Realty Income Corporation (NYSE:O) – Stock analysts at Capital One Financial raised their FY2018 earnings per share estimates for shares of Realty Income in a research report issued on Thursday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $3.13 per share for the year, up from their prior estimate of $3.12. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Realty Income’s Q4 2018 earnings at $0.79 EPS.
Other equities research analysts also recently issued reports about the company. UBS upgraded Realty Income from a “sell” rating to a “neutral” rating and upped their target price for the stock from $52.00 to $57.00 in a research report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of Realty Income in a research report on Wednesday, November 1st. FBR & Co set a $56.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research report on Thursday, October 19th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $65.43.
Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The business had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same period in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.
The company also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.212 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 4.49%. Realty Income’s dividend payout ratio (DPR) is 208.20%.
In other news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now owns 15,986 shares in the company, valued at approximately $940,776.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The disclosure for this sale can be found here. Insiders sold 10,549 shares of company stock valued at $593,646 over the last 90 days. 0.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FCG Advisors LLC lifted its holdings in shares of Realty Income by 0.5% in the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 18 shares in the last quarter. JT Stratford LLC lifted its holdings in shares of Realty Income by 0.5% in the second quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 35 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of Realty Income by 0.9% in the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 47 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Realty Income by 2.9% in the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 87 shares in the last quarter. Finally, Davis R M Inc. lifted its holdings in shares of Realty Income by 2.6% in the second quarter. Davis R M Inc. now owns 4,256 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 70.04% of the company’s stock.
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Realty Income Company Profile
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.
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