Sumitomo Mitsui Asset Management Company Ltd buys $39.1 Million stake in Realty Income Corp (O)

Realty Income Corp (O) : Sumitomo Mitsui Asset Management Company Ltd scooped up 158,842 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 11, 2016. The investment management firm now holds a total of 614,353 shares of Realty Income Corp which is valued at $39.1 Million.Realty Income Corp makes up approximately 1.21% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in O by selling 2,528 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 55,950 shares of O which is valued at $3.6 Million. Realty Income Corp makes up approx 0.09% of Shell Asset Management Co’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in O in the latest quarter, The investment management firm added 326,947 additional shares and now holds a total of 8,600,157 shares of Realty Income Corp which is valued at $547.1 Million. Realty Income Corp makes up approx 0.09% of Blackrock Institutional Trust Company N.a.’s portfolio.Eii Capital Management reduced its stake in O by selling 4,700 shares or 83.93% in the most recent quarter. The Hedge Fund company now holds 900 shares of O which is valued at $57,258. Realty Income Corp makes up approx 0.02% of Eii Capital Management’s portfolio.Profund Advisors reduced its stake in O by selling 2,623 shares or 13.62% in the most recent quarter. The Hedge Fund company now holds 16,639 shares of O which is valued at $1.1 Million. Realty Income Corp makes up approx 0.05% of Profund Advisors’s portfolio.Cadence Capital Management boosted its stake in O in the latest quarter, The investment management firm added 749 additional shares and now holds a total of 17,030 shares of Realty Income Corp which is valued at $1.1 Million. Realty Income Corp makes up approx 0.08% of Cadence Capital Management’s portfolio.

Realty Income Corp opened for trading at $63.61 and hit $64.11 on the upside on Monday, eventually ending the session at $63.91, with a gain of 0.46% or 0.29 points. The heightened volatility saw the trading volume jump to 11,84,572 shares. Company has a market cap of $16,047 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.

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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