Zacks: Brokerages Anticipate Realty Income Co. (NYSE:O) to Post $0.98 EPS

Equities research analysts predict that Realty Income Co. (NYSE:O – Get Rating) will post earnings per share of $0.98 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Realty Income’s earnings, with estimates ranging from $0.97 to $0.99. Realty Income posted earnings of $0.88 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Realty Income will report full year earnings of $3.94 per share for the current financial year, with EPS estimates ranging from $3.89 to $3.99. For the next year, analysts anticipate that the business will post earnings of $4.07 per share, with EPS estimates ranging from $4.01 to $4.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Realty Income.

Realty Income (NYSE:O – Get Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.63). The company had revenue of $807.30 million for the quarter, compared to analyst estimates of $748.69 million. Realty Income had a return on equity of 2.44% and a net margin of 18.91%. The company’s revenue for the quarter was up 82.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share.

Several analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Realty Income from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, March 3rd. StockNews.com assumed coverage on shares of Realty Income in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research report on Monday, April 25th. TheStreet raised shares of Realty Income from a “c+” rating to a “b” rating in a research report on Wednesday, May 4th. Finally, Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, March 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Buy” and an average target price of $77.80.

Shares of O stock traded up $0.70 during trading on Wednesday, hitting $64.20. 36,864 shares of the stock traded hands, compared to its average volume of 3,753,571. The firm has a market capitalization of $38.62 billion, a P/E ratio of 62.65, a price-to-earnings-growth ratio of 3.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 1.95. The firm’s fifty day moving average price is $69.01 and its 200-day moving average price is $69.30. Realty Income has a 52-week low of $62.74 and a 52-week high of $75.40.

The company also recently announced a may 22 dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 2nd will be given a $0.247 dividend. The ex-dividend date is Friday, April 29th. Realty Income’s payout ratio is 290.20%.

Several institutional investors have recently bought and sold shares of the company. TFG Advisers LLC increased its position in shares of Realty Income by 1.1% during the first quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 134 shares during the period. Campion Asset Management increased its position in shares of Realty Income by 3.7% during the third quarter. Campion Asset Management now owns 4,225 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 150 shares during the period. SignalPoint Asset Management LLC increased its position in shares of Realty Income by 2.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 6,589 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 151 shares during the period. Larson Financial Group LLC increased its position in shares of Realty Income by 36.3% during the fourth quarter. Larson Financial Group LLC now owns 567 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 151 shares during the period. Finally, Whittier Trust Co. increased its position in shares of Realty Income by 8.1% during the fourth quarter. Whittier Trust Co. now owns 2,074 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 156 shares during the period. 76.46% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Company Profile (Get Rating)

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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