Realty Income Corporation (O) : 16 analysts are covering Realty Income Corporation (O) and their average rating on the stock is 2.63, which is read as a Hold. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Realty Income Corporation (O) : Average target price received by Realty Income Corporation (O) is $67.92 with an expected standard deviation of $9.01. The most aggressive target on the stock is $78, whereas the most downbeat target is $46. 12 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Realty Income Corporation (NYSE:O): The stock opened at $69.21 on Thursday but the bulls could not build on the opening and the stock topped out at $69.23 for the day. The stock traded down to $67.83 during the day, due to lack of any buying support eventually closed down at $68.18 with a loss of -1.49% for the day. The stock had closed at $69.21 on the previous day. The total traded volume was 1,113,369 shares.
In a related news, The director, of Realty Income Corp, Allen Kathleen had unloaded 4,000 shares at $70.49 per share in a transaction on August 2, 2016. The total value of transaction was $281,960. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Realty Income Corporation is a real estate company. As of December 31, 2014, the Company owned 4,327 properties, with approximately 4,257 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 16,350 square feet, including approximately 11,290 square feet per retail property and approximately 196,800 square feet per industrial and distribution property. The Company has approximately 4,308 single-tenant properties and 19 multi-tenant properties. The Company has grouped its tenants into 48 activity segments.