Wall Street analysts expect that Realty Income Corp (NYSE:O) will announce earnings per share (EPS) of $0.78 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Realty Income’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.77. Realty Income posted earnings per share of $0.76 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Realty Income will report full-year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.13 to $3.23. For the next financial year, analysts anticipate that the business will report earnings of $3.28 per share, with EPS estimates ranging from $3.23 to $3.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Realty Income.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.44. The company had revenue of $298.90 million during the quarter, compared to analysts’ expectations of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. Realty Income’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total value of $114,687.64. Following the completion of the transaction, the executive vice president now owns 17,531 shares of the company’s stock, valued at $883,387.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in O. Nationwide Fund Advisors boosted its stake in Realty Income by 1.7% during the third quarter. Nationwide Fund Advisors now owns 76,978 shares of the real estate investment trust’s stock valued at $4,402,000 after buying an additional 1,290 shares during the last quarter. Prudential Financial Inc. boosted its stake in Realty Income by 0.6% during the third quarter. Prudential Financial Inc. now owns 404,944 shares of the real estate investment trust’s stock valued at $23,159,000 after buying an additional 2,360 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its stake in Realty Income by 17.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 12,052 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 1,774 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Realty Income by 22.6% during the third quarter. BNP Paribas Arbitrage SA now owns 253,883 shares of the real estate investment trust’s stock valued at $14,520,000 after buying an additional 46,885 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Realty Income by 27.4% during the third quarter. Sei Investments Co. now owns 202,350 shares of the real estate investment trust’s stock valued at $11,572,000 after buying an additional 43,510 shares during the last quarter. 71.02% of the stock is owned by institutional investors.
Shares of Realty Income (NYSE:O) opened at $51.45 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $14,620.00, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.87 and a beta of 0.22. Realty Income has a 1 year low of $47.25 and a 1 year high of $62.31.
The firm also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be paid a $0.2195 dividend. Realty Income’s dividend payout ratio (DPR) is 239.09%.
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Realty Income Company Profile
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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