Realty Income Corporation (NYSE:O) – B. Riley reduced their FY2019 EPS estimates for shares of Realty Income in a research report issued to clients and investors on Monday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $3.17 for the year, down from their previous estimate of $3.21. B. Riley currently has a “Hold” rating and a $56.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research note on Thursday, October 19th. FBR & Co set a $56.00 price target on Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.09.

Realty Income (O) traded down $0.52 during trading on Wednesday, hitting $54.70. The stock had a trading volume of 2,296,532 shares, compared to its average volume of 1,755,536. Realty Income has a twelve month low of $52.85 and a twelve month high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $15,594.00, a PE ratio of 18.08, a PEG ratio of 4.54 and a beta of 0.29.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share.

Several hedge funds have recently made changes to their positions in O. BlackRock Inc. boosted its stake in shares of Realty Income by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after acquiring an additional 1,024,539 shares during the last quarter. Vanguard Group Inc. boosted its stake in Realty Income by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after buying an additional 834,811 shares during the last quarter. Standard Life Investments LTD acquired a new stake in Realty Income in the 2nd quarter worth about $29,611,000. JPMorgan Chase & Co. boosted its stake in Realty Income by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock worth $256,540,000 after buying an additional 437,803 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Realty Income by 92.8% in the 2nd quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock worth $43,600,000 after buying an additional 380,379 shares during the last quarter. Institutional investors and hedge funds own 70.04% of the company’s stock.

In other news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joel Tomlinson sold 1,746 shares of the firm’s 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 completion of the transaction, 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 in the last quarter. 0.30% of the stock is currently owned by company insiders.

The firm also recently disclosed 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. This represents a yield of 4.49%. The ex-dividend date of this dividend 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.

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

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