Realty Income (NYSE:O) Releases Earnings Results, Misses Expectations By $0.50 EPS

Realty Income (NYSE:O) announced its earnings results on Sunday. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.50), MarketWatch Earnings reports. The company had revenue of $418.10 million for the quarter, compared to the consensus estimate of $398.27 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS.

NYSE O traded down $0.22 during trading hours on Tuesday, reaching $61.88. 49,785 shares of the company’s stock traded hands, compared to its average volume of 3,157,863. Realty Income has a 52-week low of $38.00 and a 52-week high of $83.40. The firm has a market cap of $23.10 billion, a PE ratio of 51.32, a PEG ratio of 4.80 and a beta of 0.64. The firm has a 50-day simple moving average of $60.22 and a 200 day simple moving average of $61.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77.

The firm also recently declared a feb 21 dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be given a dividend of $0.2345 per share. The ex-dividend date is Friday, February 26th. This represents a yield of 4.5%. Realty Income’s dividend payout ratio (DPR) is currently 84.64%.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of Realty Income stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $61.40, for a total value of $552,600.00. Following the completion of the transaction, the director now directly owns 9,757 shares of the company’s stock, valued at $599,079.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Realty Income in a research note on Friday, January 22nd. They set a “conviction-buy” rating on the stock. Robert W. Baird assumed coverage on shares of Realty Income in a research note on Wednesday, December 16th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lifted their target price on shares of Realty Income from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, December 15th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.42.

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 commercial tenants.

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