Zacks: Analysts expect Realty Income Co. (NYSE:O) to report quarterly sales of $744.67 million

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Equity research analysts expect Realty Income Co. (NYSE:O – Get a rating) will report $744.67 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Realty Income, with the lowest sales estimate of $686.02 million and the highest estimate of $803.32 million. Realty Income reported sales of $442.80 million in the same quarter last year, suggesting a positive year-over-year growth rate of 68.2%. The company is due to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Realty Income to report annual sales of $3.13 billion for the current fiscal year, with estimates ranging from $2.75 billion to $3.34 billion. For next year, analysts expect the company to post sales of $3.40 billion, with estimates ranging from $2.76 billion to $3.72 billion. Zacks Investment Research sales calculations are an average based on a survey of research analysts who track Realty Income.

Property Income (NYSE:O – Get a rating) last released its quarterly earnings data on Monday, February 21. The real estate investment trust reported earnings per share of $0.01 for the quarter, missing analyst consensus estimates of $0.93 per ($0.92). Realty Income had a net margin of 17.25% and a return on equity of 2.32%. The company posted revenue of $685.02 million in the quarter, compared to $676.52 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.84. The company’s quarterly revenue increased 64.0% year over year.

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Several equity research analysts have published reports on O shares. StockNews.com launched a hedge on Realty Income stocks in a research report on Thursday. They set a “hold” rating for the company. Mizuho reduced its target price on property income from $82.00 to $76.00 in a Thursday, January 20 research note. TheStreet downgraded Realty Income from a “b” rating to a “c+” rating in a Thursday, March 3 research note. Wolfe Research upgraded Realty Income from a “peer performance” rating to an “outperform” rating in a Tuesday, March 15 research report. Finally, Scotiabank downgraded Realty Income from an “sector outperform” rating to an “sector perform” rating in a report on Wednesday, Dec. 15. Four research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average price target of $77.80.

NYSE O opened at $69.30 on Friday. The company’s 50-day simple moving average is $67.19 and its two-hundred-day simple moving average is $68.75. The company has a debt ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.95. Real estate income has a 1 year minimum of $63.42 and a 1 year maximum of $74.60. The stock has a market capitalization of $40.98 billion, a PE ratio of 73.72, a P/E/G ratio of 3.66 and a beta of 0.79.

The company also recently declared an April 22 dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 1 will receive a dividend of $0.247. The ex-date of this dividend is Thursday, March 31. Realty Income’s dividend payout ratio is currently 314.90%.

A number of institutional investors have recently changed their positions in the stock. City State Bank bought a new stock position in Realty Income in Q4 for $152,000. Mason & Associates Inc purchased a new stake in shares of Realty Income during Q4, valued at approximately $368,000. Bradley Foster & Sargent Inc. CT increased its holdings of Realty Income stocks by 1.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 120,883 shares of the real estate investment trust worth $8,654,000 after acquiring 1,564 additional shares in the last quarter. Evergreen Capital Management LLC bought a new position in Realty Income in the fourth quarter worth approximately $217,000. Finally, BOKF NA increased its stake in Realty Income by 138.7% during the fourth quarter. BOKF NA now owns 12,552 shares of the real estate investment trust worth $899,000 after acquiring an additional 7,293 shares in the last quarter. 82.75% of the shares are held by institutional investors.

Real Estate Revenue Company Profile (Get a rating)

Realty Income Corp. is a real estate company committed to generating reliable monthly cash dividends from a consistent and predictable level of operating cash flow. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is based in San Diego, California.

Further reading

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Real Estate Income History and Estimates (NYSE:O)

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