Realty Income (NYSE:O) Price Target Raised to $61.00

Realty Income (NYSE:O) had its price objective lifted by Royal Bank Of Canada from $60.00 to $61.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Realty Income from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Huntington initiated coverage on shares of Realty Income in a report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective on the stock. Evercore set a $65.00 price objective on shares of Realty Income in a research note on Monday, September 21st. Stifel Nicolaus set a $63.75 price objective on shares of Realty Income in a report on Friday, October 9th. Finally, Scotiabank downgraded shares of Realty Income from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $67.00 to $59.00 in a research report on Wednesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.51.

Realty Income Stock Up 0.4%

Shares of NYSE:O opened at $59.47 on Tuesday. The business’s 50 day simple moving average is $57.16 and its two-hundred day simple moving average is $61.56. The firm has a market cap of $56.56 billion, a P/E ratio of 13.40, a PEG ratio of 4.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.88 and a current ratio of 6.04. Realty Income has a 52-week low of $53.15 and a 52-week high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Realty Income had a return on equity of 3.27% and a net margin of 21.85%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that Realty Income will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.2715 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.26 annualized dividend and a dividend yield of 5.5%. Realty Income’s dividend payout ratio is currently 224.83%.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in Realty Income by 12.7% during the second quarter. QRG Capital Management Inc. now owns 84,300 shares of the real estate investment trust’s stock worth $5,223,000 after purchasing an additional 9,518 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Realty Income in the 2nd quarter worth about $17,203,000. WINTON GROUP Ltd purchased a new position in shares of Realty Income in the 2nd quarter worth about $936,000. Renaissance Technologies LLC bought a new position in shares of Realty Income during the 1st quarter valued at about $3,147,000. Finally, M3 Wealth Management LLC bought a new position in shares of Realty Income during the 2nd quarter valued at about $2,665,000. Institutional investors 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: After its Q3 2026 results, Realty Income raised its full-year adjusted funds from operations (AFFO) outlook to $4.45–$4.46 per share. AFFO was $1.12 per share for the quarter, and the company reported a 170-basis-point investment spread. Management also cited record investment sourcing and a €528 million European joint venture with KKR. Realty Income stock climbs on Q3 earnings and higher AFFO outlook
• Positive Sentiment: Huntington initiated coverage with a “Strong Buy” rating and raised its earnings estimates across multiple periods, including FY2027 to $4.50 and FY2028 to $4.62 per share. The upward revisions suggest greater optimism about Realty Income’s earnings outlook. Huntington analyst recommendations
• Positive Sentiment: Royal Bank of Canada reportedly raised its price target for Realty Income, another potentially supportive analyst signal; the supplied report does not provide the revised target. Realty Income stock gets price target increase from Royal Bank of Canada
• Neutral Sentiment: Recent investor commentary highlights Realty Income’s monthly dividend, diversified portfolio, and high occupancy as attractions for income-focused investors. This is supportive of the investment case but is not a new company announcement. Realty Income pays you 12 times a year
• Negative Sentiment: Cantor Fitzgerald cut its price target from $68 to $63 and maintained a “Neutral” rating. While the revised target remains above the cited share price, the reduction signals more restrained near-term expectations. Cantor Fitzgerald stock recommendations

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.