Realty Income Corp (O) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $65. Mizuho advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Realty Income Corp. Company shares were Reiterated by Wunderlich on Aug 1, 2016 to “Sell”, Firm has raised the Price Target to $ 60 from a previous price target of $53 .Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 66 from a previous price target of $58 .Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 73 from a previous price target of $66 .
On the company’s financial health, Realty Income Corp reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.72. The company had revenue of $260.06 million for the quarter, compared to analysts expectations of $260.62 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Realty Income Corp closed down -1.3 points or -2.09% at $60.81 with 17,05,030 shares getting traded on Tuesday. Post opening the session at $61.89, the shares hit an intraday low of $60.705 and an intraday high of $62 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 18, 2016, Ronald Merriman (director) sold 2,500 shares at $66.68 per share price. According to the SEC, on Aug 3, 2016, Kathleen Allen (director) sold 4,000 shares at $70.49 per share price. On Jun 27, 2016, Benjamin N Fox (SVP, Asset & Port. Mgmt.) sold 2,174 shares at $65.79 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.