Realty Income (NYSE:O) Stock Upgrade
Wells Fargo gave Realty Income (NYSE:O) shares a new Outperform rating in a comprehensive report issued on Tuesday morning. The increase from the previous Market Perform rating is certainly an interesting one.
From a total of 15 analysts covering Realty Income (NYSE:O) stock, 3 rate it a ”Buy”, 4 a “Sell”, and 10 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $56 while the lowest target price is $36. The mean of all analyst targets is $48.7 with a -1.71% below today’s ($50.16) stock price. Realty Income was the topic of 10 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on October 29 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $51 target share price in a report from an August 25. Wunderlich initiated O stock in a recent report from October 27 with “Hold” rating. DA Davidson initiated the rating on July 23. DA Davidson has a “Neutral” rating and a $50 price target on shares. Finally, Zacks downgraded the stock to “Hold” rating in a report issued on a September 22.
Approximately 630,439 shares of stock traded hands. Realty Income Corp (NYSE:O) has risen 5.25% since May 12, 2015 and is uptrending. It has outperformed by 8.92% the S&P500.
The overall sentiment of institutions has increased to 1.64 in Q2 2015. Its up 0.19, from 1.45 in 2015Q2. The ratio increased, as 35 institutions have sold all the shares of Realty Income Corp that they owned while 129 funds have taken shares off the table. 45 funds have purchased shares for the first time while 224 added to their positions. These institutions now hold 122.95 million shares or 21.16% less than the 155.94 million shares they owned in 2015Q2.
The Fund Community Bank Of Raymore currently is holding shares equating to 9.45% of its total portfolio in Realty Income Corp representing a total of 346,869 shares. Another fund,Rench Wealth Management Inc., is holding a total of 105,232 shares equating to 4.58% of their holdings. Additionally, Tarbox Group Inc. has a 95,013 share stake in Realty Income Corp which represents 4.12% of their total portfolio. The Fund, Cwh Capital Management Inc., based out of Washington, has also built up a stake in the stock, which represents a total of 3.63% of their total portfolio. Finally Farmers National Bank, a fund which is based in the state of Kentucky reported a total holdings of 89,796 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Realty Income Corp have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $81,026 . Mclaughlin Gregory sold 1,780 shares worth approximately $81,026. Israel Robert sold 3,313 shares worth approximately $151,967. Huskins Priya Cherian sold 7,500 shares worth approximately $337,500. Pfeiffer Michael R sold 7,500 shares worth approximately $385,050. The company insider Collins Richard G sold 15,608 shares worth $816,767.
Realty Income Corporation is a real estate company. The company has a market cap of $12.33 billion. As of December 31, 2014, the Company owned 4,327 properties, with approximately 4,257 properties leased and 70 properties available for lease. It has 45.69 P/E ratio. The Firm leased to approximately 234 different commercial tenants doing business in 47 separate industries.
According to Zacks Investment Research, “REALTY INCOME CORP. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise.”