Realty Income (O) Stock Price, News & Analysis

$53.67
+0.28 (+0.52%)
(As of 04/24/2024 ET)
Today's Range
$52.86
$53.75
50-Day Range
$50.81
$54.38
52-Week Range
$45.03
$64.18
Volume
5.34 million shs
Average Volume
6.85 million shs
Market Capitalization
$46.22 billion
P/E Ratio
42.60
Dividend Yield
5.74%
Price Target
$60.96

Realty Income MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
13.6% Upside
$60.96 Price Target
Short Interest
Healthy
1.31% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
0.76mentions of Realty Income in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$271,150 Sold Last Quarter
Proj. Earnings Growth
3.37%
From $4.16 to $4.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Finance Sector

196th out of 855 stocks

Real Estate Investment Trusts Industry

34th out of 180 stocks

O stock logo

About Realty Income Stock (NYSE:O)

Realty Income, Inc is a US-based investment company focused on the commercial retail market. The company is structured as a REIT and pays 90% of its income in the form of dividend payments. The company hails itself as The Monthly Dividend Company, a name it has trademarked. It is a member of the S&P 500 and the S&P 500 Dividend Aristocrat index having increased the payment 117 times since its IPO in 1994. Since its inception and as of December 2022, the company has paid 629 consecutive monthly dividends.

Realty Income, Inc is focused exclusively on free-standing commercial properties in the US, UK and Spain. Unlike some commercial REITs, Realty Income operates on a triple-net lease basis which means its tenants pay for taxes, maintenance and utilities. The company is incorporated in Maryland but has its headquarters in San Diego, California. As of Marcy 2022 the company owned 11,281 properties enclosing more than 213 million square feet of space making it the 7th largest REIT in the US and internationally. At the time, it was worth nearly $40 billion in market cap making it the world's 425th most valuable company.

The company’s top 10 tenants are Walgreens Boots Alliance, 7-11, Dollar General/Dollar Tree, FedEx, LA Fitness, Sainsbury’s, BJ’s Wholesale Club, CVS and Walmart. This lineup of tenants ensures a steady stream of monthly income that allows the company to pay its monthly distribution. The company's CAGR runs in the range of 15% since the IPO and that is boosted by the dividend and its history of growth as well.

The company was founded in 1969 by William and Evelyn Clark. Their first target was a Taco Bell and since then they (and the company) have expanded into all aspects of commercial real estate. The strategy was to target the real estate needed to operate a commercial business and then lease it back to the business. These deals are attractive to businesses because they provide needed capital while guaranteeing long-term occupation of existing facilities.

Some notable milestones in the company’s history are 1994 when it IPOd and then 1997 when Mr. Clark retired and a new era began. In 2013 the company made its first major acquisition with the purchase of Realty Capital Trust and then in 2015 it was added to the S&P 500 index and the S&P 500 Dividend Aristocrats index in the same year. In 2019 the company made its first acquisition outside the US with the sale and leaseback of some Sainsbury’s properties in the UK and in 2021 it purchased Vereit.

 

O Stock Price History

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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 4/15 Dividend
3/29/2024
Dividend Payable
4/15/2024
Today
4/24/2024
Ex-Dividend for 5/15 Dividend
4/30/2024
Next Earnings (Confirmed)
5/06/2024
Dividend Payable
5/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
75610910
Employees
418
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$60.96
High Stock Price Target
$69.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+13.6%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$872.31 million
Pretax Margin
22.77%

Debt

Sales & Book Value

Annual Sales
$4.08 billion
Cash Flow
$3.82 per share
Book Value
($9.01) per share

Miscellaneous

Free Float
860,289,000
Market Cap
$46.19 billion
Optionable
Optionable
Beta
0.92

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Key Executives

  • Mr. Sumit RoyMr. Sumit Roy (Age 54)
    President, CEO & Director
    Comp: $6.85M
  • Mr. Mark E. Hagan (Age 57)
    Executive VP & Chief Investment Officer
    Comp: $2.03M
  • Ms. Michelle Bushore (Age 56)
    Executive VP, Chief Legal Officer, General Counsel & Secretary
    Comp: $1.55M
  • Mr. Neil M. Abraham (Age 52)
    President of Realty Income International, Executive VP & Chief Strategy Officer
    Comp: $2.08M
  • Mr. Jonathan Pong C.F.A.
    CPA, Executive VP, CFO & Treasurer
  • Mr. Gregory J. Whyte (Age 63)
    Executive VP & COO
  • Mr. Sean P. Nugent (Age 51)
    Senior VP, Controller & Principal Accounting Officer
    Comp: $403.15k
  • Ms. Shannon Kehle (Age 50)
    Executive VP & Chief People Officer
  • Mr. Ross Edwards
    Senior Vice President of Asset Management
  • Mr. Scott Kohnen
    Senior Vice President of Research

