Wall Street brokerages predict that Realty Income Co. (NYSE:O) will report $312.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Realty Income’s earnings, with the highest sales estimate coming in at $324.15 million and the lowest estimate coming in at $299.80 million. Realty Income reported sales of $298.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that Realty Income will report full year sales of $312.45 million for the current financial year, with estimates ranging from $1.20 billion to $1.33 billion. For the next year, analysts anticipate that the business will post sales of $1.36 billion per share, with estimates ranging from $1.22 billion to $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Realty Income.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year.
A number of research firms have weighed in on O. DA Davidson upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday, March 28th. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research report on Friday, March 2nd. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lowered their target price on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, Citigroup raised shares of Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.51.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the sale, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at $883,387.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. IFG Advisory LLC purchased a new stake in Realty Income in the fourth quarter worth about $323,000. We Are One Seven LLC purchased a new stake in Realty Income in the fourth quarter worth about $102,000. San Francisco Sentry Investment Group CA lifted its stake in Realty Income by 500.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,500 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Realty Income in the third quarter worth about $130,000. Finally, JFS Wealth Advisors LLC lifted its stake in Realty Income by 77.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 997 shares during the period. 70.97% of the stock is owned by institutional investors.
O stock traded down $0.19 during mid-day trading on Monday, reaching $51.89. 1,352,010 shares of the stock traded hands, compared to its average volume of 2,284,940. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. Realty Income has a one year low of $47.25 and a one year high of $62.31. The stock has a market capitalization of $14,803.51, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.97 and a beta of 0.18.
The business also recently announced a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.2195 per share. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. This represents a dividend yield of 5.15%. The ex-dividend date is Thursday, March 29th. Realty Income’s payout ratio is currently 85.95%.
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About Realty Income
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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