Realty Income (NYSE:O) Trading Down 0.1% on Insider Selling

Realty Income Co. (NYSE:O) shares dropped 0.1% during mid-day trading on Friday following insider selling activity. The company traded as low as $51.95 and last traded at $52.18. Approximately 1,463,092 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 6,897,931 shares. The stock had previously closed at $52.24.

Specifically, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Realty Income Trading Down 0.5 %

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $44.77 billion, a PE ratio of 41.27, a P/E/G ratio of 5.41 and a beta of 0.92. The company’s 50-day moving average is $52.63 and its 200 day moving average is $53.27.

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

Realty Income Dividend Announcement

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

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Norges Bank acquired a new position in Realty Income in the 4th quarter valued at $506,526,000. Moneta Group Investment Advisors LLC grew its stake in Realty Income by 100,285.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after buying an additional 8,615,530 shares during the last quarter. Vanguard Group Inc. grew its stake in Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. Principal Financial Group Inc. grew its stake in Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after buying an additional 2,560,597 shares during the last quarter. Finally, Scharf Investments LLC acquired a new position in Realty Income in the 3rd quarter valued at $122,526,000. Hedge funds and other institutional investors 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.