Analysts Expect Realty Income Co. (NYSE:O) to Announce $0.86 EPS

Wall Street brokerages expect that Realty Income Co. (NYSE:O) will announce earnings of $0.86 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Realty Income’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.86. Realty Income also reported earnings of $0.86 per share in the same quarter last year. The company is scheduled to report its next earnings results on Monday, August 2nd.

On average, analysts expect that Realty Income will report full-year earnings of $3.46 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.51. For the next year, analysts expect that the business will post earnings of $3.67 per share, with EPS estimates ranging from $3.60 to $3.75. Zacks’ EPS calculations are an average based on a survey of analysts that follow Realty Income.

Realty Income (NYSE:O) last announced its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Realty Income had a return on equity of 3.17% and a net margin of 20.51%. The business had revenue of $442.80 million for the quarter, compared to analyst estimates of $413.59 million. During the same quarter last year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year.

Several research analysts recently commented on the stock. BMO Capital Markets downgraded shares of Realty Income from an “outperform” rating to a “market perform” rating in a report on Thursday, May 6th. Morgan Stanley raised their price target on Realty Income from $74.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, June 3rd. Finally, Mizuho upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Thursday, June 3rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Realty Income presently has an average rating of “Buy” and an average price target of $71.75.

Shares of Realty Income stock traded down $0.86 on Friday, reaching $70.22. The stock had a trading volume of 145,994 shares, compared to its average volume of 3,200,850. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $67.71. The company has a market capitalization of $26.23 billion, a PE ratio of 72.29, a P/E/G ratio of 5.09 and a beta of 0.73. Realty Income has a fifty-two week low of $56.33 and a fifty-two week high of $71.84.

The firm also recently declared a may 21 dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be paid a $0.235 dividend. This represents a yield of 4.2%. The ex-dividend date is Friday, May 28th. Realty Income’s dividend payout ratio (DPR) is presently 83.19%.

Several hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC bought a new position in Realty Income during the 1st quarter worth $25,000. Safeguard Investment Advisory Group LLC bought a new stake in Realty Income in the 4th quarter valued at about $26,000. Capital Asset Advisory Services LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $31,000. Vantage Consulting Group Inc bought a new position in shares of Realty Income during the fourth quarter worth approximately $32,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. 70.30% of the stock is owned by institutional investors and hedge funds.

About Realty Income

Realty Income, The Monthly Dividend Company, 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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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

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