advisers now owns 6,609 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 1,475 shares during the last quarter. Cetera Advisors LLC raised its stake in Realty Income by 26.5% during the 4th quarter. Cetera Advisors LLC now owns 45,201 shares of the real estate investment trust’s stock valued at $2,588,000 after buying an additional 9,460 shares during the last quarter. Sei Investments Co. raised its stake in Realty Income by 18.8% during the 4th quarter. Sei Investments Co. now owns 240,311 shares of the real estate investment trust’s stock valued at $13,702,000 after buying an additional 37,961 shares during the last quarter. Krueger & Catalano Capital Partners LLC purchased a new stake in Realty Income during the 4th quarter valued at $675,000. Finally, Texas Yale Capital Corp. raised its stake in Realty Income by 35.0% during the 4th quarter. Texas Yale Capital Corp. now owns 35,347 shares of the real estate investment trust’s stock valued at $2,015,000 after buying an additional 9,171 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

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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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