Realty Income Corp (O) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.70 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.71. The company posted revenue of $267.12 million in the period, compared to analysts expectations of $255.14 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Realty Income Corp. Company shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 58 from a previous price target of $51 .Company shares were Downgraded by Wunderlich on Feb 16, 2016 to ” Sell”, Firm has raised the Price Target to $ 53 from a previous price target of $47.50 .Company shares were Reiterated by Oppenheimer on Feb 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $56 .
Realty Income Corp opened for trading at $59.31 and hit $60.03 on the upside on Friday, eventually ending the session at $59.37, with a gain of 0.58% or 0.34 points. The heightened volatility saw the trading volume jump to 16,50,007 shares. Company has a market cap of $14,874 M.
In a different news, on Feb 19, 2016, Paul M Meurer (Exec. VP, CFO and Treasurer) sold 3,175 shares at $60.28 per share price. According to the SEC, on Feb 19, 2016, Michael R Pfeiffer (Executive VP, GC and Secretary) sold 10,804 shares at $59.76 per share price. On Feb 19, 2016, Ronald Merriman (director) sold 4,262 shares at $59.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Realty Income Corporation is a real estate company. As of December 31 2014 the Company owned 4327 properties with approximately 4257 properties leased and 70 properties available for lease. The Company leased to approximately 234 different commercial tenants doing business in 47 separate industries. The properties are located in 49 states and Puerto Rico with over 70 million square feet of leasable space and with an average leasable space per property of approximately 16350 square feet including approximately 11290 square feet per retail property and approximately 196800 square feet per industrial and distribution property. The Company has approximately 4308 single-tenant properties and 19 multi-tenant properties. The Company has grouped its tenants into 48 activity segments.