Realty Income (O) Issues FY 2018 Earnings Guidance

Realty Income (NYSE:O) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.18-3.21 for the period.

Shares of Realty Income stock traded down $1.13 during midday trading on Wednesday, hitting $60.27. The company had a trading volume of 4,850,541 shares, compared to its average volume of 2,017,039. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $17.32 billion, a P/E ratio of 19.70, a PEG ratio of 4.57 and a beta of 0.11. Realty Income has a 52-week low of $47.25 and a 52-week high of $61.99.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.45). Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The company had revenue of $328.90 million during the quarter, compared to analysts’ expectations of $311.95 million. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts expect that Realty Income will post 3.18 EPS for the current year.

The firm also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.2205 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a yield of 4.56%. Realty Income’s dividend payout ratio is 86.60%.

Several analysts have commented on the company. Mizuho set a $58.00 target price on Realty Income and gave the company a hold rating in a research note on Monday, August 13th. ValuEngine upgraded Realty Income from a hold rating to a buy rating in a research note on Tuesday, October 23rd. Bank of America increased their target price on Realty Income from $53.50 to $57.50 and gave the company a neutral rating in a research note on Monday, August 13th. Zacks Investment Research downgraded Realty Income from a hold rating to a sell rating in a research note on Tuesday, July 31st. Finally, Janney Montgomery Scott cut Realty Income from a buy rating to a neutral rating and set a $44.00 price target on the stock. in a report on Wednesday, August 29th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $56.51.

In related news, Director Gregory Mclaughlin sold 3,100 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total value of $179,800.00. Following the transaction, the director now directly owns 16,886 shares of the company’s stock, valued at approximately $979,388. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the transaction, the director now directly owns 18,757 shares in the company, valued at $1,098,409.92. The disclosure for this sale can be found here. Insiders have sold a total of 89,067 shares of company stock worth $5,142,150 over the last three months. Insiders own 0.20% 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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Earnings History and Estimates for Realty Income (NYSE:O)

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