Equities research analysts expect Realty Income Corp (NYSE:O) to report $334.21 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Realty Income’s earnings. The highest sales estimate is $339.42 million and the lowest is $326.81 million. Realty Income reported sales of $306.92 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Realty Income will report full-year sales of $1.31 billion for the current year, with estimates ranging from $1.27 billion to $1.33 billion. For the next financial year, analysts forecast that the company will post sales of $1.41 billion, with estimates ranging from $1.32 billion to $1.45 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Realty Income.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.45). Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The firm had revenue of $328.90 million for the quarter, compared to analysts’ expectations of $311.95 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 17th. Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Mizuho set a $58.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Monday, August 13th. Finally, Wells Fargo & Co set a $65.00 price target on shares of Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $58.19.

Shares of O stock traded down $0.64 during mid-day trading on Friday, hitting $55.82. 1,351,208 shares of the stock were exchanged, compared to its average volume of 1,918,852. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. Realty Income has a 52-week low of $47.25 and a 52-week high of $59.24. The firm has a market cap of $16.28 billion, a P/E ratio of 18.46, a PEG ratio of 3.98 and a beta of 0.10.

The firm also recently disclosed a oct 18 dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a $0.2205 dividend. This is an increase from Realty Income’s previous oct 18 dividend of $0.22. The ex-dividend date is Friday, September 28th. This represents a yield of 4.62%. Realty Income’s dividend payout ratio is presently 86.27%.

In other Realty Income news, CEO John Case sold 35,000 shares of the 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 sale, the chief executive officer now owns 158,961 shares in the company, valued at approximately $9,172,049.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 9,000 shares of the 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 sale, the director now 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 quarter, insiders sold 89,067 shares of company stock valued at $5,142,150. 0.20% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. BP PLC acquired a new stake in shares of Realty Income during the 2nd quarter worth approximately $1,989,000. Envestnet Asset Management Inc. increased its holdings in shares of Realty Income by 141.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,642 shares of the real estate investment trust’s stock worth $17,622,000 after buying an additional 192,039 shares during the last quarter. Schnieders Capital Management LLC increased its holdings in shares of Realty Income by 6.8% during the 2nd quarter. Schnieders Capital Management LLC now owns 38,858 shares of the real estate investment trust’s stock worth $2,090,000 after buying an additional 2,464 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Realty Income by 9.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 946,942 shares of the real estate investment trust’s stock worth $51,118,000 after buying an additional 83,948 shares during the last quarter. Finally, Tredje AP fonden acquired a new stake in shares of Realty Income during the 2nd quarter worth approximately $959,000. Institutional investors own 68.16% 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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Earnings History and Estimates for Realty Income (NYSE:O)

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