Realty Income Corp (O) Expected to Post Earnings of $0.75 Per Share

Brokerages expect that Realty Income Corp (NYSE:O) will post earnings per share (EPS) of $0.75 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Realty Income Corp’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.77. Realty Income Corp reported earnings per share of $0.71 in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is expected to issue its next earnings report on Wednesday, July 26th.

On average, analysts expect that Realty Income Corp will report full-year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.93 to $3.04. For the next fiscal year, analysts forecast that the firm will report earnings of $3.17 per share, with EPS estimates ranging from $3.10 to $3.22. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Realty Income Corp.

Realty Income Corp (NYSE:O) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The firm had revenue of $298.03 million during the quarter, compared to analyst estimates of $281.11 million. Realty Income Corp had a net margin of 28.37% and a return on equity of 5.04%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 earnings per share.

Shares of Realty Income Corp (NYSE:O) traded up 0.09% during mid-day trading on Thursday, hitting $55.42. 1,568,752 shares of the stock were exchanged. The company has a 50-day moving average price of $56.86 and a 200-day moving average price of $58.21. Realty Income Corp has a 12 month low of $52.72 and a 12 month high of $72.29. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 48.28 and a beta of 0.37.

The firm also recently disclosed a jun 17 dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.211 per share. This represents a dividend yield of 4.71%. The ex-dividend date is Tuesday, May 23rd. Realty Income Corp’s payout ratio is 230.00%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.mideasttime.com/realty-income-corp-o-expected-to-post-earnings-of-0-75-per-share/1757467.html.

In related news, SVP Benjamin N. Fox sold 1,847 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $59.55, for a total transaction of $109,988.85. Following the completion of the transaction, the senior vice president now directly owns 17,432 shares in the company, valued at approximately $1,038,075.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sumit Roy sold 14,651 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $60.02, for a total value of $879,353.02. Following the transaction, the chief operating officer now owns 85,815 shares of the company’s stock, valued at $5,150,616.30. The disclosure for this sale can be found here. Insiders have sold a total of 77,241 shares of company stock valued at $4,617,465 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Founders Capital Management purchased a new position in shares of Realty Income Corp during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC purchased a new position in shares of Realty Income Corp during the first quarter worth approximately $119,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of Realty Income Corp during the first quarter worth approximately $144,000. IHT Wealth Management LLC boosted its position in shares of Realty Income Corp by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares during the period. Finally, Pinnacle Bank purchased a new position in shares of Realty Income Corp during the first quarter worth approximately $153,000. Institutional investors own 68.62% of the company’s stock.

About Realty Income Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “O”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Realty Income Corp (O)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Realty Income Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.