Wall Street analysts expect that Realty Income Co. (NYSE:O) will report sales of $321.61 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Realty Income’s earnings, with the highest sales estimate coming in at $324.15 million and the lowest estimate coming in at $320.30 million. Realty Income reported sales of $298.03 million in the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Realty Income will report full year sales of $1.31 billion for the current year, with estimates ranging from $1.30 billion to $1.33 billion. For the next financial year, analysts expect that the business will post sales of $1.41 billion per share, with estimates ranging from $1.38 billion to $1.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Realty Income.
Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (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 firm had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same quarter last year, the company posted $0.33 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis.
NYSE:O traded down $0.64 during mid-day trading on Thursday, reaching $49.53. The stock had a trading volume of 1,973,298 shares, compared to its average volume of 1,489,261. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. The company has a market cap of $14,078.70, a P/E ratio of 16.19, a PEG ratio of 3.56 and a beta of 0.18. Realty Income has a twelve month low of $47.25 and a twelve month high of $62.10.
The business also recently declared a may 18 dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.2195 per share. The ex-dividend date is Monday, April 30th. This represents a dividend yield of 5.25%. Realty Income’s payout ratio is 85.95%.
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 shares were sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the sale, the executive vice president now directly owns 17,531 shares in the company, valued at approximately $883,387.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of O. We Are One Seven LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $102,000. JFS Wealth Advisors LLC raised its position in shares of Realty Income by 77.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 997 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $158,000. Advisors Preferred LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $166,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 70.96% of the company’s stock.
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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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