$0.86 EPS Expected for Realty Income Co. (NYSE:O) This Quarter

Wall Street analysts expect Realty Income Co. (NYSE:O) to post earnings per share of $0.86 for the current quarter, according to Zacks. Six analysts have issued estimates for Realty Income’s earnings, with estimates ranging from $0.86 to $0.87. Realty Income also reported earnings per share of $0.86 during the same quarter last year. The business is scheduled to issue its next earnings report on Monday, August 2nd.

According to Zacks, analysts expect that Realty Income will report full year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.34 to $3.51. For the next fiscal year, analysts expect that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.60 to $3.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side 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 earnings per share for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $413.59 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Mizuho upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Thursday, June 3rd. BMO Capital Markets cut shares of Realty Income from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 6th. Finally, Morgan Stanley upped their price target on shares of Realty Income from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, June 3rd. 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 stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.75.

A number of institutional investors have recently bought and sold shares of the business. Riverstone Advisors LLC lifted its position in shares of Realty Income by 11.3% in the first quarter. Riverstone Advisors LLC now owns 55,198 shares of the real estate investment trust’s stock valued at $3,505,000 after acquiring an additional 5,598 shares in the last quarter. Insight Folios Inc lifted its position in Realty Income by 4.1% during the first quarter. Insight Folios Inc now owns 60,515 shares of the real estate investment trust’s stock worth $3,843,000 after buying an additional 2,408 shares during the period. Virtus ETF Advisers LLC lifted its position in Realty Income by 13.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 22,947 shares of the real estate investment trust’s stock worth $1,427,000 after buying an additional 2,650 shares during the period. Founders Financial Alliance LLC increased its stake in Realty Income by 9.3% during the fourth quarter. Founders Financial Alliance LLC now owns 8,697 shares of the real estate investment trust’s stock worth $540,000 after acquiring an additional 740 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $205,000. 70.30% of the stock is currently owned by institutional investors.

O traded down $0.86 during trading hours on Friday, hitting $70.22. The company’s stock had a trading volume of 145,994 shares, compared to its average volume of 3,200,850. The firm has a 50-day moving average of $67.71. Realty Income has a 12 month low of $56.33 and a 12 month high of $71.84. The firm has a market cap of $26.23 billion, a PE ratio of 72.29, a price-to-earnings-growth ratio of 5.09 and a beta of 0.73. 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 firm also recently disclosed a may 21 dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be issued a dividend of $0.235 per share. This represents a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 28th. Realty Income’s dividend payout ratio is presently 83.19%.

Realty Income Company Profile

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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