Realty Income Co. (NYSE:O) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its holdings in shares of Realty Income Co. (NYSE:O) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,589 shares of the real estate investment trust’s stock after selling 1,690 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Realty Income were worth $779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital increased its position in Realty Income by 11.9% during the 3rd quarter. Wedmont Private Capital now owns 4,369 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 464 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Realty Income by 286.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,282 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 2,432 shares during the last quarter. Carnegie Investment Counsel increased its holdings in shares of Realty Income by 1.3% during the third quarter. Carnegie Investment Counsel now owns 81,011 shares of the real estate investment trust’s stock valued at $5,138,000 after acquiring an additional 1,024 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Realty Income in the 3rd quarter valued at approximately $203,000. Finally, Gilman Hill Asset Management LLC acquired a new stake in Realty Income in the 3rd quarter worth approximately $275,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $53.95 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $47.22 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 1.94 and a beta of 1.00. The firm’s 50 day simple moving average is $54.08 and its 200-day simple moving average is $58.30. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 300.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Barclays dropped their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $61.81.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.