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

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 Trading Down 0.4%

Shares of Realty Income stock opened at $62.46 on Tuesday. The firm has a 50-day simple moving average of $63.12 and a two-hundred day simple moving average of $63.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The company has a market cap of $59.10 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71.

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

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group started coverage on Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective on the stock. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a report on Tuesday, June 30th. Finally, Barclays reduced their target price on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.42.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of O. Brighton Jones LLC grew its position in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $571,000. Empowered Funds LLC boosted its stake in shares of Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP boosted its stake in shares of Realty Income by 41.3% in the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC grew its holdings in shares of Realty Income by 14.9% in the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 3,290 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.

Realty Income Company Profile

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.