Epoch Investment Partners Inc. Sells 24,449 Shares of Realty Income Co. (NYSE:O)

Epoch Investment Partners Inc. trimmed its position in Realty Income Co. (NYSE:O - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 911,180 shares of the real estate investment trust's stock after selling 24,449 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.10% of Realty Income worth $48,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Raymond James Financial Inc. acquired a new position in Realty Income in the fourth quarter valued at about $553,572,000. Trust Co. of Vermont raised its position in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after acquiring an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after acquiring an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after purchasing an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after purchasing an additional 74,185 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

NYSE O traded down $0.62 during trading on Thursday, reaching $57.43. 2,290,569 shares of the company's stock were exchanged, compared to its average volume of 5,249,960. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market capitalization of $51.21 billion, a P/E ratio of 54.71, a PEG ratio of 2.10 and a beta of 0.79. The business has a 50 day moving average price of $56.41 and a 200-day moving average price of $56.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's payout ratio is currently 328.57%.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Stifel Nicolaus lowered their target price on 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 restated an "overweight" rating on shares of Realty Income in a report on Tuesday. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Finally, Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $62.35.

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.