Realty Income Corp (NYSE:O) – Research analysts at Capital One Financial issued their Q1 2021 earnings estimates for shares of Realty Income in a research note issued to investors on Monday, August 5th. Capital One Financial analyst C. Lucas forecasts that the real estate investment trust will earn $0.89 per share for the quarter. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Realty Income’s Q2 2021 earnings at $0.89 EPS.
Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $365.50 million during 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 8.98%. Realty Income’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS.
O opened at $70.99 on Thursday. Realty Income has a 1-year low of $55.55 and a 1-year high of $74.14. The stock has a 50 day moving average price of $70.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 5.26 and a beta of 0.12.
The business also recently disclosed a aug 19 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.2265 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. Realty Income’s payout ratio is currently 85.27%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,631 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the transaction, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at approximately $905,808.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the transaction, the director now directly owns 18,075 shares of the company’s stock, valued at $1,278,264. The disclosure for this sale can be found here. Insiders sold a total of 19,460 shares of company stock valued at $1,366,521 over the last ninety days. 0.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Realty Income by 16.3% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 123,337 shares of the real estate investment trust’s stock valued at $8,507,000 after acquiring an additional 17,279 shares during the period. BB&T Securities LLC grew its stake in Realty Income by 0.3% in the 2nd quarter. BB&T Securities LLC now owns 136,802 shares of the real estate investment trust’s stock valued at $9,435,000 after acquiring an additional 448 shares during the period. Nvwm LLC acquired a new stake in Realty Income in the 2nd quarter valued at $67,000. Keystone Financial Group grew its stake in Realty Income by 6.0% in the 2nd quarter. Keystone Financial Group now owns 3,084 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 175 shares during the period. Finally, Elmwood Wealth Management Inc. acquired a new stake in Realty Income in the 2nd quarter valued at $117,000. 69.03% of the stock is owned by institutional investors.
Realty Income Company Profile
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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