Mary Hogan Preusse Sells 11,000 Shares of Realty Income (NYSE:O) Stock

Key Points

• Mary Hogan Preusse, a director at Realty Income Corporation, sold 11,000 shares of the company's stock at an average price of $60.43, resulting in a total value of $664,730.
• Realty Income recently increased its monthly dividend to $0.2695 per share, with an annualized yield of 5.3% and a high dividend payout ratio of 313.59%.
• The company posted a quarterly earnings report showing an EPS of $1.05, slightly missing analysts' expectations, while revenue increased by 5.3% year-over-year.

Realty Income Corporation (NYSE:O - Get Free Report) Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Realty Income Price Performance

Shares of Realty Income stock traded down $0.25 during trading hours on Wednesday, hitting $60.55. The company's stock had a trading volume of 5,630,247 shares, compared to its average volume of 5,547,272. The business has a 50 day moving average price of $58.59 and a two-hundred day moving average price of $57.30. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market cap of $55.36 billion, a PE ratio of 58.78, a PEG ratio of 4.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. Realty Income's revenue was up 5.3% on a year-over-year basis. Analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Analyst Ratings Changes

A number of research firms recently commented on O. Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday. They issued a "neutral" rating and a $64.00 target price on the stock. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Mizuho boosted their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Scotiabank boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Finally, Barclays boosted their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $62.25.

Institutional Trading of Realty Income

A number of hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in Realty Income by 1.1% during the second quarter. Corient Private Wealth LLC now owns 146,510 shares of the real estate investment trust's stock worth $8,440,000 after buying an additional 1,538 shares during the period. National Wealth Management Group LLC purchased a new stake in Realty Income during the second quarter worth $224,000. Caldwell Trust Co purchased a new stake in Realty Income during the second quarter worth $199,000. Canal Capital Management LLC lifted its holdings in Realty Income by 3.9% during the second quarter. Canal Capital Management LLC now owns 114,516 shares of the real estate investment trust's stock worth $6,597,000 after buying an additional 4,266 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Realty Income by 22.1% during the second quarter. Valeo Financial Advisors LLC now owns 8,384 shares of the real estate investment trust's stock worth $483,000 after buying an additional 1,516 shares during the period. 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.

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