Realty Income (NYSE:O) Announces Quarterly Earnings Results

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Realty Income (NYSE:O) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.51), Fidelity Earnings reports. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $369.86 million. During the same period last year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Realty Income updated its FY19 guidance to $3.29-3.34 EPS.

Shares of Realty Income stock opened at $80.16 on Tuesday. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 6.36 and a beta of 0.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day moving average price of $78.31 and a 200-day moving average price of $72.79. Realty Income has a one year low of $59.93 and a one year high of $82.17.

The business also recently announced a nov 19 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.227 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Realty Income’s dividend payout ratio (DPR) is 85.27%.

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 17th. Royal Bank of Canada set a $75.00 price objective on Realty Income and gave the stock a “hold” rating in a research note on Friday, October 18th. Stifel Nicolaus raised their price objective on Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Jefferies Financial Group began coverage on Realty Income in a research note on Thursday, October 10th. They set a “buy” rating and a $99.00 target price on the stock. Finally, Deutsche Bank began coverage on Realty Income in a research note on Tuesday, August 27th. They set a “hold” rating and a $73.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Realty Income presently has an average rating of “Buy” and a consensus price target of $79.60.

In related news, CFO Paul M. Meurer sold 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $75.33, for a total transaction of $753,300.00. Following the completion of the transaction, the chief financial officer now owns 30,468 shares in the company, valued at approximately $2,295,154.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director A. Larry Chapman sold 8,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total value of $600,720.00. Following the transaction, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

About Realty Income

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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Earnings History for Realty Income (NYSE:O)

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