Laurel Wealth Advisors Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Laurel Wealth Advisors reduced its stake in Realty Income Corp by 0.2% during the most recent quarter end. The investment management company now holds a total of 37,155 shares of Realty Income Corp which is valued at $2,597,506 after selling 76 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Realty Income Corp makes up approximately 1.27% of Laurel Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Indiana Trust Investment Management Co added O to its portfolio by purchasing 4,567 company shares during the most recent quarter which is valued at $326,403. Realty Income Corp makes up approx 0.17% of Indiana Trust Investment Management Co’s portfolio. Stock Yards Bank Trust Co added O to its portfolio by purchasing 2,925 company shares during the most recent quarter which is valued at $209,050. Realty Income Corp makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.

Realty Income Corp opened for trading at $69.92 and hit $70.67 on the upside on Monday, eventually ending the session at $70.52, with a gain of 0.87% or 0.61 points. The heightened volatility saw the trading volume jump to 13,70,233 shares. Company has a market cap of $17,707 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.

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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