Worth Watching: Here is What Institutional Investors Think About Realty Income Corp (NYSE:O)

November 28, 2016 - By Linda Rogers   ·   0 Comments

Worth Watching: Here is What Institutional Investors Think About Realty Income Corp (NYSE:O)

Sentiment for Realty Income Corp (NYSE:O)

Realty Income Corp (NYSE:O) institutional sentiment decreased to 1.06 in 2016 Q2. Its down -0.29, from 1.35 in 2016Q1. The ratio turned negative, as 272 institutional investors increased and started new positions, while 202 reduced and sold their holdings in Realty Income Corp. The institutional investors in our partner’s database reported: 179.48 million shares, up from 178.61 million shares in 2016Q1. Also, the number of institutional investors holding Realty Income Corp in their top 10 positions decreased from 11 to 9 for a decrease of 2. Sold All: 44 Reduced: 158 Increased: 207 New Position: 65.

Realty Income Corporation is a real estate investment trust . The company has a market cap of $14.73 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 51.26 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.

About 185,808 shares traded hands. Realty Income Corp (NYSE:O) has declined 6.22% since April 25, 2016 and is downtrending. It has underperformed by 12.23% 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 $195.50M for 18.84 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.

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.”

Community Bank Of Raymore holds 13.27% of its portfolio in Realty Income Corp for 397,079 shares. Rench Wealth Management Inc. owns 101,817 shares or 5.7% of their US portfolio. Moreover, Tarbox Group Inc. has 4.42% invested in the company for 88,868 shares. The Japan-based Shinko Asset Management Co. Ltd. has invested 3.45% in the stock. Alethea Capital Management Llc, a California-based fund reported 31,895 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 sales for $573,207 net activity.

Realty Income Corp (NYSE:O) Ratings Coverage

Ratings analysis reveals 40% of Realty Income’s analysts are positive. Out of 10 Wall Street analysts rating Realty Income, 4 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $46 while the high is $66. The stock’s average target of $57.57 is 1.88% above today’s ($56.51) share price. O was included in 19 notes of analysts from July 23, 2015. UBS initiated it with “Sell” rating and $52 target price in Monday, September 26 report. Wunderlich maintained the stock with “Sell” rating in Monday, October 31 report. The firm earned “Buy” rating on Thursday, August 20 by Zacks. The firm earned “Buy” rating on Thursday, August 27 by Zacks. The stock of Realty Income Corp (NYSE:O) earned “Outperform” rating by Wells Fargo on Tuesday, December 15. Stifel Nicolaus maintained it with “Buy” rating and $54.0 target price in Wednesday, December 30 report. The rating was initiated by DA Davidson with “Neutral” on Thursday, July 23. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The firm earned “Buy” rating on Thursday, October 22 by Bank of America. The rating was maintained by Stifel Nicolaus on Thursday, October 29 with “Buy”.

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: Fool.com which released: “Better Buy: Realty Income Corp. vs National Retail Properties” on November 26, 2016, also Forbes.com with their article: “Realty Income Crosses Above Average Analyst Target” published on September 27, 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: Forbes.com and their article: “Ex-Dividend Reminder: Bank of New York Mellon, Realty Income and Paychex” published on October 26, 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.

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By Linda Rogers


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