Mary Hogan Preusse Sells 1,712 Shares of Realty Income Co. (NYSE:O) Stock

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

Realty Income Price Performance

Shares of Realty Income stock traded up $0.30 during trading on Friday, hitting $62.71. 3,500,137 shares of the company were exchanged, compared to its average volume of 5,871,873. The firm has a 50 day moving average price of $59.30 and a 200 day moving average price of $55.26. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 58.06, a P/E/G ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.39.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. On average, equities analysts expect that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company 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 $0.2635 dividend. This is a boost from Realty Income's previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income's payout ratio is presently 292.59%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on O shares. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 price target for the company. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Morgan Stanley reiterated an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus upped their price target on Realty Income from $67.50 to $70.25 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $62.38.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake 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 worth $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $506,526,000. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Realty Income by 213.3% in 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 acquiring an additional 1,478,577 shares during the last quarter. Raymond James & Associates grew its holdings in Realty Income by 76.6% in 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 during the period. Finally, GRS Advisors LLC acquired a new position in Realty Income during the fourth quarter worth approximately $58,843,000. Institutional investors and hedge funds own 70.81% of the company's stock.

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.

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