Realty Income Corporation (NYSE:O) : The consensus on Realty Income Corporation (NYSE: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.
Realty Income Corporation (NYSE:O) : Currently there are 12 street experts covering Realty Income Corporation (NYSE:O) stock. The most bullish and bearish price target for the stock is $70 and $46 respectively for the short term. The average price target of all the analysts comes to $60.17. The estimated standard deviation from the target is $6.46.
Company shares have received an average consensus rating of Hold for the current week Also, The rating by the firm was issued on April 4, 2016.
Realty Income Corporation (NYSE:O): stock turned positive on Tuesday. Though the stock opened at $67.26, the bulls momentum made the stock top out at $68.2 level for the day. The stock recorded a low of $66.57 and closed the trading day at $68.2, in the green by 1.84%. The total traded volume for the day was 1,791,237. The stock had closed at $66.97 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Mclaughlin Gregory, director of Realty Income Corp, had unloaded 1,950 shares at an average price of $63.87 in a transaction dated on June 15, 2016. The total value of the transaction was worth $124,547.
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.