Realty Income Corporation (NYSE:O) – Research analysts at Capital One Financial lifted their FY2018 earnings per share (EPS) estimates for Realty Income in a research note issued on Thursday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $3.13 per share for the year, up from their previous forecast of $3.12. Capital One Financial 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.
Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share.
Realty Income (NYSE:O) traded down $0.52 during midday trading on Monday, reaching $54.70. The company’s stock had a trading volume of 2,296,532 shares, compared to its average volume of 1,755,536. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $15,594.00, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 4.54 and a beta of 0.29. Realty Income has a 12 month low of $52.85 and a 12 month high of $63.60.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FCG Advisors LLC increased its position in shares of Realty Income by 0.5% in the 2nd quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 18 shares in the last quarter. JT Stratford LLC boosted its stake in Realty Income by 0.5% in 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 period. Eaton Vance Management boosted its stake in Realty Income by 0.9% in 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 period. Parallel Advisors LLC boosted its stake in Realty Income by 2.9% in the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 87 shares during the period. Finally, Davis R M Inc. boosted its stake in Realty Income by 2.6% in the 2nd quarter. Davis R M Inc. now owns 4,256 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 70.04% of the company’s stock.
In other Realty Income news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. Insiders have sold a total of 10,549 shares of company stock valued at $593,646 in the last quarter. Corporate insiders own 0.30% of the company’s stock.
The firm 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 dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income’s payout ratio is 208.20%.
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About Realty Income
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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