Equities research analysts expect Realty Income Corporation (NYSE:O) to report $308.05 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Realty Income Corporation’s earnings. The highest sales estimate is $318.37 million and the lowest is $294.34 million. Realty Income Corporation posted sales of $287.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is expected to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Realty Income Corporation will report full-year sales of $308.05 million for the current year, with estimates ranging from $1.16 billion to $1.23 billion. For the next financial year, analysts anticipate that the company will post sales of $1.28 billion per share, with estimates ranging from $1.19 billion to $1.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Realty Income Corporation.
Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to analysts’ expectations of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.
Several research analysts recently issued reports on O shares. Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. UBS AG raised Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research note on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research note on Wednesday, November 1st. Finally, Vetr cut Realty Income Corporation from a “buy” rating to a “hold” rating and set a $58.60 price objective on the stock. in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $65.43.
Realty Income Corporation (NYSE O) opened at $56.90 on Wednesday. The company has a market capitalization of $15,968.78, a P/E ratio of 18.52, a PEG ratio of 4.62 and a beta of 0.28. Realty Income Corporation has a 52 week low of $52.85 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio is currently 208.20%.
In other Realty Income Corporation news, SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares in the company, valued at $841,838.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the sale, the director now owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB lifted its holdings in shares of Realty Income Corporation by 2.2% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock valued at $3,300,000 after purchasing an additional 1,227 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Realty Income Corporation by 23.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after purchasing an additional 30,444 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in shares of Realty Income Corporation by 167.5% during the 2nd quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock valued at $2,908,000 after purchasing an additional 33,000 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Realty Income Corporation by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock valued at $124,609,000 after purchasing an additional 76,311 shares during the last quarter. Finally, QS Investors LLC lifted its holdings in shares of Realty Income Corporation by 48.0% during the 2nd quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock valued at $1,243,000 after purchasing an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 67.20% of the company’s stock.
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About Realty Income Corporation
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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