Realty Income Corp (NYSE:O) – DA Davidson lowered their Q2 2019 earnings per share estimates for shares of Realty Income in a research report issued on Wednesday, May 8th. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings per share of $0.81 for the quarter, down from their previous estimate of $0.82. DA Davidson also issued estimates for Realty Income’s Q3 2019 earnings at $0.82 EPS and FY2019 earnings at $3.28 EPS.
Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The company had revenue of $354.40 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis.
A number of other analysts have also recently issued reports on O. Stifel Nicolaus raised their price objective on Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Capital One Financial raised Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Wells Fargo & Co raised their price objective on Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $70.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Tuesday, February 26th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $61.83.
O opened at $66.82 on Thursday. Realty Income has a 12-month low of $51.17 and a 12-month high of $74.14. The company has a market capitalization of $20.50 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 5.05 and a beta of 0.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.
A number of institutional investors have recently bought and sold shares of O. Vanguard Group Inc boosted its holdings in shares of Realty Income by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 45,658,463 shares of the real estate investment trust’s stock valued at $2,597,510,000 after purchasing an additional 539,460 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Realty Income by 6.1% in the 4th quarter. BlackRock Inc. now owns 35,007,804 shares of the real estate investment trust’s stock valued at $2,206,892,000 after purchasing an additional 2,011,652 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Realty Income by 190.7% in the 4th quarter. Cohen & Steers Inc. now owns 7,378,766 shares of the real estate investment trust’s stock valued at $465,157,000 after purchasing an additional 4,840,630 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Realty Income by 85.5% in the 4th quarter. Bank of America Corp DE now owns 5,672,755 shares of the real estate investment trust’s stock valued at $357,609,000 after purchasing an additional 2,613,842 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Realty Income by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,404,024 shares of the real estate investment trust’s stock valued at $277,633,000 after purchasing an additional 113,670 shares in the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.
The business also recently disclosed a may 19 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.226 per share. This represents a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from Realty Income’s previous may 19 dividend of $0.23. Realty Income’s dividend payout ratio (DPR) is 84.95%.
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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