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 Up 0.2%

NYSE:O traded up $0.12 during midday trading on Tuesday, hitting $62.52. 776,479 shares of the company traded hands, compared to its average volume of 6,052,937. The firm’s fifty day moving average is $63.12 and its 200-day moving average is $63.11. The firm has a market capitalization of $59.16 billion, a P/E ratio of 45.63, a P/E/G ratio of 4.46 and a beta of 0.71. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93.

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

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued 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 payout ratio is 237.23%.

Analysts Set New Price Targets

A number of research analysts have commented on O shares. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a research report on Tuesday, June 30th. Scotiabank cut their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Evercore set a $68.00 price objective on shares of Realty Income in a research note on Friday, August 7th. Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. Finally, Huntington initiated coverage on Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Dunhill Financial LLC purchased a new position in Realty Income in the second quarter worth $27,000. EFG International AG acquired a new stake in shares of Realty Income in the 4th quarter worth $26,000. Evolution Wealth Management Inc. increased its position in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $29,000. Finally, Sankala Group LLC purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $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.

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.