Epoch Investment Partners Inc. Trims Stake in Realty Income Co. (NYSE:O)

Epoch Investment Partners Inc. lessened its holdings in Realty Income Co. (NYSE:O) by 13.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 933,844 shares of the real estate investment trust’s stock after selling 140,406 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Realty Income were worth $50,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in Realty Income during the 4th quarter worth approximately $29,000. Pacer Advisors Inc. grew its stake in shares of Realty Income by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 110,999 shares of the real estate investment trust’s stock worth $6,374,000 after purchasing an additional 36,519 shares during the period. Good Life Advisors LLC increased its stake in shares of Realty Income by 8.0% in the 4th quarter. Good Life Advisors LLC now owns 6,308 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 467 shares in the last quarter. FLC Capital Advisors purchased a new position in Realty Income during the fourth quarter worth approximately $220,000. Finally, Trueblood Wealth Management LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $415,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the topic of a number of recent analyst reports. UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Scotiabank raised their target price on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.88.

Realty Income Price Performance

O stock traded up $0.71 on Friday, reaching $58.07. 3,138,632 shares of the company’s stock were exchanged, compared to its average volume of 4,323,153. The stock has a fifty day moving average of $53.95 and a 200-day moving average of $53.80. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $50.57 billion, a PE ratio of 53.77, a P/E/G ratio of 5.05 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 291.67%.

Realty Income 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.