Realty Income Corp (O) : Lehman Financial Resources reduced its stake in Realty Income Corp by 2.52% during the most recent quarter end. The investment management company now holds a total of 65,648 shares of Realty Income Corp which is valued at $4,506,079 after selling 1,696 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Realty Income Corp makes up approximately 2.26% of Lehman Financial Resources’s portfolio.
Other Hedge Funds, Including , Quadrature Capital Ltd added O to its portfolio by purchasing 6,529 company shares during the most recent quarter which is valued at $448,151. Realty Income Corp makes up approx 0.03% of Quadrature Capital Ltd’s portfolio.Marco Investment Management reduced its stake in O by selling 246 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 34,513 shares of O which is valued at $2,368,972. Realty Income Corp makes up approx 0.34% of Marco Investment Management’s portfolio.Keybank National Associationoh boosted its stake in O in the latest quarter, The investment management firm added 11,101 additional shares and now holds a total of 208,056 shares of Realty Income Corp which is valued at $14,280,964. Realty Income Corp makes up approx 0.09% of Keybank National Associationoh’s portfolio.Neuberger Berman Group reduced its stake in O by selling 142,331 shares or 21.77% in the most recent quarter. The Hedge Fund company now holds 511,481 shares of O which is valued at $35,067,137. Realty Income Corp makes up approx 0.05% of Neuberger Berman Group’s portfolio. Eii Capital Management sold out all of its stake in O during the most recent quarter. The investment firm sold 900 shares of O which is valued $62,262.
Realty Income Corp closed down -0.17 points or -0.25% at $67.29 with 6,97,624 shares getting traded on Tuesday. Post opening the session at $67.6, the shares hit an intraday low of $67.26 and an intraday high of $67.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 $ -0.02 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.
Investors should note that on Jul 27, 2016, Realty Income Corp announced a cash dividend of $0.2015. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on Realty Income Corp. Company shares were Reiterated by Wunderlich on Aug 1, 2016 to “Sell”, Firm has raised the Price Target to $ 60 from a previous price target of $53 .Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 66 from a previous price target of $58 .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.