Schnieders Capital Management Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Schnieders Capital Management reduced its stake in Realty Income Corp by 1.37% during the most recent quarter end. The investment management company now holds a total of 34,839 shares of Realty Income Corp which is valued at $2.2 Million after selling 485 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Realty Income Corp makes up approximately 1.31% of Schnieders Capital Management’s portfolio.

Other Hedge Funds, Including , D’orazio Associates boosted its stake in O in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 687 shares of Realty Income Corp which is valued at $43,707. Realty Income Corp makes up approx 0.02% of D’orazio Associates’s portfolio.Thrivent Financial For Lutherans reduced its stake in O by selling 5,360 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 51,388 shares of O which is valued at $3.3 Million. Realty Income Corp makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio. Ridgeworth Capital Management sold out all of its stake in O during the most recent quarter. The investment firm sold 250 shares of O which is valued $15,905.Public Employees Retirement Association Of Colorado reduced its stake in O by selling 207 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 62,472 shares of O which is valued at $3.7 Million. Realty Income Corp makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.

Realty Income Corp closed down -0.05 points or -0.08% at $59.38 with 19,01,464 shares getting traded on Wednesday. Post opening the session at $59.45, the shares hit an intraday low of $58.3 and an intraday high of $59.485 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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