Should I Buy Realty Income Stock? O Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Realty Income Co.:

  • Realty Income Co. has a consistent track record of paying monthly dividends, providing investors with regular income streams.
  • The company has a diversified portfolio of commercial real estate properties, reducing risk through exposure to various sectors.
  • Realty Income Co. has a strong history of increasing dividends over time, offering potential for income growth for investors.
  • With a beta of 0.92, the stock is less volatile compared to the overall market, potentially providing stability to a portfolio.
  • Current stock price of $52.41 presents a potential buying opportunity for investors looking to enter the market at a lower price point.

Cons

Investors should be bearish about investing in Realty Income Co. for these reasons:

  • Realty Income Co. recently reported lower-than-expected earnings per share, indicating potential challenges in the company's financial performance.
  • The company's P/E ratio of 41.33 suggests the stock may be overvalued based on its earnings, posing a risk for investors seeking value.
  • Realty Income Co. has a debt-to-equity ratio of 0.64, which may raise concerns about the company's leverage and financial health.
  • The P/E/G ratio of 5.43 indicates a high price investors are paying for growth relative to the company's earnings growth rate.
  • Analysts have mixed ratings on the stock, with some suggesting a hold, potentially signaling uncertainty in the company's future performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Realty Income pros and cons to contact@marketbeat.com.

O Stock Analysis - Frequently Asked Questions

Should I buy or sell Realty Income stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Realty Income in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" O shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in O, but not buy additional shares or sell existing shares.
View O analyst ratings
or view top-rated stocks.

What is Realty Income's stock price target for 2024?

12 analysts have issued 1-year target prices for Realty Income's stock. Their O share price targets range from $52.00 to $69.00. On average, they anticipate the company's share price to reach $60.96 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for O
or view top-rated stocks among Wall Street analysts.

How have O shares performed in 2024?

Realty Income's stock was trading at $57.42 at the start of the year. Since then, O shares have decreased by 6.6% and is now trading at $53.65.
View the best growth stocks for 2024 here
.

Are investors shorting Realty Income?

Realty Income saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 10,060,000 shares, a decrease of 19.4% from the February 29th total of 12,480,000 shares. Based on an average trading volume of 7,110,000 shares, the days-to-cover ratio is currently 1.4 days.
View Realty Income's Short Interest
.

When is Realty Income's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our O earnings forecast
.

How can I listen to Realty Income's earnings call?

Realty Income will be holding an earnings conference call on Tuesday, May 7th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "4176200".

How were Realty Income's earnings last quarter?

Realty Income Co. (NYSE:O) announced its quarterly earnings results on Wednesday, February, 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.02 by $0.72. The real estate investment trust earned $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a trailing twelve-month return on equity of 4.06% and a net margin of 21.39%. Realty Income's revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share.
Read the conference call transcript
.

How often does Realty Income pay dividends? What is the dividend yield for Realty Income?

Realty Income declared a may 24 dividend on Tuesday, April 9th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share on Wednesday, May 15th. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th.
Read our dividend analysis for O
.

Is Realty Income a good dividend stock?

Realty Income (NYSE:O) pays an annual dividend of $3.08 per share and currently has a dividend yield of 5.81%. O has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 244.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, O will have a dividend payout ratio of 71.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for O.

What guidance has Realty Income issued on next quarter's earnings?

Realty Income issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 4.130-4.210 for the period, compared to the consensus EPS estimate of 4.250. The company issued revenue guidance of -.

What is Sumit Roy's approval rating as Realty Income's CEO?

3 employees have rated Realty Income Chief Executive Officer Sumit Roy on Glassdoor.com. Sumit Roy has an approval rating of 69% among the company's employees.

What other stocks do shareholders of Realty Income own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Realty Income investors own include AT&T (T), Johnson & Johnson (JNJ), Coca-Cola (KO), Verizon Communications (VZ), Altria Group (MO), AbbVie (ABBV), Exxon Mobil (XOM), Pfizer (PFE), Intel (INTC) and Cisco Systems (CSCO).

Who are Realty Income's major shareholders?

Realty Income's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.51%), Scharf Investments LLC (0.32%), Raymond James & Associates (0.22%), State of Alaska Department of Revenue (0.06%), Raymond James Financial Services Advisors Inc. (0.04%) and Gateway Investment Advisers LLC (0.03%). Insiders that own company stock include A Larry Chapman and Ronald Merriman.
View institutional ownership trends
.

How do I buy shares of Realty Income?

Shares of O stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:O) was last updated on 4/24/2024 by MarketBeat.com Staff

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