Royal Bank Of Canada Boosts Realty Income (NYSE:O) Price Target to $71.00

Realty Income (NYSE:O) had its price objective hoisted by research analysts at Royal Bank Of Canada from $70.00 to $71.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.64% from the stock’s current price.

A number of other research firms have also weighed in on O. UBS Group upped their price objective on shares of Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Cantor Fitzgerald upped their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th. Loop Capital set a $69.00 price objective on shares of Realty Income in a research note on Monday, March 2nd. Finally, Evercore reaffirmed a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.27.

Realty Income Stock Up 0.2%

Shares of O opened at $61.93 on Thursday. The firm has a market capitalization of $57.75 billion, a P/E ratio of 50.76, a P/E/G ratio of 4.21 and a beta of 0.75. Realty Income has a 12-month low of $54.38 and a 12-month high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $63.55 and a 200-day moving average price of $60.79.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income will post 4.43 earnings per share for the current year.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC raised its holdings in Realty Income by 4.3% in the fourth quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 158 shares in the last quarter. Patrick M Sweeney & Associates Inc. raised its holdings in Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings in Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 166 shares in the last quarter. Sage Private Wealth Group LLC raised its holdings in Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 170 shares in the last quarter. Finally, Trust Investment Advisors raised its holdings in Realty Income by 0.8% in the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock worth $1,311,000 after purchasing an additional 178 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income News Summary

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

• Positive Sentiment: Q1 results beat expectations, with Realty Income posting FFO/AFFO per share of $1.13 and revenue of $1.55 billion, helped by strong occupancy and active investment activity. Realty Income Announces Operating Results for the Three Months Ended March 31, 2026
• Positive Sentiment: The company raised its 2026 AFFO guidance to $4.41-$4.44 and lifted expected investment volume to about $9.5 billion, signaling confidence in its acquisition pipeline and earnings growth. Realty Income targets $9.5B of 2026 investment volume while raising AFFO per share guidance to $4.41-$4.44
• Positive Sentiment: Analyst coverage remained supportive, with RBC raising its price target to $71 and keeping an outperform rating. Benzinga report on RBC price target increase
• Neutral Sentiment: Realty Income launched a new at-the-market equity program, which gives it more flexibility to fund growth but could also add to share count over time. Realty Income Launches New At-the-Market Equity Program
• Negative Sentiment: Investors are focused on the company’s trimmed annual outlook and concerns that higher interest expense and equity dilution could limit per-share growth, which may weigh on the stock. Realty Income beats Q1 targets but trims annual outlook
• Negative Sentiment: Some analysts downgraded the name to hold, arguing that revenue growth has not translated into faster FFO per share growth and that rising debt and share issuance remain headwinds. Realty Income Q1 Earnings: Topline Growth Met Flat FFO Per Share (Rating Downgrade)

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.