Realty Income Corp (NYSE:O) – Stock analysts at DA Davidson lowered their Q4 2020 earnings per share (EPS) estimates for Realty Income in a report issued on Thursday, May 2nd. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings of $0.87 per share for the quarter, down from their prior estimate of $0.88.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Thursday, January 3rd. Stifel Nicolaus lifted their target price on Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Citigroup set a $70.00 target price on Realty Income and gave the company a “hold” rating in a research report on Tuesday, February 26th. Wells Fargo & Co lifted their target price on Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Capital One Financial downgraded Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.83.
NYSE:O traded down $0.05 on Friday, reaching $70.18. The company’s stock had a trading volume of 23,795 shares, compared to its average volume of 1,897,320. Realty Income has a 12-month low of $50.60 and a 12-month high of $74.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $21.39 billion, a P/E ratio of 22.04, a P/E/G ratio of 5.02 and a beta of 0.16.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 27.38% and a return on equity of 4.78%. The business had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same quarter in the prior year, the firm earned $0.29 EPS. Realty Income’s revenue for the quarter was up 11.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Honeywell International Inc. lifted its holdings in Realty Income by 3.8% during the 1st quarter. Honeywell International Inc. now owns 88,953 shares of the real estate investment trust’s stock worth $6,543,000 after buying an additional 3,220 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Realty Income by 245.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 268 shares during the last quarter. Hartz Capital Inc. purchased a new stake in Realty Income during the 1st quarter worth about $1,012,000. Pinnacle Financial Partners Inc. purchased a new stake in Realty Income during the 1st quarter worth about $74,000. Finally, Pearl River Capital LLC lifted its holdings in Realty Income by 676.8% during the 1st quarter. Pearl River Capital LLC now owns 3,208 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 2,795 shares during the last quarter. 72.84% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a may 19 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.226 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from Realty Income’s previous may 19 dividend of $0.23. This represents a dividend yield of 3.96%. Realty Income’s payout ratio is presently 84.95%.
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.