Gierl Augustine Investment Management Inc Exits Position in Realty Income Corp (O)

Realty Income Corp (O) : Gierl Augustine Investment Management Inc has sold out all of its stake in Realty Income Corp during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 434 shares of Realty Income Corp which is valued at $26,925.

Other Hedge Funds, Including , National Pension Service boosted its stake in O in the latest quarter, The investment management firm added 16,428 additional shares and now holds a total of 199,226 shares of Realty Income Corp which is valued at $12,359,981. Realty Income Corp makes up approx 0.10% of National Pension Service’s portfolio. Edge Wealth Management sold out all of its stake in O during the most recent quarter. The investment firm sold 11 shares of O which is valued $690. W.g. Shaheen Associates Dba Whitney Co added O to its portfolio by purchasing 3,950 company shares during the most recent quarter which is valued at $247,705. Realty Income Corp makes up approx 0.10% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Washington Trust Bank boosted its stake in O in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 133 shares of Realty Income Corp which is valued at $8,235.

Realty Income Corp closed down -0.67 points or -1.07% at $62.04 with 8,93,870 shares getting traded on Friday. Post opening the session at $62.52, the shares hit an intraday low of $61.7401 and an intraday high of $62.95 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Oct 11, 2016, Realty Income Corp announced a cash dividend of $0.2020. The company’s management has announced Oct 28, 2016 as the ex-dividend date and fixed the record date on Nov 1, 2016. The payable date has been fixed on Nov 15, 2016.

Many Wall Street Analysts have commented on Realty Income Corp. Mizuho Initiated Realty Income Corp on Oct 14, 2016 to “Neutral”, Price Target of the shares are set at $65.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 .

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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