Wall Street brokerages predict that Realty Income Co. (NYSE:O) will post earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Realty Income’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.78. Realty Income posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Realty Income will report full-year earnings of $3.16 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 $3.27 per share, with EPS estimates ranging from $3.23 to $3.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Realty Income.

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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 for the quarter, topping the consensus estimate of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The firm had revenue of $298.90 million during the quarter, compared to the consensus estimate of $301.53 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.

Several research analysts recently weighed in on the stock. Mizuho restated a “hold” rating and set a $53.00 price target on shares of Realty Income in a research report on Friday, March 2nd. Stifel Nicolaus dropped their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. DA Davidson raised shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, March 28th. B. Riley set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Finally, Citigroup raised shares of Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.51.

In other news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were 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 of the company’s stock, valued at approximately $883,387.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC acquired a new position in shares of Realty Income in the 3rd quarter worth approximately $408,000. California Public Employees Retirement System lifted its holdings in shares of Realty Income by 8.7% in the 3rd quarter. California Public Employees Retirement System now owns 559,855 shares of the real estate investment trust’s stock worth $32,018,000 after acquiring an additional 44,816 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Realty Income by 79.2% in the 3rd quarter. GSA Capital Partners LLP now owns 13,943 shares of the real estate investment trust’s stock worth $797,000 after acquiring an additional 6,161 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Realty Income by 4.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 144,436 shares of the real estate investment trust’s stock worth $8,260,000 after acquiring an additional 5,567 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Realty Income by 16.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 448,710 shares of the real estate investment trust’s stock worth $25,662,000 after acquiring an additional 62,446 shares during the last quarter. 70.96% of the stock is owned by institutional investors and hedge funds.

O opened at $51.08 on Tuesday. Realty Income has a twelve month low of $47.25 and a twelve month high of $62.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $14,442.51, a P/E ratio of 16.69, a P/E/G ratio of 3.87 and a beta of 0.18.

The firm also recently disclosed a apr 18 dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were paid a dividend of $0.2195 per share. This represents a yield of 5.15%. The ex-dividend date was Thursday, March 29th. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s dividend payout ratio is currently 85.95%.

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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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Earnings History and Estimates for Realty Income (NYSE:O)

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