Weaver C. Barksdale Associates Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Weaver C. Barksdale Associates reduced its stake in Realty Income Corp by 0.74% during the most recent quarter end. The investment management company now holds a total of 16,962 shares of Realty Income Corp which is valued at $1.1 Million after selling 126 shares in Realty Income Corp according to a report filed by the company on Apr 5, 2016 with the SEC.Realty Income Corp makes up approximately 0.81% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , Private Asset Management Inc reduced its stake in O by selling 4,775 shares or 7.63% in the most recent quarter. The Hedge Fund company now holds 57,779 shares of O which is valued at $3.6 Million. Realty Income Corp makes up approx 0.66% of Private Asset Management Inc’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 Corp (O) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $62.96 and reached the intraday high at $63.49. The bulls started the profit booking and pushed the shares to intraday low of $62.9. The trading session was marked by a volume range of 11,53,776 shares exchanging hands. The 52-week high of the shares is $63.49 and the 52-week low is $43.15. The market cap of the company stands at $15,784 M and there are 25,05,38,260 shares in public circulation.

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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