Realty Income (NYSE:O) Stock Price Down 0.1% Following Insider Selling

Realty Income Co. (NYSE:O)’s stock price traded down 0.1% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $62.60 and last traded at $62.64. 544,031 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 5,841,944 shares. The stock had previously closed at $62.71.

Specifically, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

O has been the subject of several research analyst reports. Scotiabank increased their target price on Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company boosted their target price on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their target price on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.38.

Realty Income Stock Down 0.0 %

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $59.68 and its two-hundred day moving average price is $55.45. The firm has a market cap of $54.58 billion, a P/E ratio of 58.04, a P/E/G ratio of 4.65 and a beta of 0.99.

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

Realty Income Increases Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Institutional Trading of Realty Income

Several hedge funds and other institutional investors have recently bought and sold shares of O. Vanguard Group Inc. increased its holdings in Realty Income by 18.3% in 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 period. Norges Bank acquired a new position in Realty Income in the fourth quarter worth about $506,526,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in 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 worth $124,708,000 after purchasing an additional 1,478,577 shares during the period. Raymond James & Associates boosted its holdings in Realty Income by 76.6% during the second quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after purchasing an additional 1,460,884 shares in the last quarter. Finally, GRS Advisors LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $58,843,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.