Rep. Richard McCormick Sells Off Realty Income Corporation (NYSE:O) Stock

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Realty Income stock on July 30 from his Growth Partners Roth IRA, according to a filing disclosed August 14. He also sold similarly sized positions in 10 other companies, including Medtronic, NextEra Energy, PepsiCo and Johnson & Johnson.
• Realty Income reported quarterly earnings of $1.09 per share, matching estimates, while revenue rose 9.7% year over year to $1.55 billion. The REIT maintained fiscal 2026 EPS guidance of $4.440–$4.450.
• The company paid a monthly dividend of $0.271 per share, representing an annualized yield of about 5.2%. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $67.42, compared with a reported opening price of $62.46.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Realty Income Corporation NYSE: O. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Realty Income stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Realty Income Stock Performance

Shares of NYSE:O opened at $62.46 on Tuesday. The company's 50 day simple moving average is $63.12 and its 200 day simple moving average is $63.11. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, research analysts predict that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.271 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, July 31st. Realty Income's dividend payout ratio (DPR) is 237.23%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays decreased their target price on Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Freedom Capital raised shares of Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on shares of Realty Income from $71.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Finally, Evercore set a $68.00 price target on shares of Realty Income in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $67.42.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. EFG International AG acquired a new position in Realty Income in the 4th quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new position in shares of Realty Income during the second quarter worth $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 360 shares during the period. Quattro Advisors LLC bought a new stake in shares of Realty Income in the fourth quarter worth $29,000. Finally, Sankala Group LLC bought a new stake in shares of Realty Income in the fourth quarter worth $32,000. Institutional investors own 70.81% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Realty Income

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source