Realty Income (NYSE:O) Price Target Raised to $71.00

Realty Income (NYSE:O) had its price objective raised by Royal Bank Of Canada from $70.00 to $71.00 in a research note released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. UBS Group lifted their target price on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley set a $67.00 target price on Realty Income in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Finally, Mizuho lifted their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.27.

Realty Income Trading Up 0.2%

Shares of NYSE O opened at $61.93 on Thursday. The company has a market cap of $57.75 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 4.21 and a beta of 0.75. Realty Income has a 12-month low of $54.38 and a 12-month high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $63.55 and its 200 day simple moving average is $60.79.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a $0.2705 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s payout ratio is currently 266.39%.

Insider Activity at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Realty Income by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 187,759 shares of the real estate investment trust’s stock valued at $11,487,000 after buying an additional 9,080 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Realty Income during the first quarter valued at $252,000. Andra AP fonden purchased a new position in shares of Realty Income during the first quarter valued at $8,343,000. Cassaday & Co Wealth Management LLC purchased a new position in Realty Income in the first quarter valued at about $106,000. Finally, Alta Advisers Ltd purchased a new position in Realty Income in the first quarter valued at about $203,000. Institutional investors own 70.81% of the company’s stock.

Trending Headlines about Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Q1 results beat expectations, with Realty Income posting FFO/AFFO per share of $1.13 and revenue of $1.55 billion, helped by strong occupancy and active investment activity. Realty Income Announces Operating Results for the Three Months Ended March 31, 2026
• Positive Sentiment: The company raised its 2026 AFFO guidance to $4.41-$4.44 and lifted expected investment volume to about $9.5 billion, signaling confidence in its acquisition pipeline and earnings growth. Realty Income targets $9.5B of 2026 investment volume while raising AFFO per share guidance to $4.41-$4.44
• Positive Sentiment: Analyst coverage remained supportive, with RBC raising its price target to $71 and keeping an outperform rating. Benzinga report on RBC price target increase
• Neutral Sentiment: Realty Income launched a new at-the-market equity program, which gives it more flexibility to fund growth but could also add to share count over time. Realty Income Launches New At-the-Market Equity Program
• Negative Sentiment: Investors are focused on the company’s trimmed annual outlook and concerns that higher interest expense and equity dilution could limit per-share growth, which may weigh on the stock. Realty Income beats Q1 targets but trims annual outlook
• Negative Sentiment: Some analysts downgraded the name to hold, arguing that revenue growth has not translated into faster FFO per share growth and that rising debt and share issuance remain headwinds. Realty Income Q1 Earnings: Topline Growth Met Flat FFO Per Share (Rating Downgrade)

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.