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

RBC Capital analyst Brad Heffern has maintained an Outperform rating on Realty Income (NYSE:O) and increased the price target from $58 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:22 pm

Realty Income (NYSE:O) has received mixed analyst ratings over the past quarter, with 6 analysts offering opinions ranging from bullish to indifferent. The average 12-month price target is $60.25, with a high of $67.50 and a low of $48.00, marking a slight decrease from the previous average of $61.12. Analysts from firms including Mizuho, Exane BNP Paribas, Wolfe Research, RBC Capital, and Stifel have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. Realty Income owns a diverse portfolio of properties and has shown strong revenue growth and net margin, but below-average ROE and ROA. Its debt-to-equity ratio is below industry norms, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 9:01 pm

Mizuho analyst Vikram Malhorta has reaffirmed a Buy rating on Realty Income (NYSE:O) and increased the price target from $58 to $60, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 4:33 pm

The article discusses the importance of relative strength in selecting retail REITs and highlights five with strong performance, dividend yields, and growth. Alexander's Inc. (ALX) leads with a 15.56% return, followed by Macerich Co. (MAC), Realty Income Corp. (O), Agree Realty Corp. (ADC), and NetSTREIT Corp. (NTST). Analyst ratings and dividend information for these REITs are provided, along with their recent acquisitions and financial results.

Portfolio Pulse from Ethan Roberts

January 10, 2024 | 3:29 pm

Realty Income Corporation (NYSE: O) has priced a public offering of $1.25 billion in senior unsecured notes, split into two tranches: $450 million at 4.750% due 2029 and $800 million at 5.125% due 2034. The 2029 Notes were priced at 99.225% and the 2034 Notes at 98.910% of their principal amounts, resulting in effective semi-annual yields to maturity of 4.923% and 5.265%, respectively. The offering has a weighted average tenor of 8.3 years, yield to maturity of 5.142%, and coupon rate of 4.990%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:40 am

Jim Cramer discussed various healthcare and technology stocks on CNBC's 'Mad Money Lightning Round'. He recommended staying with Realty Income (O), called ImmunoGen (IMGN) a property of AbbVie (ABBV), and labeled GE HealthCare Technologies (GEHC) as 'ridiculously cheap'. He was not a buyer of Ramaco Resources (METC) and expressed uncertainty about Bitfarms (BITF) and TKO Group Holdings (TKO). Cramer was positive about Arm Holdings (ARMH) and neutral about Micron Technology (MU), but found Coherent Corp. (COHR) too expensive and is not a supporter of Teva Pharmaceutical (TEVA).

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 1:53 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' advised investors to move on from Tidewater Inc. (TDW) due to its significant price movement. He endorsed Costco Wholesale Corporation (COST) as a great long-term investment, despite its occasional dips. Cramer preferred Realty Income Corporation (O) over Essential Properties Realty Trust, Inc. (EPRT) and recommended The Procter & Gamble Company (PG) over Unilever PLC (UL). He also suggested buying Biomea Fusion, Inc. (BMEA) as a speculative investment and expressed his liking for Cheniere Energy, Inc. (CNG). The article includes recent price actions of the mentioned stocks.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 2:01 pm

Realty Income (NYSE:O) has seen a 39.55% increase in short interest since its last report, with 27.02 million shares sold short, representing 4.34% of its float. It would take about 3.05 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Realty Income has less short interest compared to its peer group average of 5.36%. The rise in short interest does not necessarily predict a stock price decline.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 6:00 pm

The article discusses the benefits of investing in REITs for retirees to combat inflation, highlighting three REITs that have recently raised their dividends: Realty Income Corp (O), Mid-America Apartment Communities Inc. (MAA), and CubeSmart (CUBE). Realty Income Corp announced a slight increase in its monthly dividend, maintaining a high occupancy rate and a strong total return since 1995. Mid-America Apartment Communities announced a 5% increase in its quarterly dividend, marking consistent growth and a strong dividend increase history. CubeSmart announced a 4.1% increase in its quarterly dividend, continuing its record of dividend growth and a high yield since its IPO.

Portfolio Pulse from Ethan Roberts

December 14, 2023 | 6:04 pm

Realty Income Corp. (NYSE:O) has seen its stock price around $53 and has a history of increasing dividends for 31 years, with an expected Q4 2023 dividend of $1.02 per share. The company reported a 24.1% revenue increase year-over-year, reaching $1.04 billion last quarter. The article explains how to generate a monthly income of $500 by investing in O, requiring an investment of $105,263, and provides a guide on calculating dividend yield and its relation to stock price.

Portfolio Pulse from judithnwadigo@gmail.com

December 14, 2023 | 3:54 pm

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