Wilmington Savings Fund Society FSB Sells 1,690 Shares of Realty Income Co. (NYSE:O)

Wilmington Savings Fund Society FSB trimmed its stake in Realty Income Co. (NYSE:O) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wedmont Private Capital boosted its stake in Realty Income by 11.9% during the third quarter. Wedmont Private Capital now owns 4,369 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 464 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Realty Income by 286.1% in the 3rd 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 boosted its stake in shares of Realty Income by 1.3% during the 3rd quarter. Carnegie Investment Counsel now owns 81,011 shares of the real estate investment trust’s stock worth $5,138,000 after purchasing an additional 1,024 shares during the period. Koshinski Asset Management Inc. bought a new position in Realty Income during the 3rd quarter valued at about $203,000. Finally, Gilman Hill Asset Management LLC bought a new stake in Realty Income in the third quarter worth about $275,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of analyst reports. UBS Group cut their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their target price 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. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $61.81.

Realty Income Stock Down 0.3 %

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

Realty Income Announces Dividend

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

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.