Alethea Capital Management adds Realty Income Corp (O) to its portfolio

Realty Income Corp (O) : Alethea Capital Management added new position in Realty Income Corp during the most recent quarter end. The investment management firm now holds 31,895 shares of Realty Income Corp which is valued at $2,245,727 , the company said in a statement filed on Jul 22, 2016 with the SEC.Realty Income Corp makes up approximately 3.02% of Alethea Capital Management’s portfolio.

Other Hedge Funds, Including , Gemmer Asset Management reduced its stake in O by selling 88 shares or 63.31% in the most recent quarter. The Hedge Fund company now holds 51 shares of O which is valued at $3,591.Chesley Taft Associates reduced its stake in O by selling 925 shares or 7.55% in the most recent quarter. The Hedge Fund company now holds 11,325 shares of O which is valued at $797,393. Realty Income Corp makes up approx 0.08% of Chesley Taft Associates’s portfolio.Cypress Asset Management Inctx reduced its stake in O by selling 930 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 25,505 shares of O which is valued at $1,780,249. Realty Income Corp makes up approx 0.35% of Cypress Asset Management Inctx’s portfolio.

Realty Income Corp opened for trading at $70.85 and hit $71.96 on the upside on Friday, eventually ending the session at $71.47, with a gain of 1.12% or 0.79 points. The heightened volatility saw the trading volume jump to 39,25,010 shares. Company has a market cap of $17,946 M.

On the company’s financial health, Realty Income Corp reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.72. The company had revenue of $260.06 million for the quarter, compared to analysts expectations of $260.62 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Realty Income Corp. Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 73 from a previous price target of $66 .

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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