Realty Income Corporation (NYSE:O) Receives $67.23 Consensus Target Price from Brokerages

Realty Income Corporation (NYSE:O) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $66.9219.

O has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Realty Income from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Jefferies Financial Group assumed coverage on shares of Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 target price for the company. Royal Bank Of Canada cut their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Huntington began coverage on Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th.

Realty Income Price Performance

O opened at $56.66 on Tuesday. The stock has a market cap of $53.62 billion, a P/E ratio of 41.36, a P/E/G ratio of 4.03 and a beta of 0.71. Realty Income has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $62.45 and a 200 day simple moving average of $62.56.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) 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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The company’s 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. On average, research analysts expect that Realty Income will post 4.42 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2715 per share. This represents a c) annualized dividend and a yield of 5.7%. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, September 30th. Realty Income’s payout ratio is currently 237.23%.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA raised its stake in Realty Income by 27.2% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 42,266 shares of the real estate investment trust’s stock valued at $2,619,000 after purchasing an additional 9,040 shares in the last quarter. MCF Advisors LLC increased its holdings in Realty Income by 43.2% in the 2nd quarter. MCF Advisors LLC now owns 3,455 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 1,043 shares during the period. National Pension Service increased its holdings in Realty Income by 3.1% in the 2nd quarter. National Pension Service now owns 1,668,650 shares of the real estate investment trust’s stock valued at $103,390,000 after buying an additional 50,790 shares during the period. WINTON GROUP Ltd acquired a new position in Realty Income during the second quarter valued at approximately $936,000. Finally, Engineers Gate Manager LP bought a new stake in Realty Income during the second quarter worth $287,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Key Headlines Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Dividend raised for the 136th time. Realty Income increased its monthly dividend to $0.2715 per share from $0.2710. The October 15 payment will go to shareholders of record on September 30, reinforcing the REIT’s long-term income track record and potentially supporting demand from income-focused investors. Dividend increase article
• Positive Sentiment: KKR partnership could improve capital flexibility. Realty Income is pursuing a European property venture in which KKR-advised capital accounts would invest €528 million for a 49% interest. The transaction would provide gross proceeds while Realty Income retains a majority interest, potentially helping fund acquisitions and reduce balance-sheet pressure. Closing is expected September 30, subject to customary conditions. KKR partner investment article
• Neutral Sentiment: Monthly income appeal remains a key investment theme. Coverage highlighting Realty Income’s monthly distributions and potential tax advantages inside a Roth IRA may increase visibility among retail and retirement investors, but it does not change the company’s earnings or cash flow fundamentals. Monthly dividend and Roth IRA article
• Negative Sentiment: Analyst price target lowered. Mizuho cut its Realty Income target to $61 from $66 and maintained a neutral rating. The revision signals limited expected upside and likely adds selling pressure, particularly with the shares trading well below their long-term moving averages.
• Negative Sentiment: Higher-for-longer interest rates remain a headwind. Analyst commentary argues that elevated borrowing costs have weakened the traditional REIT playbook. Higher rates can make Realty Income’s dividend less competitive versus bonds, increase financing costs and constrain acquisition-driven growth. Higher-for-longer rates analysis

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.