Blue Trust Inc. Sells 9,138 Shares of Realty Income Co. (NYSE:O)

Blue Trust Inc. reduced its holdings in shares of Realty Income Co. (NYSE:O) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,284 shares of the real estate investment trust’s stock after selling 9,138 shares during the quarter. Blue Trust Inc.’s holdings in Realty Income were worth $870,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC increased its position in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in Realty Income in the fourth quarter worth $40,000. Finally, Independence Bank of Kentucky increased its position in Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $54.53 on Monday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The business has a 50-day simple moving average of $53.90 and a 200 day simple moving average of $58.17. 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 stock has a market cap of $47.73 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays decreased their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Scotiabank reduced their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.21.

About Realty Income

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.