Rep. Jefferson Shreve Sells Realty Income Corporation (NYSE:O) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Realty Income Corporation NYSE: O. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Realty Income stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Realty Income Price Performance

O stock traded up $0.33 during trading on Thursday, hitting $58.21. The stock had a trading volume of 1,512,951 shares, compared to its average volume of 5,577,039. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company's 50 day moving average price is $56.90 and its two-hundred day moving average price is $56.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 4.06 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. On average, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's payout ratio is currently 293.64%.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Finally, Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of O. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income during the second quarter worth $25,000. Keystone Global Partners LLC bought a new position in shares of Realty Income during the 1st quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $29,000. Finally, PSI Advisors LLC grew its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.