On September 11, 2024, Mary Preusse, Director at Realty Income Corp (O, Financial), sold 1,712 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 26,579 shares of the company.
Realty Income Corp (O, Financial) is a real estate investment trust known for its portfolio of commercial properties, primarily in the retail sector. The company focuses on acquiring and managing freestanding commercial properties that generate rental revenue under long-term, net lease agreements.
Over the past year, Mary Preusse has engaged in the sale of 1,712 shares and has not purchased any shares. This recent transaction reflects a continuation of the selling trend observed among the company's insiders, as there have been four insider sells and no insider buys over the same timeframe.
On the date of the sale, shares of Realty Income Corp were priced at $62.58. The company's market cap stood at approximately $54.61 billion. Realty Income Corp's price-earnings ratio is currently 58.06, which is significantly higher than the industry median of 16.93 and above the company’s historical median.
The stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.91, based on a GF Value of $68.58. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s financial health and future performance expectations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
