Dearborn Partners buys $23,439,189 stake in Realty Income Corp (O)

Realty Income Corp (O) : Dearborn Partners scooped up 8,775 additional shares in Realty Income Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 335,805 shares of Realty Income Corp which is valued at $23,439,189.Realty Income Corp makes up approximately 1.99% of Dearborn Partners’s portfolio.

Other Hedge Funds, Including , Hochman Cole Investment Advisors sold out all of its stake in O during the most recent quarter. The investment firm sold 32,592 shares of O which is valued $2,274,922. Community Bank N.a. added O to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $13,996.

Realty Income Corp closed down -0.49 points or -0.70% at $69.8 with 10,32,665 shares getting traded on Wednesday. Post opening the session at $70.31, the shares hit an intraday low of $69.57 and an intraday high of $70.39 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 Jul 12, 2016, Realty Income Corp announced a cash dividend of $0.1995. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.

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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