Traders Buy Shares of Realty Income (O) on Weakness
Investors purchased shares of Realty Income Corp (NYSE:O) on weakness during trading on Monday. $54.01 million flowed into the stock on the tick-up and $38.68 million flowed out of the stock on the tick-down, for a money net flow of $15.33 million into the stock. Of all stocks tracked, Realty Income had the 30th highest net in-flow for the day. Realty Income traded down ($0.22) for the day and closed at $48.68
Several research analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. FBR & Co set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research report on Thursday, October 26th. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a research report on Thursday, October 19th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Realty Income presently has a consensus rating of “Hold” and a consensus target price of $64.09.
The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $13,717.31, a price-to-earnings ratio of 39.45, a PEG ratio of 3.53 and a beta of 0.14.
Several large investors have recently modified their holdings of the company. Shelton Capital Management bought a new stake in Realty Income during the 2nd quarter worth approximately $209,000. Janus Henderson Group PLC raised its position in shares of Realty Income by 52.9% during the second quarter. Janus Henderson Group PLC now owns 88,888 shares of the real estate investment trust’s stock valued at $4,905,000 after buying an additional 30,742 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Realty Income by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 296,456 shares of the real estate investment trust’s stock valued at $16,357,000 after buying an additional 15,398 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Realty Income during the second quarter valued at approximately $1,142,000. Finally, Cetera Investment Advisers raised its position in shares of Realty Income by 10.2% during the second quarter. Cetera Investment Advisers now owns 5,416 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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