Lpl Financial Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Lpl Financial reduced its stake in Realty Income Corp by 44.58% during the most recent quarter end. The investment management company now holds a total of 175,346 shares of Realty Income Corp which is valued at $12,035,749 after selling 141,071 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Realty Income Corp makes up approximately 0.10% of Lpl Financial’s portfolio.

Other Hedge Funds, Including , Grs Advisors added O to its portfolio by purchasing 105,500 company shares during the most recent quarter which is valued at $7,241,520. Realty Income Corp makes up approx 1.96% of Grs Advisors’s portfolio.Kayne Anderson Rudnick Investment Management boosted its stake in O in the latest quarter, The investment management firm added 765 additional shares and now holds a total of 72,786 shares of Realty Income Corp which is valued at $4,981,474. Realty Income Corp makes up approx 0.07% of Kayne Anderson Rudnick Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in O in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 89,500 shares of Realty Income Corp which is valued at $6,191,610. Realty Income Corp makes up approx 0.05% of State Treasurer State Of Michigan’s portfolio.Quadrant Capital Management reduced its stake in O by selling 875 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 33,417 shares of O which is valued at $2,352,891. Realty Income Corp makes up approx 1.93% of Quadrant Capital Management’s portfolio.

Realty Income Corp opened for trading at $65.6 and hit $66.1 on the upside on Thursday, eventually ending the session at $65.74, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 14,53,949 shares. Company has a market cap of $16,998 M.

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.

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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