Realty Income (NYSE:O) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Realty Income (NYSE:O) announced its quarterly earnings results on Sunday. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04), MarketWatch Earnings reports. The business had revenue of $442.80 million during the quarter, compared to the consensus estimate of $413.59 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS.

O traded up $0.42 during trading on Tuesday, reaching $69.10. 103,353 shares of the company’s stock were exchanged, compared to its average volume of 3,112,129. The company’s fifty day moving average price is $65.77 and its 200-day moving average price is $61.87. The firm has a market capitalization of $25.81 billion, a PE ratio of 57.15, a P/E/G ratio of 4.80 and a beta of 0.64. Realty Income has a fifty-two week low of $47.68 and a fifty-two week high of $71.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.77 and a current ratio of 4.77.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Monday, May 3rd will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.82 dividend on an annualized basis and a yield of 4.08%. Realty Income’s payout ratio is presently 84.94%.

O has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on Realty Income in a research note on Friday, January 22nd. They set a “conviction-buy” rating for the company. Morgan Stanley lifted their price target on shares of Realty Income from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, April 21st. Finally, Mizuho boosted their price target on shares of Realty Income from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 19th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.78.

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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

Read More: The basics of gap trading strategies

Earnings History 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.