Goepper Burkhardt LLC Has $1.96 Million Position in Realty Income Co. (NYSE:O)

Goepper Burkhardt LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,765 shares of the real estate investment trust’s stock after acquiring an additional 288 shares during the period. Realty Income accounts for 0.8% of Goepper Burkhardt LLC’s portfolio, making the stock its 21st largest position. Goepper Burkhardt LLC’s holdings in Realty Income were worth $1,964,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Realty Income by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust’s stock worth $9,881,000 after buying an additional 487 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Realty Income by 4.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 27,042 shares of the real estate investment trust’s stock worth $1,420,000 after acquiring an additional 1,232 shares during the last quarter. California Public Employees Retirement System grew its holdings in Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares during the period. Allianz SE bought a new stake in Realty Income in the fourth quarter valued at approximately $269,000. Finally, Allstate Corp raised its holdings in Realty Income by 38.4% in the fourth quarter. Allstate Corp now owns 56,807 shares of the real estate investment trust’s stock worth $3,034,000 after purchasing an additional 15,763 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on O. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays increased their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

O opened at $56.61 on Monday. The business’s 50-day simple moving average is $55.79 and its 200 day simple moving average is $57.24. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $50.47 billion, a PE ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

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.