Realty Income Co. (O) Expected to Post Quarterly Sales of $312.45 Million

Wall Street brokerages forecast that Realty Income Co. (NYSE:O) will report sales of $312.45 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Realty Income’s earnings, with estimates ranging from $299.80 million to $324.15 million. Realty Income posted sales of $298.03 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Realty Income will report full-year sales of $312.45 million for the current year, with estimates ranging from $1.20 billion to $1.33 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.36 billion per share, with estimates ranging from $1.22 billion to $1.43 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Realty Income.

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Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The firm had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.

A number of equities analysts have recently issued reports on the company. Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup upgraded Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, March 28th. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.51.

Shares of O stock traded down $0.29 during mid-day trading on Monday, reaching $52.08. 1,574,502 shares of the stock traded hands, compared to its average volume of 1,732,904. Realty Income has a 1-year low of $47.25 and a 1-year high of $62.31. The firm has a market capitalization of $14,885.94, a price-to-earnings ratio of 17.02, a PEG ratio of 3.99 and a beta of 0.18. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83.

The business also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.2195 per share. This represents a dividend yield of 5.15%. This is an increase from Realty Income’s previous apr 18 dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 29th. Realty Income’s dividend payout ratio (DPR) is 85.95%.

In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of Realty Income stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total value of $114,687.64. Following the completion of the sale, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Realty Income by 13.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 247,177 shares of the real estate investment trust’s stock worth $14,094,000 after purchasing an additional 28,957 shares in the last quarter. Certified Advisory Corp bought a new stake in Realty Income in the fourth quarter worth approximately $414,000. Hanson McClain Inc. increased its holdings in Realty Income by 103.9% in the fourth quarter. Hanson McClain Inc. now owns 8,542 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 4,352 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Realty Income by 6.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 61,713 shares of the real estate investment trust’s stock worth $3,519,000 after purchasing an additional 4,009 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Realty Income by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 193,644 shares of the real estate investment trust’s stock worth $11,043,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 70.97% of the company’s stock.

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Realty Income Company Profile

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 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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