Realty Income (NYSE:O) released its quarterly earnings results on Sunday. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04), MarketWatch Earnings reports. The business had revenue of $442.80 million for the quarter, compared to the consensus estimate of $413.59 million. Realty Income had a return on equity of 3.96% and a net margin of 24.94%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share.
Realty Income stock traded up $0.43 during mid-day trading on Tuesday, hitting $69.11. 3,598,833 shares of the company’s stock were exchanged, compared to its average volume of 3,117,941. The firm has a market capitalization of $25.81 billion, a P/E ratio of 57.15, a PEG 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 quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.80. The company’s 50 day simple moving average is $65.77 and its 200-day simple moving average is $61.87.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 14th. Investors 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 yield of 4.08%. The ex-dividend date of this dividend is Friday, April 30th. Realty Income’s payout ratio is presently 84.94%.
O has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Realty Income in a research report on Friday, January 22nd. They set a “conviction-buy” rating on the stock. Morgan Stanley increased their price objective on Realty Income from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, April 21st. Finally, Mizuho increased their price objective on Realty Income from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 19th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average 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.
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