Realty Income (NYSE:O) Posts Earnings Results, Misses Estimates By $0.04 EPS


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Realty Income (NYSE:O) released its quarterly earnings data on Sunday. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $442.80 million during the quarter, compared to the consensus estimate of $413.59 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. Realty Income’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS.

Shares of O stock traded up $0.43 during trading on Tuesday, reaching $69.11. The company’s stock had a trading volume of 3,595,982 shares, compared to its average volume of 3,119,300. Realty Income has a one year low of $47.68 and a one year high of $71.84. The business has a fifty day moving average price of $65.77 and a 200-day moving average price of $61.87. The company has a market cap of $25.81 billion, a price-to-earnings ratio of 57.15, a price-to-earnings-growth ratio of 4.80 and a beta of 0.64. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.80.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 14th. Stockholders of record on Monday, May 3rd will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, April 30th. This represents a $2.82 annualized dividend and a dividend yield of 4.08%. Realty Income’s dividend payout ratio is currently 84.94%.

A number of equities research analysts have recently commented on the company. Mizuho raised their price target on Realty Income from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, April 19th. Morgan Stanley raised their target price on shares of Realty Income from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, April 21st. Finally, The Goldman Sachs Group started coverage on shares of Realty Income in a report on Friday, January 22nd. They issued a “conviction-buy” rating for the company. Four research 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 company. Realty Income has an average rating of “Buy” and an average target price of $69.78.

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 for Realty Income (NYSE:O)

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