Realty Income (O) Releases FY18 Earnings Guidance

Realty Income (NYSE:O) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.16-3.21 for the period, compared to the Thomson Reuters consensus estimate of $3.18.

Several brokerages have weighed in on O. 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 note on Wednesday, August 29th. They noted that the move was a valuation call. 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 note on Monday, September 17th. Mitsubishi UFJ Financial Group upgraded shares of Realty Income from a neutral rating to an overweight rating and raised their target price for the company from $54.00 to $62.00 in a research note on Tuesday, July 10th. Wells Fargo & Co set a $65.00 target price on shares of Realty Income and gave the company a buy rating in a research note on Tuesday, September 4th. Finally, Morgan Stanley downgraded shares of Realty Income from an overweight rating to an equal rating and set a $31.00 price objective for the company. in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $56.47.

Shares of NYSE:O traded up $1.38 on Tuesday, hitting $57.55. 1,938,200 shares of the company were exchanged, compared to its average volume of 1,977,039. Realty Income has a 1-year low of $47.25 and a 1-year high of $59.24. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $16.50 billion, a P/E ratio of 18.45, a PEG ratio of 4.04 and a beta of 0.11.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $328.90 million for the quarter, compared to analyst estimates of $311.95 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that Realty Income will post 3.18 EPS for the current year.

The firm also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.2205 per share. The ex-dividend date is Wednesday, October 31st. Realty Income’s dividend payout ratio is presently 86.60%.

In related news, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction on 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 in the company, valued at $1,098,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Mclaughlin sold 3,100 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $58.00, for a total transaction of $179,800.00. Following the transaction, the director now owns 16,886 shares of the company’s stock, valued at $979,388. The disclosure for this sale can be found here. Insiders have sold 89,067 shares of company stock valued at $5,142,150 over the last 90 days. 0.20% of the stock is currently owned by insiders.

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.

Read More: Return on Investment (ROI)

Earnings History and Estimates for Realty Income (NYSE:O)

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