Zacks: Analysts Expect Realty Income Corp (O) to Announce $0.79 Earnings Per Share

Brokerages expect that Realty Income Corp (NYSE:O) will report $0.79 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Realty Income’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.79. Realty Income reported earnings per share of $0.77 during the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The business is scheduled to report its next earnings report on Wednesday, October 24th.

On average, analysts expect that Realty Income will report full year earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.15 to $3.20. For the next fiscal year, analysts anticipate that the business will report earnings of $3.27 per share, with EPS estimates ranging from $3.22 to $3.33. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Realty Income.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). Realty Income had a net margin of 25.96% and a return on equity of 5.05%. The firm had revenue of $328.90 million during the quarter, compared to the consensus estimate of $311.95 million. During the same quarter last year, the business posted $0.76 earnings per share. Realty Income’s revenue was up 9.6% compared to the same quarter last year.

A number of research firms have recently commented on O. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. ValuEngine upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Mizuho set a $58.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research report on Monday. DA Davidson set a $65.00 target price on shares of Realty Income and gave the company a “buy” rating in a research report on Thursday, May 10th. Finally, Bank of America lifted their target price on shares of Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.90.

Shares of O stock traded up $0.59 during trading hours on Thursday, reaching $58.20. The stock had a trading volume of 1,206,494 shares, compared to its average volume of 1,982,850. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87. Realty Income has a 12 month low of $47.25 and a 12 month high of $60.05. The firm has a market capitalization of $16.39 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.16.

The business also recently announced a aug 18 dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, July 31st. This represents a yield of 4.73%. Realty Income’s payout ratio is presently 86.27%.

In other news, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $52.55, for a total value of $210,200.00. Following the completion of the sale, the director now directly owns 78,000 shares in the company, valued at approximately $4,098,900. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sumit Roy sold 18,682 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.49, for a total transaction of $1,074,028.18. Following the completion of the sale, the chief operating officer now owns 70,041 shares of the company’s stock, valued at $4,026,657.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,967 shares of company stock valued at $4,645,510. 0.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in O. Summit Trail Advisors LLC lifted its holdings in shares of Realty Income by 3,303.4% in the 1st quarter. Summit Trail Advisors LLC now owns 106,458 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 103,330 shares during the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Realty Income in the 1st quarter worth approximately $111,000. Clarus Wealth Advisors bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $114,000. Centaurus Financial Inc. bought a new stake in shares of Realty Income in the 1st quarter worth approximately $125,000. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Realty Income by 135.7% in the 1st quarter. Perigon Wealth Management LLC now owns 2,659 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 1,531 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

About Realty Income

Realty Income, The Monthly Dividend Company<sup>®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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