Realty Income Corporation (NYSE:O) Stock Has Average Target Price of $65.46 According to Brokerages

Realty Income Corporation (NYSE:O) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $65.46.

A number of research analysts have commented on O shares. Barclays reduced their price target on shares of Realty Income from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, September 4th. Wells Fargo & Company lowered their target price on Realty Income from $65.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Royal Bank Of Canada dropped their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Huntington assumed coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Truist Financial raised Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Wednesday.

Key Headlines Impacting Realty Income

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

• Positive Sentiment: Truist upgraded Realty Income from “hold” to “strong-buy,” providing the most direct positive catalyst in the recent news flow and signaling confidence in the REIT’s income profile and long-term prospects.
• Positive Sentiment: Several articles highlight Realty Income’s monthly dividend and high income yield, making it attractive to retirees and other investors seeking regular cash flow. Its dividend schedule and potential tax advantages in a Roth IRA may broaden demand for the shares. 5 Monthly Dividend Stocks Retirees Should Consider This Month
• Neutral Sentiment: Analysts expect modest, single-digit FFO growth when Realty Income reports third-quarter results early next month. That suggests stable operating performance, but not necessarily a major near-term earnings catalyst. Realty Income’s Quarterly Earnings Preview: What You Need to Know
• Neutral Sentiment: Commentary comparing Realty Income with UPS presents it as a long-term dividend choice, but the discussion is opinion-based rather than a new company-specific development. Realty Income or UPS: I Can Only Pick One Dividend Stock for the Next 10 Years
• Negative Sentiment: The 10-year Treasury yield recently reached 5.3%, making government bonds a more competitive income alternative and potentially limiting demand for REITs such as Realty Income. Higher rates can also increase borrowing costs and pressure valuations. High-Yield REITs vs. 10-Year Treasuries

Realty Income Price Performance

NYSE O traded up $0.52 during trading hours on Friday, reaching $56.07. 6,842,981 shares of the stock traded hands, compared to its average volume of 9,677,970. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The stock has a 50 day simple moving average of $58.67 and a two-hundred day simple moving average of $61.35. Realty Income has a 1 year low of $53.15 and a 1 year high of $67.93. The company has a market cap of $53.06 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 4.34 and a beta of 0.69.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, analysts predict that Realty Income will post 4.44 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.2715 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, October 30th. Realty Income’s dividend payout ratio is currently 237.96%.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its stake in shares of Realty Income by 12.7% in the 2nd quarter. QRG Capital Management Inc. now owns 84,300 shares of the real estate investment trust’s stock valued at $5,223,000 after purchasing an additional 9,518 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Realty Income during the second quarter valued at approximately $17,203,000. Renaissance Technologies LLC purchased a new stake in Realty Income in the first quarter worth $3,147,000. M3 Wealth Management LLC purchased a new stake in Realty Income in the second quarter worth $2,665,000. Finally, Bank of America Corp DE grew its stake in Realty Income by 10.3% in the second quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock worth $1,184,551,000 after purchasing an additional 1,785,859 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that acquires, owns, and manages commercial properties leased to businesses under long-term agreements. The company is widely known as “The Monthly Dividend Company” for its focus on providing regular monthly dividend payments to shareholders.

Most of Realty Income’s properties are operated under single-tenant, triple-net lease arrangements. Under these agreements, tenants generally are responsible for property taxes, insurance, and maintenance expenses, while Realty Income collects contractual rent.