American Investment Services buys $497,954 stake in Realty Income Corp (O)

Realty Income Corp (O) : American Investment Services scooped up 400 additional shares in Realty Income Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 7,827 shares of Realty Income Corp which is valued at $497,954.Realty Income Corp makes up approximately 0.25% of American Investment Services’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh reduced its stake in O by selling 7,050 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 196,955 shares of O which is valued at $12.5 Million. Realty Income Corp makes up approx 0.08% of Keybank National Associationoh’s portfolio.Allegis Investment Advisors boosted its stake in O in the latest quarter, The investment management firm added 2,899 additional shares and now holds a total of 14,750 shares of Realty Income Corp which is valued at $938,395. Realty Income Corp makes up approx 0.54% of Allegis Investment Advisors’s portfolio.Cwh Capital Management reduced its stake in O by selling 62,695 shares or 55.41% in the most recent quarter. The Hedge Fund company now holds 50,450 shares of O which is valued at $3.2 Million. Realty Income Corp makes up approx 2.27% of Cwh Capital Management’s portfolio.Quantbot Technologies Lp reduced its stake in O by selling 36,216 shares or 65.95% in the most recent quarter. The Hedge Fund company now holds 18,698 shares of O which is valued at $1.1 Million. Realty Income Corp makes up approx 0.17% of Quantbot Technologies Lp’s portfolio.

Realty Income Corp opened for trading at $59.33 and hit $59.33 on the upside on Friday, eventually ending the session at $59.19, with a gain of 0.24% or 0.14 points. The heightened volatility saw the trading volume jump to 33,45,647 shares. Company has a market cap of $14,862 M.

On the company’s financial health, Realty Income Corp reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.71. The company had revenue of $267.12 million for the quarter, compared to analysts expectations of $255.14 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Investors should note that on May 17, 2016, Realty Income Corp announced a cash dividend of $0.1990. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Realty Income Corp. Company shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 58 from a previous price target of $51 .Company shares were Downgraded by Wunderlich on Feb 16, 2016 to ” Sell”, Firm has raised the Price Target to $ 53 from a previous price target of $47.50 .

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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