Realty Income (NYSE:O) will issue its quarterly earnings data after the market closes on Wednesday, October 31st. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Realty Income has set its FY18 guidance at $3.16-3.21 EPS.
Realty Income (NYSE:O) last released its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). The business had revenue of $328.90 million during the quarter, compared to the consensus estimate of $311.95 million. Realty Income had a net margin of 25.96% and a return on equity of 5.05%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. On average, analysts expect Realty Income to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Realty Income stock opened at $61.30 on Tuesday. The firm has a market capitalization of $17.32 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 4.45 and a beta of 0.11. Realty Income has a 1-year low of $47.25 and a 1-year high of $61.34. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.
A number of research firms recently weighed in on O. Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Janney Montgomery Scott downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Wells Fargo & Co set a $65.00 target price on shares of Realty Income and gave the company a “buy” rating in a research report on Tuesday, September 4th. ValuEngine raised shares of Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, September 17th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Realty Income currently has a consensus rating of “Hold” and an average price target of $56.51.
In other news, CEO John Case sold 35,000 shares of Realty Income stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.70, for a total value of $2,019,500.00. Following the completion of the transaction, the chief executive officer now owns 158,961 shares of the company’s stock, valued at approximately $9,172,049.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 9,000 shares of Realty Income stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the transaction, the director now directly owns 18,757 shares of the company’s stock, valued at approximately $1,098,409.92. The disclosure for this sale can be found here. In the last three months, insiders sold 89,067 shares of company stock valued at $5,142,150. Insiders own 0.20% of the company’s stock.
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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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