Wall Street analysts predict that Realty Income Co. (NYSE:O) will report $446.46 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Realty Income’s earnings, with the highest sales estimate coming in at $452.27 million and the lowest estimate coming in at $443.24 million. Realty Income posted sales of $414.64 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The business is expected to announce its next quarterly earnings results on Monday, August 2nd.
On average, analysts expect that Realty Income will report full-year sales of $1.86 billion for the current fiscal year, with estimates ranging from $1.77 billion to $2.14 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.97 billion, with estimates ranging from $1.78 billion to $2.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Realty Income.
Realty Income (NYSE:O) last issued its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Realty Income had a return on equity of 3.17% and a net margin of 20.51%. The business had revenue of $442.80 million during the quarter, compared to analyst estimates of $413.59 million. During the same quarter last year, the company posted $0.88 EPS. Realty Income’s quarterly revenue was up 6.9% compared to the same quarter last year.
Shares of NYSE O traded down $0.86 during midday trading on Tuesday, reaching $70.22. 145,994 shares of the stock were exchanged, compared to its average volume of 3,200,850. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 72.29, a price-to-earnings-growth ratio of 5.09 and a beta of 0.73. Realty Income has a twelve month low of $56.33 and a twelve month high of $71.84. The firm has a 50-day moving average price of $67.71. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.74.
The firm also recently announced a may 21 dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.235 per share. The ex-dividend date is Friday, May 28th. This represents a dividend yield of 4.2%. Realty Income’s dividend payout ratio (DPR) is 83.19%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Proquility Private Wealth Partners LLC raised its holdings in shares of Realty Income by 248.1% during the 1st quarter. Proquility Private Wealth Partners LLC now owns 25,311 shares of the real estate investment trust’s stock worth $1,607,000 after acquiring an additional 18,040 shares during the period. Schroder Investment Management Group raised its holdings in shares of Realty Income by 95.0% during the 1st quarter. Schroder Investment Management Group now owns 61,752 shares of the real estate investment trust’s stock worth $3,922,000 after acquiring an additional 30,090 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Realty Income by 12.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 4,836 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 523 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Realty Income by 16.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 8,093 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 1,171 shares during the period. Finally, Pendal Group Limited raised its holdings in shares of Realty Income by 8.5% during the 1st quarter. Pendal Group Limited now owns 7,862 shares of the real estate investment trust’s stock worth $499,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 70.30% of the company’s stock.
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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
Further Reading: Bond
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.