Streetbeat News

Realty Income Corporation

https://www.realtyincome.com

Industry

REIT - Retail

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Open

56.72

Mkt cap

50B

Volume

1.9M

High

57.23

P/E Ratio

54.36

52-wk high

64.88

Low

56.33

Div yield

0.05

52-wk low

50.65

Realty Income has announced its agreement to acquire Spirit Realty Capital in an all-stock transaction valued at approximately $9.3 billion. This has led to a decrease in Realty Income's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:29 pm

Spirit Realty Capital, Inc (NYSE:SRC) is set to be acquired by Realty Income Corp (NYSE:O) in an all-stock transaction valued at $9.3 billion. The merger is expected to deliver over 2.5% accretion to Realty Income's annualized Adjusted Funds from Operations (AFFO) per share. The transaction is expected to close during the first quarter of 2024.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 11:55 am

Realty Income has agreed to acquire Spirit Realty Capital in an all-stock transaction valued at an enterprise value of approximately $9.3B.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:32 am

A significant bullish stance has been taken on Realty Income (NYSE:O) with unusual options activity noticed. The sentiment among these big-money traders is split between 74% bullish and 25% bearish. The price target for Realty Income over the last 3 months, considering the Volume and Open Interest on these contracts, ranges from $40.0 to $57.5. Wells Fargo and B of A Securities have downgraded their actions on Realty Income to Equal-Weight and Neutral respectively.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:30 pm

The Israel-Hamas conflict has led global investors to seek refuge in defensive assets. An ETF tracking U.S. Treasury bonds with long-term maturities has seen a 1.5% increase this week. Sectors like utilities, energy, and real estate, including companies like NextEra Energy Inc. and Realty Income Corp., have outperformed the S&P 500 index. Gold has also risen approximately 2% this week.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 7:45 pm

Realty Income (NYSE:O) has received a mix of bullish and indifferent analyst ratings in the last quarter. The company's average 12-month price target has decreased by 5.2% from $68.50 to $64.94.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 12:00 pm

B of A Securities analyst Joshua Dennerlein has downgraded Realty Income (NYSE:O) from Buy to Neutral and set a price target of $52.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:45 am

Realty Income (NYSE:O) has received a mix of analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 4 indifferent. The average 12-month price target for the company is $66.79, a decrease of 2.5% from the previous average of $68.50. Analysts determine these ratings based on the company's predicted future earnings and the predictability of its revenue streams.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 12:01 pm

Wells Fargo analyst Connor Siversky has initiated coverage on Realty Income (NYSE:O) with an Equal-Weight rating and a price target of $59.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:54 am

During Friday's session, 169 companies set new 52-week lows. Among them, Bristol-Myers Squibb was the largest firm by market cap to set a new 52-week low, while Blue Star Foods was the smallest. PTC Therapeutics' stock fell the most, trading down 31.29% to reach a new 52-week low. Meanwhile, Prelude Therapeutics' stock bounced back the most, rising 0.0% after reaching its new 52-week low.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:52 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.