Realty Income Corporation $O Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its holdings in Realty Income Corporation by 6.7%, selling 60,661 shares during the first quarter and now owns approximately 0.09% of the company valued at $49.34 million.
• Realty Income's most recent earnings report showed EPS of $1.05, slightly missing analysts' estimates of $1.06, with revenues of $1.34 billion for the quarter.
• The company announced an increase in its monthly dividend to $0.269, effective September 15, representing an annualized yield of 5.5%.

Epoch Investment Partners Inc. lessened its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850,519 shares of the real estate investment trust's stock after selling 60,661 shares during the quarter. Epoch Investment Partners Inc. owned about 0.09% of Realty Income worth $49,339,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of O. Keystone Global Partners LLC bought a new stake in Realty Income in the first quarter worth $26,000. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in Realty Income in the fourth quarter worth about $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O stock traded up $0.62 during midday trading on Friday, reaching $58.75. The stock had a trading volume of 4,365,965 shares, compared to its average volume of 5,375,138. The firm has a fifty day simple moving average of $57.64 and a two-hundred day simple moving average of $56.86. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $53.72 billion, a PE ratio of 57.04, a P/E/G ratio of 4.49 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. This is a boost from Realty Income's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. Realty Income's payout ratio is presently 312.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on O. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. JPMorgan Chase & Co. dropped their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.00.

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.