Stock of The Day: Realty Income Corp on Focus After Raising In Today’s Session

Stock of The Day: Realty Income Corp on Focus After Raising In Today's Session

The stock of Realty Income Corp (NYSE:O) is a huge mover today! About 341,637 shares traded hands. Realty Income Corp (NYSE:O) has declined 5.45% since April 26, 2016 and is downtrending. It has underperformed by 10.71% the S&P500.
The move comes after 8 months positive chart setup for the $14.59B company. It was reported on Nov, 29 by Barchart.com. We have $58.33 PT which if reached, will make NYSE:O worth $437.70M more.

Analysts await Realty Income Corp (NYSE:O) to report earnings on February, 8. They expect $0.75 earnings per share, up 5.63% or $0.04 from last year’s $0.71 per share. O’s profit will be $193.23M for 18.88 P/E if the $0.75 EPS becomes a reality. After $0.72 actual earnings per share reported by Realty Income Corp for the previous quarter, Wall Street now forecasts 4.17% EPS growth.

Realty Income Corp (NYSE:O) Ratings Coverage

Out of 10 analysts covering Realty Income (NYSE:O), 4 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 40% are positive. Realty Income has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, December 30 by Stifel Nicolaus. Wunderlich maintained the shares of O in a report on Monday, October 31 with “Sell” rating. The firm has “Outperform” rating given on Thursday, February 11 by Oppenheimer. The stock has “Sell” rating given by UBS on Thursday, October 29. The rating was upgraded by Bank of America on Thursday, October 22 to “Buy”. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. Wunderlich downgraded Realty Income Corp (NYSE:O) on Tuesday, February 16 to “Sell” rating. Zacks downgraded the stock to “Hold” rating in Tuesday, September 22 report. The company was upgraded on Tuesday, September 8 by Stifel Nicolaus. The rating was initiated by DA Davidson with “Neutral” on Thursday, July 23.

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 decreased to 1.06 in 2016 Q2. Its down 0.29, from 1.35 in 2016Q1. The ratio fall, 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.
Jpmorgan Chase &, a New York-based fund reported 4.26M shares. Kistler accumulated 0.09% or 2,516 shares. The North Carolina-based Bb&T Corporation has invested 0.08% in Realty Income Corp (NYSE:O). Winslow Evans Crocker last reported 0% of its portfolio in the stock. Signalpoint Asset Mgmt Lc accumulated 0.23% or 7,866 shares. Archford Strategies Ltd Company has 0.3% invested in the company for 8,148 shares. Lmr Prtn Llp has 14,312 shares for 0.15% of their US portfolio. Monetary Mgmt Grp has 200 shares for 0.01% of their US portfolio. Alliancebernstein Limited Partnership accumulated 0.04% or 726,417 shares. Joel Isaacson & Com Lc has 2,540 shares for 0.04% of their US portfolio. Pictet Asset accumulated 127,400 shares or 0.03% of the stock. Interest Grp Inc Inc holds 102,416 shares or 0% of its portfolio. Janus Capital Mngmt Limited Liability Company last reported 0.13% of its portfolio in the stock. Blackrock Fund Advisors holds 0.14% of its portfolio in Realty Income Corp (NYSE:O) for 9.28 million shares. The Washington-based Parametric Portfolio Assoc Ltd Liability Corp has invested 0.03% in Realty Income Corp (NYSE:O).

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 3 sales for $573,207 net activity. 9,000 shares with value of $544,860 were sold by Wenthur Cary on Wednesday, June 1. Another trade for 1,950 shares valued at $124,547 was made by McLaughlin Gregory on Wednesday, June 15. 4,000 shares were sold by ALLEN KATHLEEN, worth $281,960. MERRIMAN RONALD sold $166,700 worth of stock or 2,500 shares.

More notable recent Realty Income Corp (NYSE:O) news were published by: Forbes.com which released: “Realty Income Crosses Above Average Analyst Target” on September 27, 2016, also Forbes.com with their article: “3 Ignored Dividend Stocks That Crush Realty Income” published on September 11, 2016, Forbes.com published: “Ex-Dividend Reminder: Bank of New York Mellon, Realty Income and Paychex” on October 26, 2016. More interesting news about Realty Income Corp (NYSE:O) were released by: Fool.com and their article: “Better Buy: Realty Income Corporation vs. Kimco Realty Corporation” published on May 01, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Realty Income, Texas Instruments and Waste Connections” with publication date: July 26, 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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