The stock of Realty Income Corp (NYSE:O) is a huge mover today! About 603,926 shares traded hands. Realty Income Corp (NYSE:O) has declined 13.84% since April 11, 2016 and is downtrending. It has underperformed by 19.99% the S&P500.
The move comes after 5 months positive chart setup for the $13.93B company. It was reported on Nov, 11 by Barchart.com. We have $71.22 PT which if reached, will make NYSE:O worth $4.04 billion more.
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 18 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Thursday, October 29, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 30. The stock of Realty Income Corp (NYSE:O) has “Sell” rating given on Monday, September 26 by UBS. Oppenheimer maintained Realty Income Corp (NYSE:O) rating on Thursday, February 11. Oppenheimer has “Outperform” rating and $66 price target. The rating was downgraded by Zacks on Thursday, August 27 to “Buy”. The stock of Realty Income Corp (NYSE:O) has “Buy” rating given on Tuesday, September 8 by Stifel Nicolaus. The company was upgraded on Tuesday, August 25 by Zacks. The rating was downgraded by Wunderlich to “Sell” on Tuesday, February 16. The stock has “Sell” rating given by Wunderlich on Monday, October 31. BTIG Research initiated Realty Income Corp (NYSE:O) on Thursday, August 25 with “Neutral” 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.
New York Life Trust Com accumulated 96 shares or 0.03% of the stock. Assetmark Inc holds 0.03% or 22,996 shares in its portfolio. Aperio Limited Liability Company owns 52,739 shares or 0.03% of their US portfolio. Washington Trust Financial Bank has 0% invested in the company for 110 shares. Bancorporation Of America Corp De last reported 0.04% of its portfolio in the stock. Raymond James Tru Na has invested 0.09% of its portfolio in Realty Income Corp (NYSE:O). Cadence Capital Management Limited Liability accumulated 12,219 shares or 0.06% of the stock. Cetera Advisor Limited Liability Corp last reported 1.32% of its portfolio in the stock. Krasney Ltd Liability Co holds 3,531 shares or 0.06% of its portfolio. Parkside State Bank & owns 641 shares or 0.02% of their US portfolio. First Personal Service holds 55 shares or 0% of its portfolio. Advsrs Asset last reported 0.03% of its portfolio in the stock. Mitchell Sinkler Starr Pa last reported 0.34% of its portfolio in the stock. Three Peaks Management Limited last reported 0.89% of its portfolio in the stock. Orleans Cap Management La has 2.49% invested in the company for 51,580 shares.
Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 5 selling transactions for $1.24 million net activity. Shares for $124,547 were sold by McLaughlin Gregory. ALLEN KATHLEEN had sold 4,000 shares worth $281,960. The insider Wenthur Cary sold 9,000 shares worth $544,860. $124,580 worth of Realty Income Corp (NYSE:O) was sold by Huskins Priya Cherian on Wednesday, May 18. MERRIMAN RONALD also sold $166,700 worth of Realty Income Corp (NYSE:O) 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: “Ex-Dividend Reminder: Bank of New York Mellon, Realty Income and Paychex” published on October 26, 2016, Forbes.com published: “3 Ignored Dividend Stocks That Crush Realty Income” on September 11, 2016. More interesting news about Realty Income Corp (NYSE:O) were released by: Fool.com and their article: “How Risky Is Realty Income Corporation?” published on August 18, 2016 as well as Fool.com‘s news article titled: “Why Realty Income Is Up 35% in 2016” with publication date: July 06, 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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