Realty Income Corporation (NYSE:O) – Research analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for shares of Realty Income Corporation in a report issued on Thursday, according to Zacks Investment Research. DA Davidson analyst B. Oxford expects that the real estate investment trust will earn $0.81 per share for the quarter. DA Davidson also issued estimates for Realty Income Corporation’s Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.83 EPS and FY2019 earnings at $3.30 EPS.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.
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Several other research firms also recently commented on O. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price for the company. Morgan Stanley boosted their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, Vetr upgraded shares of Realty Income Corporation 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Realty Income Corporation has an average rating of “Hold” and a consensus target price of $65.43.
Shares of Realty Income Corporation (NYSE O) opened at $56.27 on Friday. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market cap of $15,856.04, a price-to-earnings ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28.
Hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its stake in Realty Income Corporation by 2.2% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock valued at $3,300,000 after acquiring an additional 1,227 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Realty Income Corporation by 23.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after acquiring an additional 30,444 shares in the last quarter. Lockheed Martin Investment Management Co. grew its stake in Realty Income Corporation by 167.5% during the 2nd quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock valued at $2,908,000 after acquiring an additional 33,000 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Realty Income Corporation by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock valued at $124,609,000 after acquiring an additional 76,311 shares in the last quarter. Finally, QS Investors LLC grew its stake in Realty Income Corporation by 48.0% during the 2nd quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 7,300 shares in the last quarter. 67.17% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was 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 disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.212 dividend. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income Corporation’s payout ratio is 208.20%.
Realty Income Corporation 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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