Wall Street analysts expect that Realty Income Corp (NYSE:O) will announce earnings of $0.78 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Realty Income’s earnings. The lowest EPS estimate is $0.77 and the highest is $0.80. Realty Income posted earnings per share of $0.76 during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is scheduled to report its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Realty Income will report full-year earnings of $3.17 per share for the current financial year, with EPS estimates ranging from $3.13 to $3.23. For the next financial year, analysts expect that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $3.23 to $3.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Realty Income.
Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.44. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. Realty Income’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS.
In other news, EVP Benjamin N. Fox sold 2,276 shares of Realty Income stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total value of $114,687.64. Following the sale, the executive vice president now directly owns 17,531 shares in the company, valued at approximately $883,387.09. The sale was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $102,000. San Francisco Sentry Investment Group CA boosted its position in shares of Realty Income by 500.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 1,500 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $130,000. JFS Wealth Advisors LLC boosted its position in shares of Realty Income by 77.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 997 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $137,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.
Realty Income (NYSE:O) opened at $51.45 on Wednesday. The firm has a market capitalization of $14,620.00, a PE ratio of 46.77, a P/E/G ratio of 3.87 and a beta of 0.22. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. Realty Income has a 1-year low of $47.25 and a 1-year high of $62.31.
The firm also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be given a $0.2195 dividend. Realty Income’s dividend payout ratio is currently 239.09%.
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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