UBS Initiates Coverage on Realty Income Corp to Sell

UBS Initiates Coverage on Realty Income Corp(NYSE:O). The shares have been rated Sell. The rating by UBS was issued on Sep 26, 2016.

In a different note, BTIG Research said it Initiates Coverage on Realty Income Corp, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Stifel Nicolaus said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Oppenheimer said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Sell’ by the firm.

Realty Income Corp (O) made into the market gainers list on Thursdays trading session with the shares advancing 1.68% or 1.12 points. Due to strong positive momentum, the stock ended at $67.88, which is also near the day’s high of $68.25. The stock began the session at $67.27 and the volume stood at 15,08,128 shares. The 52-week high of the shares is $72.295 and the 52 week low is $45.65. The company has a current market capitalization of $17,552 M and it has 25,85,69,370 shares in outstanding.

Realty Income Corp has also declared a cash dividend of $0.2020 on Sep 16, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Realty Income Corp(O) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $271.04M. Analysts had an estimated revenue of $274.65M. Earnings per share were $0.71. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Ronald Merriman (director) sold 2,500 shares at $66.68 per share price.Also, 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.

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