Realty Income Corp (O) : Provise Management Group reduced its stake in Realty Income Corp by 13.21% during the most recent quarter end. The investment management company now holds a total of 38,565 shares of Realty Income Corp which is valued at $2,667,927 after selling 5,871 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Realty Income Corp makes up approximately 0.48% of Provise Management Group’s portfolio.
Other Hedge Funds, Including , 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.First Citizens Bank Trust Co reduced its stake in O by selling 2,776 shares or 11.53% in the most recent quarter. The Hedge Fund company now holds 21,294 shares of O which is valued at $1,521,882. Realty Income Corp makes up approx 0.13% of First Citizens Bank Trust Co’s portfolio.Daiwa Securities Group reduced its stake in O by selling 829,708 shares or 94.28% in the most recent quarter. The Hedge Fund company now holds 50,350 shares of O which is valued at $3,503,857. Realty Income Corp makes up approx 0.02% of Daiwa Securities Group’s portfolio.Cibc World Markets boosted its stake in O in the latest quarter, The investment management firm added 5,607 additional shares and now holds a total of 10,653 shares of Realty Income Corp which is valued at $750,078.Nn Investment Partners Holdings N.v. boosted its stake in O in the latest quarter, The investment management firm added 285,300 additional shares and now holds a total of 744,570 shares of Realty Income Corp which is valued at $52,715,556. Realty Income Corp makes up approx 0.48% of Nn Investment Partners Holdings N.v.’s portfolio.
Realty Income Corp closed down -0.12 points or -0.18% at $68.44 with 10,58,527 shares getting traded on Monday. Post opening the session at $68.46, the shares hit an intraday low of $67.75 and an intraday high of $68.85 and the price fluctuated in this range throughout the day.Shares ended Monday 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.