NYSE:O

Realty Income (O) Stock Forecast, Price & News

$58.92

+0.26 (+0.44%)

(As of 05/30/2023 ET)

Compare

Today's Range: $58.85
▼
$59.52
50-Day Range: $58.44
▼
$63.32
52-Week Range: $55.50
▼
$75.11

Volume: 4.42 million shs
Average Volume: 3.48 million shs
Market Capitalization: $39.67 billion

P/E Ratio: 41.49
Dividend Yield: 5.19%
Price Target: $71.47

Realty Income MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 21.3% Upside
$71.47 Price Target
Short Interest: Bearish
3.74% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.05
Upright™ Environmental Score
News Sentiment: 0.65
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.47%
From $4.03 to $4.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Finance Sector

656th out of 905 stocks

Real Estate Investment Trusts Industry

142nd out of 190 stocks

2.3

Analyst's Opinion

Consensus Rating
Realty Income has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $71.47, Realty Income has a forecasted upside of 21.3% from its current price of $58.92.
Amount of Analyst Coverage
Realty Income has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.74% of the outstanding shares of Realty Income have been sold short.
Short Interest Ratio / Days to Cover
Realty Income has a short interest ratio ("days to cover") of 6.9.
Change versus previous month
Short interest in Realty Income has recently increased by 3.32%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Leadership
Realty Income is a leading dividend payer. It pays a dividend yield of 5.22%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Realty Income has been increasing its dividend for 30 years.
Dividend Coverage
The dividend payout ratio of Realty Income is 215.49%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Realty Income will have a dividend payout ratio of 72.68% next year. This indicates that Realty Income will be able to sustain or increase its dividend.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Realty Income has received a -16.48% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in shopping centers" and "Real estate development services of retail space" products. See details.
Environmental Sustainability
The Environmental Impact score for Realty Income is -2.05.

1.5

News and Social Media Coverage

News Sentiment
Realty Income has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Realty Income this week, compared to 10 articles on an average week.
Search Interest
Only 207 people have searched for O on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.
MarketBeat Follows
Only 51 people have added Realty Income to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Realty Income insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.10% of the stock of Realty Income is held by insiders.
Percentage Held by Institutions
80.56% of the stock of Realty Income is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Realty Income are expected to grow by 4.47% in the coming year, from $4.03 to $4.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Realty Income is 41.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Realty Income is 41.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.95.
Price to Earnings Growth Ratio
Realty Income has a PEG Ratio of 2.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Realty Income has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Realty Income (NYSE:O) Stock

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.

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O Stock News Headlines

May 9, 2023 | marketbeat.com

Beware This 13.8% and 14.8% Dividend Disaster Duo!

May 5, 2023 | marketbeat.com

Realty Income Trades At Decade Low Valuations, Worth The Yield? (O)

Realty Income is trading at decade low valuations, with management increasing investment budgets at these cap rates investors may see new highs in the stock

May 30, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

May 30, 2023 | morningstar.com

Inland Real Estate Income Trust Inc

May 29, 2023 | msn.com

Why I Prefer Agree Realty (Kobe) Over Realty Income (Jordan)

May 28, 2023 | msn.com

Realty Income's High Dividend Yield Makes It A Valuable Investment

May 26, 2023 | msn.com

Better High Yield Buy: Realty Income Or Essential Properties Realty?

May 30, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

May 25, 2023 | finance.yahoo.com

Down 20%, Investors Can Buy This Monthly Dividend Stock on Sale

May 23, 2023 | finance.yahoo.com

Why Is Realty Income's Dividend So High?

May 22, 2023 | finance.yahoo.com

Correction: 10X CAPITAL ANNOUNCES LAUNCH OF NEW REAL ESTATE INCOME STRATEGY

May 22, 2023 | finance.yahoo.com

10X CAPITAL ANNOUNCES LAUNCH OF NEW REAL ESTATE INCOME STRATEGY

May 22, 2023 | msn.com

Want Safe Income? This Stock Raised Its Dividend in the Past 8 Recessions.

May 20, 2023 | seekingalpha.com

2 Monster REITs That Help Me Sleep Like A Baby

May 19, 2023 | finance.yahoo.com

Can You Fund A College Education By 'Dripping' Realty Income Dividends?

May 19, 2023 | seekingalpha.com

Realty Income: Growth Justifies A Premium

May 18, 2023 | americanbankingnews.com

Realty Income (NYSE:O) Now Covered by StockNews.com

May 17, 2023 | americanbankingnews.com

Realty Income Co. (O) To Go Ex-Dividend on May 31st

May 15, 2023 | msn.com

Realty Income declares $0.255 dividend

May 15, 2023 | msn.com

Realty Income: The Fed's Pivot Is Likely Priced In Already

May 14, 2023 | americanbankingnews.com

Realty Income Co. (NYSE:O) Receives $72.03 Average PT from Brokerages

May 13, 2023 | finance.yahoo.com

3 Passive Income Machines to Buy and Hold Forever

May 9, 2023 | finance.yahoo.com

Clarion Partners Real Estate Income Fund Inc. Announces Funds from Operations

May 8, 2023 | seekingalpha.com

Realty Income: Steady As She Goes

May 8, 2023 | finance.yahoo.com

REITs Struggle To Keep Up With The Market, But Private Real Estate Continues To Show Promise

