Realty Income Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

 Realty Income Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Realty Income Corp (O) recorded an unusually high (286) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious O decrease. With 286 contracts traded and 9844 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: O161021P00065000 closed last at: $1.2 or 71.4% up. 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.

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 $189.18M for 21.24 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. $66 is the highest target while $46 is the lowest. The $54.33 average target is -12.39% below today’s ($62.01) stock price. Realty Income has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Wunderlich initiated the shares of O in a report on Tuesday, October 27 with “Hold” rating. On Tuesday, September 22 the stock rating was downgraded by Zacks to “Hold”. The stock has “Buy” rating given by Zacks on Thursday, August 20. Wells Fargo upgraded the shares of O in a report on Tuesday, December 15 to “Outperform” rating. The company was downgraded on Thursday, October 29 by UBS. Oppenheimer maintained the stock with “Outperform” rating in Thursday, February 11 report. Zacks downgraded the shares of O in a report on Thursday, August 27 to “Buy” rating. On Wednesday, December 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Realty Income Corp (NYSE:O) earned “Buy” rating by Stifel Nicolaus on Thursday, October 29. DA Davidson initiated the stock with “Neutral” rating in Thursday, July 23 report.

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 is positive, 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.
Clearbridge Investments Ltd Liability Corporation reported 51,436 shares or 0% of all its holdings. Moreover, Cwh Capital Mgmt Incorporated has 2.52% invested in Realty Income Corp (NYSE:O) for 50,205 shares. Argent Trust holds 0.07% or 3,141 shares in its portfolio. Credit Suisse Ag has 859,143 shares for 0.07% of their US portfolio. Edge Asset has 0.24% invested in the company for 380,947 shares. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 5,547 shares. Oppenheimer And accumulated 0.23% or 110,072 shares. Commerce Bank & Trust accumulated 0% or 3,955 shares. Parkside State Bank & Trust holds 641 shares or 0.02% of its portfolio. Alethea Cap Mgmt Lc accumulated 31,895 shares or 3.03% of the stock. Whittier Tru, a California-based fund reported 1,342 shares. Moreover, New York State Common Retirement Fund has 0.06% invested in Realty Income Corp (NYSE:O) for 604,700 shares. Moreover, Exane Derivatives has 0% invested in Realty Income Corp (NYSE:O) for 141 shares. Mutual Of America Capital Mgmt last reported 30,073 shares in the company. Eaton Vance Mngmt accumulated 0% or 5,005 shares.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 5 insider sales for $1.24 million net activity. On Tuesday, August 2 ALLEN KATHLEEN sold $281,960 worth of the stock or 4,000 shares. MERRIMAN RONALD had sold 2,500 shares worth $166,700 on Wednesday, August 17. On Wednesday, May 18 the insider Huskins Priya Cherian sold $124,580. Wenthur Cary also sold $544,860 worth of Realty Income Corp (NYSE:O) shares. $124,547 worth of Realty Income Corp (NYSE:O) was sold by McLaughlin Gregory on Wednesday, June 15.

Realty Income Corporation is a real estate investment trust . The company has a market cap of $16.07 billion. 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. It has a 57.04 P/E ratio. The Company’s portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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.

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

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