Parasol Investment Management Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Parasol Investment Management reduced its stake in Realty Income Corp by 13.08% during the most recent quarter end. The investment management company now holds a total of 9,310 shares of Realty Income Corp which is valued at $651,514 after selling 1,401 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Realty Income Corp makes up approximately 0.67% of Parasol Investment Management’s portfolio.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in O in the latest quarter, The investment management firm added 474 additional shares and now holds a total of 20,688 shares of Realty Income Corp which is valued at $1,464,710. Realty Income Corp makes up approx 0.01% of Gateway Investment Advisers’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. Spirit Of America Management Corpny added O to its portfolio by purchasing 4,630 company shares during the most recent quarter which is valued at $323,683. Realty Income Corp makes up approx 0.05% of Spirit Of America Management Corpny’s portfolio.

Realty Income Corp opened for trading at $69.95 and hit $70.2801 on the upside on Monday, eventually ending the session at $69.98, with a gain of 0.20% or 0.14 points. The heightened volatility saw the trading volume jump to 10,21,778 shares. Company has a market cap of $17,571 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.

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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