Realty Income Co. (NYSE:O) Director A. Larry Chapman Sells 5,000 Shares

Realty Income Co. (NYSE:O) Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a filing with the SEC, which is available through this link.

Realty Income Stock Up 1.0 %

Shares of NYSE O traded up $0.60 during trading hours on Friday, hitting $61.10. 4,239,747 shares of the stock were exchanged, compared to its average volume of 6,044,447. The firm has a fifty day moving average price of $56.49 and a 200-day moving average price of $54.26. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.60. The company has a market cap of $53.20 billion, a PE ratio of 56.48, a PEG ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a $0.263 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio is currently 291.67%.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. American National Bank purchased a new position in Realty Income in the 4th quarter worth $25,000. Vima LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Pacifica Partners Inc. boosted its position in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Realty Income during the 1st quarter worth approximately $27,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on O. Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank boosted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. UBS Group increased their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.73.

About Realty Income

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.