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How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024

Realty Income (O) Stock Price, News & Analysis

$52.48
-0.46 (-0.87%)
(As of 02/26/2024 ET)
Today's Range
$52.17
$53.12
50-Day Range
$51.39
$59.48
52-Week Range
$45.03
$65.73
Volume
5.12 million shs
Average Volume
7.80 million shs
Market Capitalization
$45.19 billion
P/E Ratio
41.65
Dividend Yield
5.87%
Price Target
$61.29

Realty Income MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
16.8% Upside
$61.29 Price Target
Short Interest
Healthy
1.45% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
0.46mentions of Realty Income in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$199,430 Sold Last Quarter
Proj. Earnings Growth
3.83%
From $4.18 to $4.34 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.

4.89 out of 5 stars

Finance Sector

34th out of 817 stocks

Real Estate Investment Trusts Industry

5th out of 176 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

O Stock News Headlines

MarketBeat Week in Review – 2/19 - 2/23 (O)
As the week ends, the only question being asked is how long can the Nvidia rally last; the tech giant's earnings took the focus off of sour FOMC minutes
Profit pillars: 5 Dividend aristocrats for reliable income (O)
These 5 high-yielding S&P dividend aristocrats have a long history of increasing their shareholder payouts, and provide income even as stocks decline.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Higher VIX just made Realty Income's 6% dividend better
Patient investors look for safer stocks when the VIX begins to pop to protect their portfolio or expose themselves to high-quality assets at potential discounts. Realty Income NYSE: O could be one of those picks this cycle as a part of a real estate stock play.
Higher VIX just made Realty Income’s 6% dividend better (O)
Realty Income stock could soon attract a new flow of investors, the same ones that just booked a 50% profit on this other REIT, finding more safety here.
Analysts jumped on this stock ahead of earnings; markets love it (O)
Simon Property Group is a REIT stock attracting lots of market - and analyst - interest to it, willing to boost targets and overpay for the underlying property
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Realty Income: Buy Now, Feast Later
Realty Income: Over 30%+ Upside To Fair Value
Realty Income price target lowered by $2.75 at Stifel, here's why
Is It Too Late to Buy Realty Income Stock?
7 Earnings Losers With a Shot at a Strong Comeback
Realty Income: A Bargain With A 6% Yield
See More Headlines
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Company Calendar

Ex-Dividend for 2/15 Dividend
1/31/2024
Dividend Payable
2/15/2024
Last Earnings
2/21/2024
Today
2/26/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
75610910
Employees
391
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$61.29
High Stock Price Target
$69.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+16.8%
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
$3.76 per share
Book Value
($9.01) per share

Miscellaneous

Free Float
860,263,000
Market Cap
$45.19 billion
Optionable
Optionable
Beta
0.94

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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, Head of Corporate Finance & 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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Realty Income was last updated on Sunday, February 25, 2024 at 3:29 PM.

Pros

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

  • Realty Income Co. is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats index, indicating stability and consistent performance.
  • The company's monthly dividends are supported by cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients, providing a steady income stream.
  • Recent revenue growth of 24.1% compared to the same quarter last year showcases the company's ability to generate increasing returns.
  • Insider activity, such as Director A. Larry Chapman selling shares at a significant value, can indicate confidence in the company's future prospects.
  • Large institutional investors have been increasing their holdings in Realty Income Co., suggesting a positive outlook on the company's performance.

Cons

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

  • The company reported earnings per share of $0.33 for the quarter, missing the consensus estimate of $1.00 by a significant margin, indicating potential volatility in earnings.
  • While the company had a revenue increase, the net margin of 22.64% and return on equity of 2.90% may raise concerns about profitability and efficiency.
  • There is a possibility of market volatility affecting real estate investment trusts like Realty Income Co., impacting stock performance.
  • The current stock price and its trend should be carefully evaluated to assess the potential for capital appreciation.
  • Investors should consider the impact of interest rate changes on real estate investments, as they can influence the company's borrowing costs and overall performance.














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 year. 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 12 month price targets for Realty Income's stock. Their O share price targets range from $52.00 to $69.00. On average, they expect the company's share price to reach $61.29 in the next twelve months. This suggests a possible upside of 16.8% 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 beginning of 2024. Since then, O stock has decreased by 8.6% and is now trading at $52.4750.
View the best growth stocks for 2024 here
.

Are investors shorting Realty Income?

Realty Income saw a decrease in short interest in January. As of January 31st, there was short interest totaling 12,480,000 shares, a decrease of 45.7% from the January 15th total of 22,980,000 shares. Based on an average daily volume of 7,490,000 shares, the short-interest ratio is presently 1.7 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 Wednesday, May 1st 2024.
View our O earnings forecast
.

How were Realty Income's earnings last quarter?

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

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

Realty Income declared a feb 24 dividend on Tuesday, February 13th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.2565 per share on Friday, March 15th. This represents a yield of 5.9%. The ex-dividend date is Thursday, February 29th.
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 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 244.45%. 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 70.97% 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 updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.74%), Cohen & Steers Inc. (5.85%), Legal & General Group Plc (1.45%), Dimensional Fund Advisors LP (1.32%), Daiwa Securities Group Inc. (1.25%) and Norges Bank (1.22%). 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 2/27/2024 by MarketBeat.com Staff