Sen. Gary C. Peters Buys Realty Income Corporation (NYSE:O) Shares

Key Points

• Sen. Gary C. Peters purchased between $1,001 and $15,000 of Realty Income shares on July 23, according to a filing disclosed August 7. He also recently bought similarly sized positions in AT&T and Kraft Heinz.
• Realty Income shares opened at $61.77, while analysts maintain a “Moderate Buy” consensus with an average price target of $67.42. Institutional investors own approximately 70.81% of the stock.
• The REIT declared a monthly dividend of $0.271 per share, implying a 5.3% annualized yield; however, its reported dividend payout ratio is elevated at 237.23%.

Senator Gary C. Peters (Democratic-Michigan) recently bought shares of Realty Income Corporation NYSE: O. In a filing disclosed on August 07th, the Senator disclosed that they had bought between $1,001 and $15,000 in Realty Income stock on July 23rd.

Senator Gary C. Peters also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/21/2026.

Realty Income Stock Performance

Shares of Realty Income stock opened at $61.77 on Tuesday. The company has a 50 day moving average of $62.88 and a 200-day moving average of $63.06. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The company has a market cap of $58.45 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 4.90 and a beta of 0.71.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.3%. Realty Income's dividend payout ratio is currently 237.23%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EFG International AG acquired a new stake in shares of Realty Income during the fourth quarter valued at about $26,000. Dunhill Financial LLC bought a new position in shares of Realty Income during the second quarter valued at $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 acquired a new position in Realty Income during the 4th quarter worth about $29,000. Finally, Sankala Group LLC bought a new stake in shares of Realty Income in the 4th quarter valued at about $32,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on O. Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. UBS Group set a $67.00 price target on Realty Income in a report on Thursday, June 18th. Freedom Capital raised Realty Income from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Scotiabank decreased their target price on Realty Income from $72.00 to $67.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada lowered their target price on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $67.42.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia's Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan's 9th Congressional District from 2009 to 2013 and Michigan's 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

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.

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