Realty Income Corp(NYSE:O) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $287.843M. Analysts estimated a revenue of $282.540M. The revenues were 1.88% above the estimates. Earnings per share were $0.75. The reported EPS was above estimates by 150%. Analysts had estimated an EPS of $0.3.
In a different note, On Jan 9, 2017, Raymond James said it Downgrades its rating on Realty Income Corp. The shares have been rated ‘Underperform’ by the firm. On Dec 13, 2016, Morgan Stanley said it Upgrades its rating on Realty Income Corp. The shares have been rated ‘Overweight’ by the firm.
Realty Income Corp (O) shares turned negative on Wednesdays trading session with the shares closing down -0.38 points or -0.62% at a volume of 11,32,470. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.83. The peak price level was also seen at $61.83 while the days lowest was $60.83. Finally the shares closed at $61.14. The 52-week high of the shares is $72.295 while the 52-week low is $52.72. According to the latest information available, the market cap of the company is $15,811 M.
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.