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

Realty Income (NYSE:O) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.450-4.460 for the period, compared to the consensus earnings per share estimate of 4.450.

Wall Street Analyst Weigh In

O has been the topic of several analyst reports. Huntington Sec started coverage on shares of Realty Income in a report on Monday. They issued a “strong-buy” rating on the stock. Wells Fargo & Company cut their price target on shares of Realty Income from $64.00 to $59.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Truist Financial upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. Stifel Nicolaus set a $63.75 target price on Realty Income in a research report on Friday, October 9th. Finally, Evercore set a $65.00 target price on Realty Income in a research report on Monday, September 21st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Moderate Buy” and an average target price of $71.81.

Realty Income Stock Down 0.1%

O stock opened at $57.53 on Wednesday. The company has a market cap of $54.44 billion, a P/E ratio of 39.68, a P/E/G ratio of 4.50 and a beta of 0.65. Realty Income has a 52 week low of $53.15 and a 52 week high of $67.93. The company’s 50-day moving average price is $57.29 and its 200 day moving average price is $61.58. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Realty Income had a net margin of 21.85% and a return on equity of 3.30%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts expect that Realty Income will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.2715 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $3.26 annualized dividend and a dividend yield of 5.7%. Realty Income’s payout ratio is 237.96%.

More Realty Income News

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

• Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) was $1.12 per share, up 3.7% year over year and ahead of the $1.11 consensus estimate. Revenue increased 10.3% to $1.62 billion, also topping expectations. Zacks Q3 results
• Positive Sentiment: Management raised 2026 AFFO guidance to $4.45–$4.46 per share and is targeting $10 billion in investments this year. The company invested $2.6 billion in the quarter at a 6.8% initial yield; European investments reached $940 million at a 7.1% cash yield. Investment target and guidance
• Positive Sentiment: Realty Income raised its monthly dividend again and has now made 676 consecutive monthly payments. Its dividend payout was about 73% of AFFO, offering evidence of coverage from operating cash flow. Dividend and cash-flow coverage
• Positive Sentiment: Royal Bank of Canada raised its price target to $61 and maintained an “outperform” rating; Wall Street brokerages collectively now rate the shares “Moderate Buy.” RBC analyst action
• Negative Sentiment: Despite portfolio expansion and high occupancy, AFFO per share growth was only 3.7%. That modest pace helps explain why strong quarterly results may not be enough to drive a stronger market reaction. Growth limitations
• Negative Sentiment: Higher U.S. borrowing costs remain a headwind: they can raise funding expenses and make it harder for Realty Income to invest at spreads that support attractive growth. Funding flexibility and borrowing costs

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.