Realty Income Corp (NYSE:O) Expected to Post Earnings of $0.83 Per Share

Analysts predict that Realty Income Corp (NYSE:O) will report earnings of $0.83 per share for the current quarter, Zacks reports. Nine analysts have provided estimates for Realty Income’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.83. Realty Income reported earnings of $0.81 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to report its next earnings report after the market closes on Monday, November 4th.

On average, analysts expect that Realty Income will report full year earnings of $3.29 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $3.30. For the next financial year, analysts forecast that the business will post earnings of $3.52 per share, with EPS estimates ranging from $3.43 to $3.60. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Realty Income.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The company had revenue of $365.50 million for the quarter, compared to analysts’ expectations of $344.42 million. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share.

A number of research firms recently weighed in on O. Deutsche Bank began coverage on shares of Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Realty Income in a report on Thursday. They issued a “buy” rating and a $99.00 price objective on the stock. ValuEngine cut shares of Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co set a $82.00 price objective on shares of Realty Income and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Standpoint Research increased their price objective on shares of Realty Income to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $76.70.

In related news, CFO Paul M. Meurer sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer now owns 30,468 shares in the company, valued at approximately $2,295,154.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 8,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the transaction, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in O. First Trust Advisors LP grew its position in Realty Income by 38.8% in the 1st quarter. First Trust Advisors LP now owns 670,866 shares of the real estate investment trust’s stock valued at $49,349,000 after buying an additional 187,626 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Realty Income by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 44,418 shares of the real estate investment trust’s stock valued at $3,267,000 after buying an additional 2,522 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Realty Income during the 1st quarter valued at about $108,000. AlphaCrest Capital Management LLC bought a new position in shares of Realty Income during the 1st quarter valued at about $452,000. Finally, Principal Financial Group Inc. boosted its position in shares of Realty Income by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 499,425 shares of the real estate investment trust’s stock valued at $36,738,000 after purchasing an additional 8,763 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Shares of NYSE:O opened at $77.89 on Wednesday. The stock has a market capitalization of $24.91 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 6.14 and a beta of 0.06. Realty Income has a 1-year low of $55.55 and a 1-year high of $78.97. The company’s fifty day moving average is $75.48 and its two-hundred day moving average is $71.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.23.

The company also recently disclosed a sep 19 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.227 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 3.6%. Realty Income’s dividend payout ratio (DPR) is presently 85.27%.

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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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