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

Blue Trust Inc. cut its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 35.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 large investors have also added to or reduced their stakes in the company. Parnassus Investments LLC lifted its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock worth $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Realty Income by 6.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust's stock valued at $245,123,000 after buying an additional 261,162 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O traded up $0.84 during midday trading on Thursday, hitting $56.51. The company's stock had a trading volume of 5,216,260 shares, compared to its average volume of 4,614,291. 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 Co. has a one year low of $50.65 and a one year high of $64.88. The stock has a market capitalization of $49.46 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00. The company's fifty day simple moving average is $53.85 and its two-hundred day simple moving average is $58.10.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This is an increase from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. Realty Income's payout ratio is presently 301.91%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on O. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Finally, Scotiabank reduced their price target on Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.21.

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.