Realty Income Co. (NYSE:O) Director Sells $107,136.96 in Stock

Realty Income Co. (NYSE:O) Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Realty Income Stock Up 0.5 %

Shares of Realty Income stock traded up $0.30 during trading on Friday, reaching $62.71. The company had a trading volume of 3,500,137 shares, compared to its average volume of 5,871,873. The company has a market cap of $54.61 billion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.39. The firm’s fifty day moving average is $59.30 and its 200-day moving average is $55.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts anticipate that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. This represents a yield of 5%. Realty Income’s payout ratio is presently 292.59%.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of O. Vanguard Group Inc. grew its position in shares of Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank bought a new position in shares of Realty Income during the fourth quarter valued at approximately $506,526,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after purchasing an additional 1,478,577 shares during the last quarter. Raymond James & Associates raised its position in shares of Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after purchasing an additional 1,460,884 shares during the period. Finally, GRS Advisors LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $58,843,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Robert W. Baird boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus upped their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, UBS Group increased their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.38.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.