Hochman Cole Investment Advisors Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Hochman Cole Investment Advisors reduced its stake in Realty Income Corp by 1.95% during the most recent quarter end. The investment management company now holds a total of 32,592 shares of Realty Income Corp which is valued at $2,053,622 after selling 648 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Realty Income Corp makes up approximately 1.73% of Hochman Cole Investment Advisors’s portfolio.

Realty Income Corp opened for trading at $62.67 and hit $63.08 on the upside on Friday, eventually ending the session at $63.01, with a gain of 0.54% or 0.34 points. The heightened volatility saw the trading volume jump to 11,47,259 shares. Company has a market cap of $15,786 M.

Other Hedge Funds, Including , Eqis Capital Management reduced its stake in O by selling 660 shares or 8.16% in the most recent quarter. The Hedge Fund company now holds 7,432 shares of O which is valued at $468,216. Realty Income Corp makes up approx 0.03% of Eqis Capital Management’s portfolio.Kistler-tiffany Companies reduced its stake in O by selling 338 shares or 10.71% in the most recent quarter. The Hedge Fund company now holds 2,819 shares of O which is valued at $177,597. Realty Income Corp makes up approx 0.10% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Realty Income Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.69. The company had revenue of $263.70 million for the quarter, compared to analysts expectations of $251.33 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

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 .Company shares were Reiterated by Oppenheimer on Feb 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $56 .

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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