What’s Propelling Realty Income Corp to Increase So Much?

 What's Propelling Realty Income Corp to Increase So Much?

In today’s session Realty Income Corp (O) registered an unusually high (236) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious O increase. With 236 contracts traded and 924 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: O170120C00055000 closed last at: $1.9 or 2.6% down. About 341,438 shares traded hands. Realty Income Corp (NYSE:O) has declined 4.12% since April 21, 2016 and is downtrending. It has underperformed by 9.45% the S&P500.

Analysts await Realty Income Corp (NYSE:O) to report earnings on February, 8. They expect $0.75 EPS, up 5.63% or $0.04 from last year’s $0.71 per share. O’s profit will be $199.28 million for 18.68 P/E if the $0.75 EPS becomes a reality. After $0.72 actual EPS 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. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, December 15 report. The stock of Realty Income Corp (NYSE:O) earned “Sell” rating by UBS on Thursday, October 29. DA Davidson initiated Realty Income Corp (NYSE:O) on Thursday, July 23 with “Neutral” rating. The stock of Realty Income Corp (NYSE:O) earned “Sell” rating by Wunderlich on Tuesday, February 16. Zacks upgraded Realty Income Corp (NYSE:O) rating on Tuesday, August 25. Zacks has “Hold” rating and $51 price target. The stock of Realty Income Corp (NYSE:O) earned “Buy” rating by Stifel Nicolaus on Tuesday, September 8. The firm has “Buy” rating by Bank of America given on Thursday, October 22. The stock of Realty Income Corp (NYSE:O) has “Hold” rating given on Tuesday, October 27 by Wunderlich. The firm has “Buy” rating given on Thursday, August 27 by Zacks. The stock has “Neutral” rating given by Mizuho on Friday, October 14.

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 is negative, 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.
Private Asset has 49,774 shares for 0.61% of their US portfolio. Telos Cap reported 39,466 shares or 1.34% of all its holdings. Muzinich & has 0.05% invested in the company for 1,675 shares. Financial Advisers Ltd Liability accumulated 0.09% or 130,826 shares. First Foundation accumulated 12,465 shares or 0.06% of the stock. Pggm Invs holds 1.74 million shares or 0.62% of its portfolio. Sigma Planning Corporation has 0.32% invested in the company for 35,707 shares. Sabal Trust, a Florida-based fund reported 379,046 shares. Federated Investors Incorporated Pa accumulated 1.67M shares or 0.34% of the stock. Spirit Of America Corporation owns 4,630 shares or 0.05% of their US portfolio. Fdx Advisors holds 0.12% or 39,206 shares in its portfolio. Sumitomo Mitsui Tru Hldgs holds 903,867 shares or 0.11% of its portfolio. Whittier Co owns 1,342 shares or 0% of their US portfolio. Rhumbline Advisers has 0.08% invested in the company for 387,378 shares. Massmutual Trust Fsb Adv reported 150 shares or 0% of all its holdings.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 4 sales for $1.12 million net activity. Wenthur Cary sold 9,000 shares worth $544,860. MERRIMAN RONALD also sold $166,700 worth of Realty Income Corp (NYSE:O) shares. 1,950 shares with value of $124,547 were sold by McLaughlin Gregory on Wednesday, June 15. On Tuesday, August 2 the insider ALLEN KATHLEEN sold $281,960.

Realty Income Corporation is a real estate investment trust . The company has a market cap of $14.89 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 50.83 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: 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: “Realty Income Corporation’s Biggest Win in 2016 So Far” with publication date: September 20, 2016.

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