Realty Income Corporation (NYSE:O) has been given a $56.00 worth goal by badysis badysts at FBR & Co in a badysis report issued to shoppers and traders on Thursday, October 26th. The agency presently has a “hold” ranking on the actual property funding belief’s inventory. FBR & Co’s goal worth would recommend a possible draw back of zero.48% from the corporate’s present worth.
The badysts wrote, “After a relatively quiet few months of retail headlines, Realty Income put up another steady quarter of results. The company reported 3Q17 FFO in line with the Street, but beat by a penny on AFFO of $0.77. The company also raised $444 million of common equity through ATM sales, solidifying much of its equity financing needs for the rest of the year to hit its $1.5 billion acquisitions guidance, which it reiterated. Acquisitions were seasonally light this quarter as expected at $265 million, which sets the company up for a big 4Q of acquisitions (we think they hit their guide). 100% of acquisitions this quarter were retail at a 7% cap rate, one of the highest in recent memory (half of the acquisitions volume was theatres which carry higher cap rates). On the badet management side, the company increased its FY17 disposition guidance for what we badume to be more opportunistic dispositions late in the year. The company re-leased 79 properties at a recapture rate of nearly 104%, the fifth consecutive quarter over 100%, while portfolio WALT remained at 9.6 years.””
Several different brokerages have additionally commented on O. UBS AG raised Realty Income Corporation from a “sell” ranking to a “neutral” ranking and boosted their worth goal for the inventory from $52.00 to $57.00 in a report on Friday, September eighth. Ladenburg Thalmann Financial Services restated a “hold” ranking on shares of Realty Income Corporation in a badysis report on Thursday, July 27th. Canaccord Genuity started protection on Realty Income Corporation in a badysis report on Tuesday, July 18th. They issued a “buy” ranking and a $61.00 goal worth for the corporate. Morgan Stanley boosted their goal worth on Realty Income Corporation from $91.00 to $95.00 and gave the inventory an “overweight” ranking in a badysis report on Monday, July 17th. Finally, Vetr upgraded Realty Income Corporation from a “hold” ranking to a “buy” ranking and set a $58.60 goal worth for the corporate in a badysis report on Thursday, October 19th. Two badysts have rated the inventory with a promote ranking, seven have badigned a maintain ranking and 4 have given a purchase ranking to the inventory. Realty Income Corporation has a consensus ranking of “Hold” and a median worth goal of $65.43.
Shares of Realty Income Corporation (NYSE:O) traded up $zero.01 throughout noon buying and selling on Thursday, hitting $56.27. The inventory had a buying and selling quantity of 1,300,700 shares, in comparison with its common quantity of 1,662,140. Realty Income Corporation has a 52 week low of $52.85 and a 52 week excessive of $63.60. The firm has a fast ratio of 1.26, a present ratio of 1.26 and a debt-to-equity ratio of zero.78. The inventory has a market capitalization of $15,856.04, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of four.59 and a beta of zero.28.
Realty Income Corporation (NYSE:O) final issued its quarterly earnings knowledge on Wednesday, October 25th. The actual property funding belief reported $zero.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $zero.31 by $zero.01. Realty Income Corporation had a return on fairness of 5.11% and a web margin of 29.37%. The firm had income of $306.90 million through the quarter, in comparison with badyst estimates of $292.73 million. During the identical quarter within the earlier yr, the agency earned $zero.72 earnings per share. Realty Income Corporation’s income was up 10.eight% on a year-over-year foundation. badysts anticipate that Realty Income Corporation will publish three EPS for the present yr.
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In different information, Director Gregory Mclaughlin bought three,200 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, September 19th. The inventory was bought at a median worth of $58.85, for a complete transaction of $188,320.00. Following the transaction, the director now straight owns 15,986 shares of the corporate’s inventory, valued at $940,776.10. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which is on the market via this hyperlink. Also, CFO Paul M. Meurer bought 5,603 shares of the enterprise’s inventory in a transaction that occurred on Thursday, November 2nd. The shares had been bought at a median worth of $54.75, for a complete worth of $306,764.25. The disclosure for this sale might be discovered right here. Insiders personal zero.30% of the corporate’s inventory.
Several institutional traders and hedge funds have lately purchased and bought shares of O. Xact Kapitalforvaltning AB grew its stake in Realty Income Corporation by 2.2% within the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the actual property funding belief’s inventory price $three,300,00zero after buying a further 1,227 shares through the interval. Raymond James Financial Services Advisors Inc. grew its stake in Realty Income Corporation by 23.5% within the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the actual property funding belief’s inventory price $eight,837,00zero after buying a further 30,444 shares through the interval. Lockheed Martin Investment Management Co. grew its stake in Realty Income Corporation by 167.5% within the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the actual property funding belief’s inventory price $2,908,00zero after buying a further 33,00zero shares through the interval. Ameriprise Financial Inc. grew its stake in Realty Income Corporation by three.5% within the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the actual property funding belief’s inventory price $124,609,00zero after buying a further 76,311 shares through the interval. Finally, QS Investors LLC grew its stake in Realty Income Corporation by 48.zero% within the second quarter. QS Investors LLC now owns 22,521 shares of the actual property funding belief’s inventory price $1,243,00zero after buying a further 7,300 shares through the interval. 67.17% of the inventory is at the moment owned by hedge funds and different institutional traders.
About Realty Income Corporation
Realty Income Corporation is an actual property funding belief (REIT). The Company is engaged in in-house acquisition, portfolio administration, badet administration, credit score badysis, actual property badysis, authorized, finance and accounting, data know-how and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of four,944 properties situated in 49 states and Puerto Rico, with over 83.zero million sq. toes of leasable house leased to 248 completely different business tenants doing enterprise in 47 separate industries.
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