Realty Income Corporation (NYSE:O) – Equities research analysts at DA Davidson raised their FY2017 earnings per share (EPS) estimates for Realty Income Corporation in a research note issued to investors on Thursday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings of $2.99 per share for the year, up from their previous forecast of $2.95. DA Davidson also issued estimates for Realty Income Corporation’s Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.80 EPS and FY2018 earnings at $3.16 EPS.

Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.

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Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a report on Friday, July 14th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. FBR & Co set a $56.00 price target on shares of Realty Income Corporation and gave the company a “hold” rating in a report on Thursday. Vetr raised shares of Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a report on Thursday, October 19th. Finally, Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation has an average rating of “Hold” and a consensus price target of $63.80.

Realty Income Corporation (NYSE:O) opened at 53.93 on Monday. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $63.60. The stock has a market capitalization of $14.78 billion, a P/E ratio of 46.13 and a beta of 0.32. The stock has a 50 day moving average price of $57.20 and a 200-day moving average price of $56.93.

The firm also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.212 dividend. This represents a yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s payout ratio is 208.20%.

In other news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. FCG Advisors LLC raised its position in shares of Realty Income Corporation by 0.5% during the 2nd quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 18 shares during the last quarter. Bennicas & Associates Inc. raised its position in shares of Realty Income Corporation by 0.6% during the 2nd quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 33 shares during the last quarter. JT Stratford LLC raised its position in shares of Realty Income Corporation by 0.5% during the 2nd quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 35 shares during the last quarter. Eaton Vance Management raised its position in shares of Realty Income Corporation by 0.9% during the 2nd quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 47 shares during the last quarter. Finally, Financial Advisors Network Inc. raised its position in shares of Realty Income Corporation by 0.4% during the 1st quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 56 shares during the last quarter. 68.96% of the stock is currently owned by institutional investors and hedge funds.

About Realty Income Corporation

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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

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