Wall Street analysts forecast that Realty Income Corp (NYSE:O) will post earnings of $0.77 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Realty Income’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.75. Realty Income also reported earnings per share of $0.77 during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Realty Income will report full-year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.05. For the next financial year, analysts expect that the firm will report earnings of $3.17 per share, with EPS estimates ranging from $3.11 to $3.23. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Realty Income.

Several analysts have recently weighed in on the company. B. Riley set a $56.00 target price on Realty Income and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Citigroup upgraded Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Realty Income currently has an average rating of “Hold” and an average target price of $64.09.

A number of hedge funds have recently modified their holdings of O. GSA Capital Partners LLP acquired a new position in Realty Income in the second quarter valued at approximately $429,000. QS Investors LLC boosted its stake in Realty Income by 48.0% in the second quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 7,300 shares during the period. Macquarie Group Ltd. boosted its stake in Realty Income by 112.5% in the second quarter. Macquarie Group Ltd. now owns 449,136 shares of the real estate investment trust’s stock valued at $24,783,000 after acquiring an additional 237,774 shares during the period. Shelton Capital Management acquired a new position in Realty Income in the second quarter valued at approximately $209,000. Finally, Janus Henderson Group PLC boosted its stake in Realty Income by 52.9% in the second quarter. Janus Henderson Group PLC now owns 88,888 shares of the real estate investment trust’s stock valued at $4,905,000 after acquiring an additional 30,742 shares during the period. Institutional investors own 70.26% of the company’s stock.

Shares of Realty Income (NYSE O) opened at $48.90 on Thursday. 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 firm has a market capitalization of $13,779.29, a PE ratio of 40.08, a PEG ratio of 3.54 and a beta of 0.14. Realty Income has a 52 week low of $47.42 and a 52 week high of $63.60.

The company also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.219 dividend. This represents a yield of 0.00413675859463544%. This is an increase from Realty Income’s previous feb 18 dividend of $0.21. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s dividend payout ratio (DPR) is 215.57%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect Realty Income Corp (O) Will Post Earnings of $0.77 Per Share” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2018/02/11/brokerages-expect-realty-income-corp-o-will-post-earnings-of-0-77-per-share.html.

Realty Income Company Profile

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.

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

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

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

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