Weaver C. Barksdale Associates Lowers stake in Realty Income Corp (O)

Realty Income Corp (O) : Weaver C. Barksdale Associates reduced its stake in Realty Income Corp by 11.86% during the most recent quarter end. The investment management company now holds a total of 14,950 shares of Realty Income Corp which is valued at $909,110 after selling 2,012 shares in Realty Income Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Realty Income Corp makes up approximately 1.56% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in O in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 119,580 shares of Realty Income Corp which is valued at $7,271,660. Realty Income Corp makes up approx 0.10% of Nisa Investment Advisors’s portfolio.Raymond James Trust N.a. reduced its stake in O by selling 2,398 shares or 15.03% in the most recent quarter. The Hedge Fund company now holds 13,557 shares of O which is valued at $842,025. Realty Income Corp makes up approx 0.07% of Raymond James Trust N.a.’s portfolio.Eqis Capital Management boosted its stake in O in the latest quarter, The investment management firm added 1,104 additional shares and now holds a total of 6,203 shares of Realty Income Corp which is valued at $384,090. Realty Income Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.

Realty Income Corp closed down -1.3 points or -2.09% at $60.81 with 17,05,030 shares getting traded on Tuesday. Post opening the session at $61.89, the shares hit an intraday low of $60.705 and an intraday high of $62 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.

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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