Realty Income Corp (O) : Farmers Merchants Investments Inc reduced its stake in Realty Income Corp by 0.92% during the most recent quarter end. The investment management company now holds a total of 155,118 shares of Realty Income Corp which is valued at $10,827,236 after selling 1,440 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Realty Income Corp makes up approximately 1.17% of Farmers Merchants Investments Inc’s portfolio.
Other Hedge Funds, Including , Leavell Investment Management boosted its stake in O in the latest quarter, The investment management firm added 3,450 additional shares and now holds a total of 35,125 shares of Realty Income Corp which is valued at $2,451,725. Realty Income Corp makes up approx 0.35% of Leavell Investment Management’s portfolio. James Investment Research Inc added O to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $5,109.Sonora Investment Management reduced its stake in O by selling 700 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of O which is valued at $293,916. Realty Income Corp makes up approx 0.16% of Sonora Investment Management’s portfolio.Creative Planning boosted its stake in O in the latest quarter, The investment management firm added 3,923 additional shares and now holds a total of 42,057 shares of Realty Income Corp which is valued at $2,977,636. Realty Income Corp makes up approx 0.02% of Creative Planning’s portfolio.Benjamin F. Edwards Company reduced its stake in O by selling 1,409 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 27,133 shares of O which is valued at $1,921,016. Realty Income Corp makes up approx 0.37% of Benjamin F. Edwards Company’s portfolio.
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.