Realty Income Corp. (NYSE:O) – Analysts at Capital One Financial Corp. boosted their FY2016 EPS estimates for Realty Income Corp. in a report released on Tuesday. Capital One Financial Corp. analyst C. Lucas now forecasts that the firm will post earnings of $2.86 per share for the year, up from their previous estimate of $2.81. Capital One Financial Corp. also issued estimates for Realty Income Corp.’s Q1 2017 earnings at $0.74 EPS, Q2 2017 earnings at $0.75 EPS, Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $3.01 EPS and FY2018 earnings at $3.15 EPS.

Realty Income Corp. (NYSE:O) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The business earned $260.06 million during the quarter, compared to analysts’ expectations of $274.34 million. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year.

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

O has been the subject of several other reports. Vetr downgraded Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price objective for the company. in a research note on Tuesday, October 4th. Wunderlich increased their price objective on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. increased their price objective on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, BTIG Research started coverage on Realty Income Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $63.32.

Shares of Realty Income Corp. (NYSE:O) opened at 61.46 on Friday. The stock has a market capitalization of $15.89 billion, a price-to-earnings ratio of 56.39 and a beta of 0.33. The company has a 50-day moving average of $65.90 and a 200-day moving average of $65.12. Realty Income Corp. has a 1-year low of $45.98 and a 1-year high of $72.30.

Several institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in shares of Realty Income Corp. by 21.7% in the third quarter. Eqis Capital Management Inc. now owns 6,203 shares of the company’s stock valued at $415,000 after buying an additional 1,104 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of Realty Income Corp. by 16.9% in the second quarter. Evercore Wealth Management LLC now owns 5,430 shares of the company’s stock valued at $377,000 after buying an additional 784 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Realty Income Corp. by 0.5% in the second quarter. Macquarie Group Ltd. now owns 66,036 shares of the company’s stock valued at $4,580,000 after buying an additional 300 shares during the last quarter. Carnick & Kubik Group LLC bought a new position in shares of Realty Income Corp. during the second quarter valued at about $2,248,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Realty Income Corp. during the second quarter valued at about $721,000. Institutional investors and hedge funds own 70.99% of the company’s stock.

In related news, Director Kathleen Allen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the completion of the transaction, the director now directly owns 74,000 shares in the company, valued at approximately $5,216,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total value of $166,700.00. Following the completion of the transaction, the director now owns 12,075 shares of the company’s stock, valued at approximately $805,161. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

The company also recently announced a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a dividend of $0.202 per share. This represents a yield of 3.77%. This is a boost from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date is Thursday, September 29th. Realty Income Corp.’s dividend payout ratio (DPR) is 222.02%.

Realty Income Corp. 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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

5 Day Chart for NYSE:O

Receive News & Stock Ratings for Realty Income Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp. and related stocks with our FREE daily email newsletter.