Realty Income Co. (NYSE:O) Director Sells $271,150.00 in Stock

Realty Income Co. (NYSE:O) Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Realty Income Stock Performance

NYSE O opened at $52.00 on Friday. The company’s 50 day moving average is $52.63 and its 200-day moving average is $53.27. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $44.77 billion, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 5.42 and a beta of 0.92.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Sell-side analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s dividend payout ratio is presently 244.45%.

Analyst Ratings Changes

Several research analysts recently weighed in on O shares. Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Mizuho dropped their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.96.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of O. Panagora Asset Management Inc. lifted its stake in Realty Income by 33.7% in the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after purchasing an additional 6,433 shares in the last quarter. Blair William & Co. IL lifted its stake in Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after purchasing an additional 345 shares in the last quarter. Prudential PLC purchased a new stake in Realty Income in the 1st quarter worth approximately $592,000. Baird Financial Group Inc. lifted its stake in Realty Income by 8.2% in the 1st quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after purchasing an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Realty Income by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 1,671 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.