Realty Income Corporation (O) : Traders are bullish on Realty Income Corporation (O) as it has outperformed the S&P 500 by a margin of 0.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.82% in the last 1 week, and is up 7.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Realty Income Corporation (NYSE:O): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.99 and $69.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.41, notching a gain of 0.47% for the day. The total traded volume was 1,546,055 . The stock had closed at $70.08 on the previous day.
The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 8.34%. Realty Income Corporation is up 19.74% in the last 3-month period. Year-to-Date the stock performance stands at 39.09%.
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.