Goepper Burkhardt LLC Purchases 1,224 Shares of Realty Income Co. (NYSE:O)

Goepper Burkhardt LLC grew its position in shares of Realty Income Co. (NYSE:O) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,156 shares of the real estate investment trust’s stock after buying an additional 1,224 shares during the quarter. Realty Income accounts for approximately 0.7% of Goepper Burkhardt LLC’s investment portfolio, making the stock its 24th biggest holding. Goepper Burkhardt LLC’s holdings in Realty Income were worth $1,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Realty Income by 25.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock valued at $5,111,000 after buying an additional 17,806 shares during the period. Assetmark Inc. increased its holdings in Realty Income by 11.2% in the 4th quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock worth $2,482,000 after acquiring an additional 4,368 shares during the last quarter. Franklin Resources Inc. raised its stake in Realty Income by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock valued at $46,175,000 after acquiring an additional 2,365 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Realty Income by 158.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 424 shares during the last quarter. Finally, US Bancorp DE boosted its position in Realty Income by 4.9% during the fourth quarter. US Bancorp DE now owns 120,080 shares of the real estate investment trust’s stock worth $6,895,000 after purchasing an additional 5,571 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on O. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. UBS Group lifted their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $62.59.

Realty Income Stock Up 1.5 %

Shares of NYSE O opened at $61.63 on Friday. The stock has a market capitalization of $53.67 billion, a P/E ratio of 57.06, a PEG ratio of 4.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. Realty Income Co. has a one year low of $45.03 and a one year high of $63.39. The firm’s 50 day simple moving average is $60.28 and its two-hundred day simple moving average is $55.69.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s payout ratio is 292.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.