Realty Income (NYSE:O) Releases FY 2026 Earnings Guidance

Realty Income (NYSE:O) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.410-4.440 for the period, compared to the consensus EPS estimate of 4.450. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Loop Capital set a $69.00 price target on Realty Income in a report on Monday, March 2nd. Royal Bank Of Canada lifted their price objective on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday. Barclays boosted their price target on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, UBS Group boosted their price target on Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $67.27.

Realty Income Stock Up 0.4%

NYSE:O traded up $0.28 on Friday, reaching $62.07. The stock had a trading volume of 2,525,358 shares, compared to its average volume of 6,219,661. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $63.55 and a 200 day moving average of $60.79. The stock has a market cap of $57.88 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 4.33 and a beta of 0.75. Realty Income has a 12-month low of $54.38 and a 12-month high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.83%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts predict that Realty Income will post 4.45 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Thursday, April 30th. Realty Income’s dividend payout ratio (DPR) is currently 265.57%.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Key Realty Income News

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

• Positive Sentiment: Q1 results beat consensus — FFO/AFFO per share of $1.13 and revenue of $1.55B; the company reported ~98.9% occupancy and said it invested ~$2.8B at a ~7.1% initial cash yield, and raised its 2026 investment-volume target. Realty Income Corporation Q1 2026 Earnings Call Summary
• Positive Sentiment: Analyst support: Royal Bank of Canada raised its price target (outperform) to $71, signaling upside from current levels and reinforcing buy-side confidence after the quarter. RBC raises price target
• Positive Sentiment: Management tone: the earnings call emphasized confident expansion and active capital deployment (growth-oriented message that supports future AFFO). Earnings call signals confident expansion
• Neutral Sentiment: New at-the-market (ATM) equity program launched to provide flexible capital — improves funding optionality but raises dilution risk depending on usage. Realty Income Launches New ATM Equity Program
• Neutral Sentiment: Dividend narrative remains strong — coverage pieces highlight Realty Income’s long track record of monthly dividend raises, supporting income-oriented demand but not eliminating valuation/operational risks. Realty Income Keeps Delivering
• Negative Sentiment: Analyst downgrade/criticisms: Seeking Alpha downgraded to Hold, flagging flat FFO per share vs. revenue growth, major equity dilution (shares materially higher over five years) and rising liabilities/interest costs that could pressure per-share results. Seeking Alpha downgrade
• Negative Sentiment: Guidance nuance: while management raised some outlook items (investment plans/AFFO range), some headlines read the FY outlook as trimmed or short of consensus — a mixed guidance message that can cap near-term multiple expansion. MSN: beats Q1 but trims outlook

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in shares of Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. State Street Corp lifted its stake in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,795,930 shares of the real estate investment trust’s stock valued at $664,937,000 after purchasing an additional 660,062 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Realty Income by 5.8% in the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after purchasing an additional 654,958 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new stake in shares of Realty Income in the 4th quarter valued at $33,822,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.