Wall Street analysts predict that Realty Income Co. (NYSE:O) will report sales of $316.38 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Realty Income’s earnings, with the lowest sales estimate coming in at $299.80 million and the highest estimate coming in at $324.45 million. Realty Income posted sales of $298.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The business is expected to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Realty Income will report full year sales of $316.38 million for the current fiscal year, with estimates ranging from $1.20 billion to $1.33 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.36 billion per share, with estimates ranging from $1.22 billion to $1.43 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Realty Income.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. During the same period last year, the firm earned $0.33 EPS. Realty Income’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Shares of Realty Income stock traded down $0.57 during trading on Friday, reaching $50.90. The company had a trading volume of 1,737,336 shares, compared to its average volume of 2,407,778. Realty Income has a one year low of $47.25 and a one year high of $62.31. The company has a market cap of $14,630.12, a PE ratio of 45.86, a P/E/G ratio of 3.92 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.
The firm also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be paid a $0.2195 dividend. This represents a yield of 5.15%. The ex-dividend date is Thursday, March 29th. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s dividend payout ratio is presently 236.94%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 17,531 shares in the company, valued at approximately $883,387.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
Several institutional investors have recently modified their holdings of O. ETRADE Capital Management LLC grew its position in Realty Income by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock worth $952,000 after acquiring an additional 897 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Realty Income by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock worth $2,103,000 after acquiring an additional 900 shares in the last quarter. Texas Permanent School Fund grew its position in Realty Income by 1.3% in the fourth quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock worth $4,386,000 after acquiring an additional 971 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Realty Income by 5.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 17,979 shares of the real estate investment trust’s stock worth $1,115,000 after acquiring an additional 972 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its position in Realty Income by 77.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 997 shares in the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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