By Bret Kenwell Realty Income is working on its seventh consecutive weekly decline as the dividend yield nears 5%. Here’s the chart. Realty Income (O) – Get Realty Income Corporation Report does not like the rising rate environment, particularly when it comes amid worries about the real estate market and amid the broad bear market in equities. Here’s Bank of America’s favorite REITs, by the way. The Federal Reserve continues to raise rates, most recently by 0.75 percentage point. At the same time, the S&P 500 is now at 52-week lows. Realty Income has taken a hit. The stock is down for six stra…