Realty Income (O) Set to Announce Quarterly Earnings on Tuesday

Realty Income (NYSE:OGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Realty Income Stock Down 0.2 %

Shares of Realty Income stock opened at $52.67 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.64. The firm has a market cap of $38.13 billion, a P/E ratio of 39.90, a P/E/G ratio of 3.94 and a beta of 0.94. Realty Income has a fifty-two week low of $45.03 and a fifty-two week high of $67.35. The business has a 50-day moving average price of $56.26 and a 200 day moving average price of $54.46.

Realty Income Dividend Announcement

The company also recently disclosed a feb 24 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.2565 dividend. This represents a yield of 5.2%. The ex-dividend date is Wednesday, January 31st. Realty Income’s dividend payout ratio is currently 233.33%.

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Scotiabank lowered Realty Income from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $61.00 to $54.00 in a report on Monday, October 16th. Mizuho upped their target price on Realty Income from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Wednesday, December 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $61.91.

View Our Latest Report on O

Insider Activity

In other news, Director A. Larry Chapman sold 3,500 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.98, for a total value of $199,430.00. Following the completion of the sale, the director now owns 10,590 shares in the company, valued at $603,418.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new position in shares of Realty Income in the fourth quarter worth $25,000. Providence Capital Advisors LLC increased its stake in shares of Realty Income by 6,231.4% in the first quarter. Providence Capital Advisors LLC now owns 2,216 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 2,181 shares during the last quarter. Quarry LP acquired a new position in shares of Realty Income in the first quarter worth $40,000. ICA Group Wealth Management LLC increased its position in Realty Income by 80.5% during the first quarter. ICA Group Wealth Management LLC now owns 749 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 334 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Realty Income by 13.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Realty Income Company Profile

(Get Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.

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Earnings History for Realty Income (NYSE:O)

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