Research Analysts Offer Predictions for Realty Income Corp’s Q4 2020 Earnings (NYSE:O)

Realty Income Corp (NYSE:O) – Research analysts at DA Davidson decreased their Q4 2020 earnings estimates for Realty Income in a note issued to investors on Thursday, May 2nd, according to Zacks Investment Research. 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.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.43). The firm had revenue of $354.40 million during the quarter, compared to the consensus estimate of $335.37 million. Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus boosted their price target on Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Wells Fargo & Co boosted their price target on Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. They noted that the move was a valuation call. Capital One Financial upgraded Realty Income from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Citigroup set a $70.00 price target on Realty Income and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $61.55.

Realty Income stock traded down $0.05 during trading hours on Friday, reaching $70.53. The stock had a trading volume of 1,305,632 shares, compared to its average volume of 2,063,095. The company has a market capitalization of $22.32 billion, a PE ratio of 22.11, a P/E/G ratio of 4.69 and a beta of 0.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.35 and a current ratio of 1.35. Realty Income has a 52 week low of $52.37 and a 52 week high of $74.14.

The business also recently disclosed a may 19 dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a $0.226 dividend. The ex-dividend date is Friday, May 31st. This represents a yield of 3.92%. Realty Income’s dividend payout ratio is presently 84.95%.

A number of institutional investors have recently added to or reduced their stakes in O. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Realty Income by 43.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 150 shares during the period. Allen Capital Group LLC raised its stake in shares of Realty Income by 0.9% during the 1st quarter. Allen Capital Group LLC now owns 17,935 shares of the real estate investment trust’s stock worth $1,319,000 after buying an additional 154 shares during the period. Sterling Investment Advisors Ltd. raised its stake in Realty Income by 39.7% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 560 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 159 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Realty Income by 1.0% in the 1st quarter. EP Wealth Advisors LLC now owns 16,710 shares of the real estate investment trust’s stock valued at $1,229,000 after purchasing an additional 159 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Realty Income by 4.1% in the 4th quarter. Advisory Services Network LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 69.84% of the company’s stock.

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.

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

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