May 8, 2023 | americanbankingnews.com

Realty Income (NYSE:O) PT Raised to $71.25 at Stifel Nicolaus

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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O Company Calendar

Last Earnings: 2/21/2023
Ex-Dividend for 5/15 Dividend: 4/28/2023
Dividend Payable: 5/15/2023
Today: 5/30/2023
Ex-Dividend for 6/15 Dividend: 5/31/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 8/02/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Retail REITs
Sector: Finance
Current Symbol: NYSE:O
CUSIP: 75610910
CIK: 726728
Web: www.realtyincome.com
Phone: (858) 284-5000
Fax: 760-741-2235
Employees: 367
Year Founded: 1969

Price Target and Rating

Average Stock Price Forecast: $71.47
High Stock Price Forecast: $78.00
Low Stock Price Forecast: $66.00
Forecasted Upside/Downside: +21.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.42
Trailing P/E Ratio: 41.61
Forward P/E Ratio: 14.66
P/E Growth: 2.91
Net Income: $869.41 million
Net Margins: 25.72%
Pretax Margin: 27.14%
Return on Equity: 3.12%
Return on Assets: 1.82%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 1.85
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: $3.34 billion
Price / Sales: 11.90
Cash Flow: $4.02 per share
Price / Cash Flow: 14.71
Book Value: $45.99 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 673,220,000
Free Float: 672,549,000
Market Cap: $39.78 billion
Optionable: Optionable
Beta: 0.80

Social Links

Key Executives

Sumit Roy
President, Chief Executive Officer & Director

Gregory J. Whyte
Chief Operating Officer & Executive Vice President

Christie B. Kelly
Chief Financial Officer, Treasurer & Executive VP

Joseph Stewart
Vice President-Information Technology

Shannon Kehle
Chief People Officer & Executive Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

O Stock - Frequently Asked Questions

Should I buy or sell Realty Income stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Realty Income in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" O shares.
View O analyst ratings or view top-rated stocks.
What is Realty Income's stock price forecast for 2023?: 8 equities research analysts have issued 12 month price targets for Realty Income's stock. Their O share price forecasts range from $66.00 to $78.00. On average, they anticipate the company's stock price to reach $71.47 in the next year. This suggests a possible upside of 21.0% 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 2023?: Realty Income's stock was trading at $63.43 at the beginning of the year. Since then, O stock has decreased by 6.9% and is now trading at $59.05.
View the best growth stocks for 2023 here.
When is Realty Income's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our O earnings forecast.
How were Realty Income's earnings last quarter?: Realty Income Co. (NYSE:O) posted its earnings results on Tuesday, February, 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.98 by $0.62. The real estate investment trust had revenue of $888.65 million for the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a net margin of 25.72% and a trailing twelve-month return on equity of 3.12%. The company's revenue was up 29.7% compared to the same quarter last year. During the same period last year, the business earned $0.94 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 23 dividend on Monday, May 15th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.255 per share on Thursday, June 15th. This represents a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for O.
What ETFs hold Realty Income's stock?: ETFs with the largest weight of Realty Income (NYSE:O) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), JPMorgan Realty Income ETF (JPRE), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), iShares US Credit Bond ETF (CRED), SPDR Dow Jones REIT ETF (RWR) and First Trust S&P REIT Index Fund (FRI).
Is Realty Income a good dividend stock?: Realty Income (NYSE:O) pays an annual dividend of $3.06 per share and currently has a dividend yield of 5.22%. 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 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 215.49%. 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 72.68% 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 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $3.94-$4.03 for the period, compared to the consensus earnings per share estimate of $4.12. 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).
What is Realty Income's stock symbol?: Realty Income trades on the New York Stock Exchange (NYSE) under the ticker symbol "O."
Who are Realty Income's major shareholders?: Realty Income's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.81%), State Street Corp (7.31%), Bank of America Corp DE (3.74%), Geode Capital Management LLC (2.15%), JPMorgan Chase & Co. (1.70%) and Daiwa Securities Group Inc. (1.38%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Realty Income's stock price today?: One share of O stock can currently be purchased for approximately $59.05.
How much money does Realty Income make?: Realty Income (NYSE:O) has a market capitalization of $39.75 billion and generates $3.34 billion in revenue each year. The real estate investment trust earns $869.41 million in net income (profit) each year or $1.42 on an earnings per share basis.
How many employees does Realty Income have?: The company employs 367 workers across the globe.
How can I contact Realty Income?: Realty Income's mailing address is 11995 EL CAMINO REAL, SAN DIEGO CA, 92130. The official website for the company is www.realtyincome.com. The real estate investment trust can be reached via phone at (858) 284-5000, via email at ir@realtyincome.com, or via fax at 760-741-2235.

This page (NYSE:O) was last updated on 5/30/2023 by MarketBeat.com Staff

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