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


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

Shares of NYSE:O traded up $0.53 during midday trading on Tuesday, hitting $69.21. 130,738 shares of the stock traded hands, compared to its average volume of 3,112,129. The stock has a market capitalization of $25.85 billion, a PE ratio of 57.15, a P/E/G ratio of 4.80 and a beta of 0.64. The business’s 50 day moving average is $65.77 and its two-hundred day moving average is $61.87. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.80. Realty Income has a one year low of $47.68 and a one year high of $71.84.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 14th. Stockholders of record on Monday, May 3rd will be paid a dividend of $0.235 per share. This represents a $2.82 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, April 30th. Realty Income’s dividend payout ratio (DPR) is 84.94%.

Several analysts have issued reports on the company. Mizuho upped their price objective on Realty Income from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, April 19th. The Goldman Sachs Group began coverage on Realty Income in a research note on Friday, January 22nd. They issued a “conviction-buy” rating for the company. Finally, Morgan Stanley raised their target price on Realty Income from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 21st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Realty Income presently has a consensus rating of “Buy” and a consensus price target of $69.78.

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

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Earnings History for Realty Income (NYSE:O)

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