Equities research analysts forecast that Realty Income Corp (NYSE:O) will announce $0.75 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Realty Income’s earnings, with estimates ranging from $0.74 to $0.79. Realty Income reported earnings of $0.76 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The company is expected to report its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Realty Income will report full-year earnings of $3.13 per share for the current year, with EPS estimates ranging from $3.13 to $3.14. For the next year, analysts anticipate that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.26 to $3.36. Zacks’ EPS averages are an average based on a survey of analysts that follow Realty Income.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $338.08 million during the quarter, compared to analyst estimates of $319.60 million. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share.

Several equities research analysts have recently commented on the company. ValuEngine raised Realty Income from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. JPMorgan Chase & Co. upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, September 17th. Zacks Investment Research raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Thursday, January 3rd. Bank of America raised Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, November 15th. Finally, Morgan Stanley downgraded Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price for the company. in a report on Monday, October 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.00.

Institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co lifted its stake in Realty Income by 35.6% in the 4th quarter. CENTRAL TRUST Co now owns 827 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 217 shares in the last quarter. First Hawaiian Bank increased its position in Realty Income by 24.2% in the 4th quarter. First Hawaiian Bank now owns 1,141 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 222 shares during the last quarter. Bell Rock Capital LLC acquired a new position in Realty Income in the 3rd quarter worth about $104,000. Moody National Bank Trust Division acquired a new position in Realty Income in the 3rd quarter worth about $136,000. Finally, Belpointe Asset Management LLC acquired a new position in Realty Income in the 3rd quarter worth about $136,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Realty Income stock traded up $0.19 during trading on Tuesday, hitting $64.12. The stock had a trading volume of 482,041 shares, compared to its average volume of 2,354,369. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 4.11 and a beta of 0.09. Realty Income has a fifty-two week low of $47.25 and a fifty-two week high of $66.91.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a $0.221 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.22. This represents a $2.65 annualized dividend and a yield of 4.14%. The ex-dividend date is Monday, December 31st. Realty Income’s dividend payout ratio is currently 86.60%.

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 5,600 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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