Realty Income Corp (O) : Private Harbour Investment Management Counsel reduced its stake in Realty Income Corp by 0.86% during the most recent quarter end. The investment management company now holds a total of 11,465 shares of Realty Income Corp which is valued at $793,149 after selling 100 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Realty Income Corp makes up approximately 0.64% of Private Harbour Investment Management Counsel’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in O in the latest quarter, The investment management firm added 17,288 additional shares and now holds a total of 136,281 shares of Realty Income Corp which is valued at $9,427,920. Realty Income Corp makes up approx 0.03% of Aberdeen Asset Management Plcuk’s portfolio. Terra Nova Asset Management sold out all of its stake in O during the most recent quarter. The investment firm sold 9,644 shares of O which is valued $671,126.Hartford Investment Management Co boosted its stake in O in the latest quarter, The investment management firm added 1,625 additional shares and now holds a total of 62,798 shares of Realty Income Corp which is valued at $4,421,607. Realty Income Corp makes up approx 0.09% of Hartford Investment Management Co’s portfolio.Acadian Asset Management reduced its stake in O by selling 3,487 shares or 96.75% in the most recent quarter. The Hedge Fund company now holds 117 shares of O which is valued at $8,167.
Realty Income Corp opened for trading at $69.34 and hit $70.16 on the upside on Thursday, eventually ending the session at $69.54, with a gain of 0.52% or 0.36 points. The heightened volatility saw the trading volume jump to 11,67,209 shares. Company has a market cap of $17,981 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.
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.