Wunderlich Securities buys $634,070 stake in Realty Income Corp (O)

Realty Income Corp (O) : Wunderlich Securities scooped up 1,786 additional shares in Realty Income Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 10,063 shares of Realty Income Corp which is valued at $634,070.Realty Income Corp makes up approximately 0.94% of Wunderlich Securities’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 , State Of Alaska Department Of Revenue boosted its stake in O in the latest quarter, The investment management firm added 24,796 additional shares and now holds a total of 104,410 shares of Realty Income Corp which is valued at $6,578,874. Realty Income Corp makes up approx 0.69% of State Of Alaska Department Of Revenue’s portfolio.Central Trust Co boosted its stake in O in the latest quarter, The investment management firm added 549 additional shares and now holds a total of 1,939 shares of Realty Income Corp which is valued at $122,176. Realty Income Corp makes up approx 0.01% of Central Trust Co’s portfolio.Central Bank Trust Co reduced its stake in O by selling 298 shares or 29.86% in the most recent quarter. The Hedge Fund company now holds 700 shares of O which is valued at $44,107. Realty Income Corp makes up approx 0.01% of Central Bank Trust Co’s portfolio.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 $3,640,077. 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 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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