The Q4 2016 EPS Estimates for Realty Income Corp. Increased by Capital One Financial Corp. (O)

The Q4 2016 EPS Estimates for Realty Income Corp. Increased by Capital One Financial Corp. (O)

Realty Income Corp. (NYSE:O) – Investment analysts at Capital One Financial Corp. boosted their Q4 2016 earnings estimates for shares of Realty Income Corp. in a research report issued to clients and investors on Tuesday. Capital One Financial Corp. analyst C. Lucas now forecasts that the brokerage will post earnings of $0.73 per share for the quarter, up from their previous forecast of $0.72. Capital One Financial Corp. also issued estimates for Realty Income Corp.’s Q3 2017 earnings at $0.76 EPS.

Other equities analysts also recently issued reports about the company. Vetr downgraded Realty Income Corp. from a “strong-buy” rating to a “buy” rating and set a $74.01 target price on the stock. in a research report on Wednesday, September 21st. Stifel Nicolaus boosted their price objective on Realty Income Corp. from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded Realty Income Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, July 27th. BTIG Research assumed coverage on Realty Income Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Oppenheimer Holdings Inc. boosted their price objective on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Realty Income Corp. presently has a consensus rating of “Hold” and an average target price of $63.32.

Realty Income Corp. (NYSE:O) opened at 61.46 on Thursday. Realty Income Corp. has a 52-week low of $45.98 and a 52-week high of $72.30. The company’s 50-day moving average price is $65.90 and its 200 day moving average price is $65.12. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 56.39 and a beta of 0.33.

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

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 given a $0.202 dividend. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. This represents a dividend yield of 3.77%. The ex-dividend date is Thursday, September 29th. Realty Income Corp.’s payout ratio is currently 222.02%.

In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total transaction of $166,700.00. Following the sale, the director now directly owns 12,075 shares of the company’s stock, valued at $805,161. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now directly owns 74,000 shares in the company, valued at $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Realty Income Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 42,640,936 shares of the company’s stock valued at $2,957,575,000 after buying an additional 1,639,015 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Realty Income Corp. by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock valued at $643,871,000 after buying an additional 1,032,768 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Realty Income Corp. by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,765,143 shares of the company’s stock valued at $607,950,000 after buying an additional 164,986 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Realty Income Corp. by 22.8% in the second quarter. JPMorgan Chase & Co. now owns 4,255,171 shares of the company’s stock valued at $295,138,000 after buying an additional 790,144 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Realty Income Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 4,057,191 shares of the company’s stock valued at $281,407,000 after buying an additional 117,734 shares during the last quarter. 70.99% of the stock is currently owned by institutional investors.

About Realty Income Corp.

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