Realty Income (O) Stock Forecast, Price & News

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.
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8 analysts have issued 1-year price targets for Realty Income's stock. Their O share price forecasts range from $66.00 to $78.00. On average, they expect the company's share price to reach $71.47 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
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Realty Income's stock was trading at $63.43 at the start of the year. Since then, O stock has decreased by 7.5% and is now trading at $58.66.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Realty Income Co. (NYSE:O) posted its quarterly earnings data on Tuesday, February, 21st. The real estate investment trust reported $0.36 earnings per share 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 analysts' expectations of $840.57 million. Realty Income had a net margin of 25.72% and a trailing twelve-month return on equity of 3.12%. Realty Income's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS.
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Realty Income announced a may 23 dividend on Monday, May 15th. Investors 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 is Wednesday, May 31st.
Read our dividend analysis for O.

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).

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.

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 estimate of $4.12. The company issued revenue guidance of -.

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.

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).

Realty Income trades on the New York Stock Exchange (NYSE) under the ticker symbol "O."

Realty Income's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of O stock can currently be purchased for approximately $58.66.

Realty Income (NYSE:O) has a market capitalization of $39.49 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.

The company employs 367 workers across the globe.

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.