Realty Income Corporation (O) : 12 investment research analysts covering Realty Income Corporation (O) have an average price target of $67.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $78 and the lowest target is $46 for the short term. Analysts expect the variance to be within $9.01 of the average price.
Realty Income Corporation (O) : The consensus on Realty Income Corporation (O) based on 16 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Also, BTIG Research initiates coverage on Realty Income Corporation (NYSE:O) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.
Realty Income Corporation (NYSE:O): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.60 and $65.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.74, notching a gain of 0.02% for the day. The total traded volume was 1,453,949 . The stock had closed at $65.73 on the previous day.
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.