Wall Street analysts expect Realty Income Corporation (NYSE:O) to announce earnings of $0.76 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Realty Income Corporation’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.70. Realty Income Corporation posted earnings per share of $0.71 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, July 26th.
On average, analysts expect that Realty Income Corporation will report full-year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.04. For the next fiscal year, analysts anticipate that the company will post earnings of $3.17 per share, with EPS estimates ranging from $3.10 to $3.22. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Realty Income Corporation.
Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Realty Income Corporation had a return on equity of 5.16% and a net margin of 29.47%. The firm had revenue of $298.03 million for the quarter, compared to analysts’ expectations of $281.11 million. During the same quarter last year, the firm posted $0.70 EPS. The company’s revenue was up 11.6% compared to the same quarter last year.
A number of brokerages recently weighed in on O. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Canaccord Genuity started coverage on shares of Realty Income Corporation in a report on Tuesday. They set a “buy” rating and a $61.00 price target for the company. Morgan Stanley upped their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday. FBR & Co started coverage on shares of Realty Income Corporation in a research report on Monday. They set a “market perform” rating and a $56.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.20.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the sale, the director now directly owns 20,513 shares in the company, valued at $1,153,445.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in O. Koshinski Asset Management Inc. acquired a new stake in shares of Realty Income Corporation during the first quarter valued at about $202,000. Gulf International Bank UK Ltd raised its stake in Realty Income Corporation by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 78,172 shares of the real estate investment trust’s stock valued at $4,653,000 after buying an additional 1,200 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Realty Income Corporation by 0.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 60,203 shares of the real estate investment trust’s stock valued at $3,584,000 after buying an additional 346 shares during the last quarter. Sheets Smith Wealth Management raised its stake in Realty Income Corporation by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 30 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Realty Income Corporation by 1.7% in the first quarter. Raymond James Trust N.A. now owns 13,857 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.
Shares of Realty Income Corporation (O) traded up 0.31% during trading on Friday, hitting $57.50. The stock had a trading volume of 110,961 shares. The company has a market cap of $15.70 billion, a PE ratio of 50.09 and a beta of 0.31. The stock has a 50 day moving average of $55.74 and a 200 day moving average of $58.14. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $72.30.
The business also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. This represents a yield of 4.63%. The ex-dividend date of this dividend is Friday, July 28th. Realty Income Corporation’s payout ratio is presently 222.81%.
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About Realty Income Corporation
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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