Stock On Watch: Can Realty Income Corp’s Tomorrow be Different? The Stock Declines Again

Stock On Watch: Can Realty Income Corp's Tomorrow be Different? The Stock Declines Again

The stock of Realty Income Corp (NYSE:O) is a huge mover today! The stock decreased 2.78% or $1.77 on October 5, hitting $61.92. Realty Income Corp (NYSE:O) has risen 7.88% since March 2, 2016 and is uptrending. It has underperformed by 0.38% the S&P500.
The move comes after 5 months negative chart setup for the $16.05 billion company. It was reported on Oct, 6 by We have $56.97 PT which if reached, will make NYSE:O worth $1.28B less.

Analysts await Realty Income Corp (NYSE:O) to report earnings on October, 26. They expect $0.73 EPS, up 4.29% or $0.03 from last year’s $0.7 per share. O’s profit will be $189.22M for 21.21 P/E if the $0.73 EPS becomes a reality. After $0.71 actual EPS reported by Realty Income Corp for the previous quarter, Wall Street now forecasts 2.82% EPS growth.

Realty Income Corp (NYSE:O) Ratings Coverage

Out of 9 analysts covering Realty Income (NYSE:O), 4 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 44% are positive. Realty Income has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. BTIG Research initiated the shares of O in a report on Thursday, August 25 with “Neutral” rating. UBS downgraded the shares of O in a report on Thursday, October 29 to “Sell” rating. Oppenheimer maintained the shares of O in a report on Thursday, February 11 with “Outperform” rating. Wunderlich initiated the stock with “Hold” rating in Tuesday, October 27 report. The stock has “Hold” rating given by Zacks on Tuesday, August 25. The stock has “Neutral” rating given by DA Davidson on Thursday, July 23. UBS initiated Realty Income Corp (NYSE:O) on Monday, September 26 with “Sell” rating. The firm has “Buy” rating given on Thursday, October 22 by Bank of America. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, December 15 report. Zacks downgraded the shares of O in a report on Tuesday, September 22 to “Hold” rating.

According to Zacks Investment Research, “REALTY INCOME CORP. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise.”

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.24, from 1.11 in 2016Q1. The ratio increased, as 44 funds sold all Realty Income Corp shares owned while 158 reduced positions. 65 funds bought stakes while 207 increased positions. They now own 179.48 million shares or 0.49% more from 178.61 million shares in 2016Q1.
Thrivent For Lutherans owns 56,958 shares or 0.02% of their US portfolio. Linscomb Williams Inc has 3,100 shares for 0.02% of their US portfolio. Brookstone Cap last reported 12,163 shares in the company. Adage Capital Prtnrs Grp Ltd Liability Co last reported 0.07% of its portfolio in the stock. Hoertkorn Richard Charles has 666 shares for 0.04% of their US portfolio. First Heartland Consultants Inc has 0.22% invested in the company for 28,696 shares. Spirit Of America Mgmt Corporation Ny has invested 0.05% of its portfolio in Realty Income Corp (NYSE:O). State Street has invested 0.12% of its portfolio in Realty Income Corp (NYSE:O). Investment Prtn Oh Adv has invested 0.21% of its portfolio in Realty Income Corp (NYSE:O). Nationwide Fund Advsrs, a Pennsylvania-based fund reported 71,450 shares. Bartlett Ltd Com holds 0% of its portfolio in Realty Income Corp (NYSE:O) for 452 shares. Stock Yards Fincl Bank Tru last reported 0.03% of its portfolio in the stock. Royal London Asset Limited has 0.1% invested in the company for 87,665 shares. Advantus Cap Management accumulated 0.05% or 25,306 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.07% or 22,850 shares in its portfolio.

Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 5 insider sales for $1.24 million net activity. On Wednesday, June 15 McLaughlin Gregory sold $124,547 worth of the stock or 1,950 shares. Wenthur Cary also sold $544,860 worth of Realty Income Corp (NYSE:O) on Wednesday, June 1. The insider ALLEN KATHLEEN sold $281,960. Shares for $166,700 were sold by MERRIMAN RONALD on Wednesday, August 17. Huskins Priya Cherian sold 2,000 shares worth $124,580.

More notable recent Realty Income Corp (NYSE:O) news were published by: which released: “BRIEF-Realty Income Corp prices $600 mln of 3 pct senior unsecured notes d…” on October 04, 2016, also with their article: “Realty Income Crosses Above Average Analyst Target” published on September 27, 2016, published: “Ex-Dividend Reminder: Realty Income, Texas Instruments and Waste Connections” on July 26, 2016. More interesting news about Realty Income Corp (NYSE:O) were released by: and their article: “3 Ignored Dividend Stocks That Crush Realty Income” published on September 11, 2016 as well as‘s news article titled: “Research Reports Initiation on REIT Stocks — Realty Income, Simon Property …” with publication date: October 05, 2016.

O Company Profile

Realty Income Corporation, incorporated on March 25, 1997, is a real estate investment trust (REIT). The Firm 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. The Firm has approximately 4,540 properties in its portfolio, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties. The Firm has over 280 lease expirations and re-leased approximately 250 properties. It sold over 30 vacant properties.

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