Benedict Financial Advisors Inc. Lowers Holdings in Realty Income Co. (NYSE:O)

Benedict Financial Advisors Inc. reduced its stake in shares of Realty Income Co. (NYSE:O) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 21,552 shares of the real estate investment trust’s stock after selling 382 shares during the period. Benedict Financial Advisors Inc.’s holdings in Realty Income were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Realty Income in the third quarter valued at $896,000. Code Waechter LLC acquired a new position in shares of Realty Income in the third quarter worth about $1,308,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $54.14 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market cap of $47.38 billion, a P/E ratio of 51.56, a PEG ratio of 1.94 and a beta of 1.00. The business has a fifty day moving average of $54.08 and a two-hundred day moving average of $58.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s payout ratio is currently 301.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on O shares. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.81.

Realty Income 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.