Adelante Capital Management Cut Realty Income (O) Stake; 4 Analysts Bullish AltaGas Ltd. (TSE:ALA)

December 7, 2017 - By Linda Rogers

Adelante Capital Management Llc decreased Realty Income (O) stake by 6.89% reported in 2017Q2 SEC filing. Adelante Capital Management Llc sold 18,325 shares as Realty Income (O)’s stock declined 10.86%. The Adelante Capital Management Llc holds 247,665 shares with $13.67 million value, down from 265,990 last quarter. Realty Income now has $15.44B valuation. The stock decreased 0.94% or $0.52 during the last trading session, reaching $54.7. About 2.30M shares traded or 39.30% up from the average. Realty Income Corporation (NYSE:O) has declined 8.21% since December 7, 2016 and is downtrending. It has underperformed by 24.91% the S&P500.

Among 8 analysts covering AltaGas Ltd. (TSE:ALA), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. AltaGas Ltd. had 49 analyst reports since July 31, 2015 according to SRatingsIntel. National Bank Canada maintained it with “Sector Perform” rating and $34 target in Tuesday, June 7 report. The rating was maintained by IBC on Tuesday, June 7 with “Sector Perform”. The company was maintained on Tuesday, June 7 by RBC Capital Markets. Raymond James maintained AltaGas Ltd. (TSE:ALA) rating on Tuesday, January 24. Raymond James has “Market Perform” rating and $34 target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, March 20 report. As per Friday, October 21, the company rating was downgraded by GMP Securities. On Tuesday, January 24 the stock rating was maintained by Scotia Capital with “Sector Perform”. As per Friday, October 2, the company rating was reinitiated by TD Securities. Desjardins Securities upgraded AltaGas Ltd. (TSE:ALA) rating on Monday, October 24. Desjardins Securities has “Buy” rating and $38 target. The company was upgraded on Friday, October 2 by Canaccord Genuity. See AltaGas Ltd. (TSE:ALA) latest ratings:

20/10/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $32.00 Maintain
20/10/2017 Broker: IBC Rating: Old Target: $38.00 New Target: $35.00 Target Down
20/10/2017 Broker: Scotia Capital Rating: Outperform Old Target: $36.00 New Target: $34.00 Target Down

Among 15 analysts covering Realty Income (NYSE:O), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Realty Income had 30 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of O in report on Sunday, August 20 with “Buy” rating. The rating was downgraded by Bank of America to “Neutral” on Monday, December 5. As per Tuesday, December 13, the company rating was upgraded by Morgan Stanley. The firm earned “Neutral” rating on Friday, October 14 by Mizuho. The rating was maintained by Ladenburg with “Hold” on Thursday, July 27. Zacks downgraded the stock to “Buy” rating in Thursday, August 27 report. The firm has “Hold” rating given on Tuesday, September 22 by Zacks. The firm has “Hold” rating by FBR Capital given on Monday, December 4. Wunderlich downgraded the shares of O in report on Tuesday, February 16 to “Sell” rating. The rating was maintained by Stifel Nicolaus on Thursday, October 29 with “Buy”.

Since June 19, 2017, it had 0 insider purchases, and 1 sale for $449,840 activity. Huskins Priya Cherian sold $449,840 worth of stock or 8,000 shares.

Investors sentiment increased to 1.26 in 2017 Q2. Its up 0.10, from 1.16 in 2017Q1. It improved, as 42 investors sold O shares while 155 reduced holdings. 54 funds opened positions while 195 raised stakes. 185.55 million shares or 0.50% more from 184.62 million shares in 2017Q1 were reported. Bnp Paribas Asset Management Sa has invested 0.09% in Realty Income Corporation (NYSE:O). Daiwa Sb Investments Ltd invested in 2,140 shares or 0.03% of the stock. Moreover, Chevy Chase Tru has 0.06% invested in Realty Income Corporation (NYSE:O). Connors Investor Services reported 5,638 shares. Citigroup has 266,035 shares. The Michigan-based Comerica National Bank has invested 0.04% in Realty Income Corporation (NYSE:O). Suntrust Banks holds 99,178 shares or 0.03% of its portfolio. Bradley Foster & Sargent Ct invested in 0.32% or 143,438 shares. Pggm stated it has 3.05M shares or 0.86% of all its holdings. Amer International Grp reported 0.02% stake. Amer Rech Management has invested 1.19% in Realty Income Corporation (NYSE:O). Financial Counselors invested in 3,900 shares or 0.01% of the stock. Telemus Limited Com holds 0.08% or 10,000 shares. Palladium Prtnrs reported 0.02% of its portfolio in Realty Income Corporation (NYSE:O). Guardian Life Insurance Communications Of America reported 617 shares.

Analysts await Realty Income Corporation (NYSE:O) to report earnings on February, 28. They expect $0.77 EPS, 0.00% or $0.00 from last year’s $0.77 per share. O’s profit will be $217.29M for 17.76 P/E if the $0.77 EPS becomes a reality. After $0.77 actual EPS reported by Realty Income Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock decreased 0.17% or $0.05 during the last trading session, reaching $29.01. About 438,790 shares traded. AltaGas Ltd. (TSE:ALA) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

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