Realty Income (NYSE:O) Upgraded to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Realty Income (NYSE:O) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks reports.

O has been the topic of several other research reports. Royal Bank Of Canada lowered their target price on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Evercore set a $65.00 target price on shares of Realty Income in a research report on Monday, September 21st. Huntington began coverage on shares of Realty Income in a report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target for the company. 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. Finally, UBS Group set a $67.00 price target on shares of Realty Income in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.46.

Realty Income Stock Up 0.7%

Shares of O opened at $55.58 on Wednesday. The stock has a market cap of $52.59 billion, a price-to-earnings ratio of 40.57, a P/E/G ratio of 4.33 and a beta of 0.69. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income has a 12 month low of $53.15 and a 12 month high of $67.93. The company has a 50-day moving average price of $58.80 and a two-hundred day moving average price of $61.39.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities analysts predict that Realty Income will post 4.42 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.2715 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.26 annualized dividend and a yield of 5.9%. Realty Income’s payout ratio is presently 237.96%.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Realty Income in the second quarter valued at $6,997,219,000. State Street Corp lifted its position in Realty Income by 3.4% during the 2nd quarter. State Street Corp now owns 65,929,425 shares of the real estate investment trust’s stock worth $4,102,484,000 after buying an additional 2,166,180 shares in the last quarter. Bank of America Corp DE lifted its position in Realty Income by 10.3% during the 2nd 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 buying an additional 1,785,859 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Realty Income by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock worth $796,457,000 after buying an additional 154,581 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Realty Income during the 2nd quarter worth about $643,334,000. Institutional investors and hedge funds 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: Monthly dividend reaffirmed: Realty Income declared a monthly dividend of $0.2715 per share, or approximately $3.26 annualized, representing a yield of about 5.9%. The payment is scheduled for November 13 for shareholders of record October 30. The announcement reinforces the REIT’s appeal to income-focused investors. Realty Income monthly dividend announcement
• Positive Sentiment: Dividend durability remains a key strength: Several comparisons note Realty Income’s record of raising its dividend for more than 31 consecutive years. A separate screen of high-yield stocks identified Realty Income among companies backed by available cash rather than relying solely on an unusually high payout. High-yield dividend stocks with cash to spare
• Neutral Sentiment: Yield comparisons are mixed: Realty Income’s roughly 6.1% yield is competitive with Amcor, British American Tobacco, Energy Transfer, and Crown Castle, but lower than yields offered by General Mills and Kraft Heinz. MPLX offers faster expected distribution growth, while Realty Income provides a longer dividend-growth history. These articles may increase visibility but do not represent new company-specific catalysts. Realty Income versus other high-yield stocks
• Negative Sentiment: Recent share-price underperformance remains a concern: Realty Income has fallen sharply over the past two months and substantially lagged the S&P 500, prompting debate over whether the sell-off is a buying opportunity. The decline likely keeps investors focused on interest-rate sensitivity and the stock’s relatively modest growth outlook. Realty Income sell-off and buying opportunity

About Realty Income

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.