Realty Income Corp (O) Expected to Announce Quarterly Sales of $307.31 Million

Analysts expect that Realty Income Corp (NYSE:O) will announce $307.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Realty Income’s earnings. The highest sales estimate is $318.63 million and the lowest is $294.34 million. Realty Income reported sales of $287.84 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The company is expected to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Realty Income will report full-year sales of $307.31 million for the current fiscal year, with estimates ranging from $1.16 billion to $1.22 billion. For the next year, analysts anticipate that the company will post sales of $1.28 billion per share, with estimates ranging from $1.19 billion to $1.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Realty Income.

A number of equities analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. FBR & Co set a $56.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research note on Thursday, October 19th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Realty Income presently has a consensus rating of “Hold” and an average price target of $64.09.

Institutional investors have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA boosted its position in Realty Income by 500.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,500 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Realty Income in the 3rd quarter worth approximately $130,000. JFS Wealth Advisors LLC lifted its position in shares of Realty Income by 77.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 997 shares during the period. FNY Managed Accounts LLC purchased a new stake in shares of Realty Income in the 3rd quarter worth approximately $137,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Realty Income in the 4th quarter worth approximately $188,000. 70.26% of the stock is owned by institutional investors.

Realty Income (NYSE O) opened at $48.90 on Friday. Realty Income has a 52 week low of $47.42 and a 52 week high of $63.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market cap of $13,401.71, a PE ratio of 40.08, a P/E/G ratio of 3.44 and a beta of 0.14.

The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.219 dividend. This represents a yield of 0.00413675859463544%. This is a boost from Realty Income’s previous feb 18 dividend of $0.21. The ex-dividend date is Wednesday, January 31st. Realty Income’s payout ratio is 215.57%.

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About Realty Income

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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

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