Benedict Financial Advisors Inc. Sells 382 Shares of Realty Income Co. (NYSE:O)

Benedict Financial Advisors Inc. cut its position in shares of Realty Income Co. (NYSE:O) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in O. ZWJ Investment Counsel Inc. grew its holdings in shares of Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. grew its stake in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 166 shares in the last quarter. Greenleaf Trust increased its position in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 170 shares during the period. Grove Bank & Trust raised its stake in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC raised its stake in shares of Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 176 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Realty Income Stock Performance

O opened at $54.14 on Friday. The company has a market cap of $47.38 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $54.08 and its 200-day moving average price is $58.29. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income Announces Dividend

The business also recently declared 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 dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

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.