Tiemann Investment Advisors buys $2,301,156 stake in Realty Income Corp (O)

Realty Income Corp (O) : Tiemann Investment Advisors scooped up 3,215 additional shares in Realty Income Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 33,525 shares of Realty Income Corp which is valued at $2,301,156.Realty Income Corp makes up approximately 2.09% of Tiemann Investment Advisors’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in O in the latest quarter, The investment management firm added 2,045 additional shares and now holds a total of 20,628 shares of Realty Income Corp which is valued at $1,415,906. Realty Income Corp makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Clifford Swan Investment Counsel reduced its stake in O by selling 2,150 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 30,408 shares of O which is valued at $2,087,205. Realty Income Corp makes up approx 0.14% of Clifford Swan Investment Counsel’s portfolio.Cambridge Investment Research Advisors boosted its stake in O in the latest quarter, The investment management firm added 13,489 additional shares and now holds a total of 226,835 shares of Realty Income Corp which is valued at $15,551,808. Realty Income Corp makes up approx 0.32% of Cambridge Investment Research Advisors’s portfolio.New Mexico Educational Retirement Board boosted its stake in O in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 30,000 shares of Realty Income Corp which is valued at $2,075,400. Realty Income Corp makes up approx 0.09% of New Mexico Educational Retirement Board’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.

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.

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