Realty Income Corporation (NYSE: O) Monthly Report
Publication Date: September 22, 2024
Company Overview
Realty Income Corporation, commonly referred to as “The Monthly Dividend Company,” is a prominent real estate investment trust (REIT) headquartered in San Diego, California. With a robust portfolio comprising over 15,450 properties leased primarily to commercial clients under long-term agreements, Realty Income is a noteworthy player in the retail real estate sector. The company boasts an impressive 55-year history, having declared 644 consecutive monthly dividends and raised its dividend 123 times since its public inception in 1994. As a member of both the S&P 500 and the S&P 500 Dividend Aristocrats index, Realty Income is regarded as a reliable source of monthly income for investors. Financially, the company shows substantial strength with total revenues around $4.72 billion, alongside a stock price currently at $61.63, demonstrating promising potential for growth with a target high price of $70.25.
Market Position and Investor Sentiment
Realty Income’s stock remains a favorable choice in the retail REIT sector, with its current market price above the fifty-day moving average of $60.15, indicating a positive trend. The stock has exhibited volatility over the past year, reaching highs of $63.39 and lows of $45.04. Investor sentiment appears optimistic, reflected in a short interest of only 0.0212% of the float, suggesting that most investors hold a bullish outlook on the company’s future performance. Analysts express confidence in Realty Income’s growth prospects, as indicated by a consensus recommendation of “buy” from 16 analysts, bolstered by a target mean price of $64.48 and a high target of $70.25.
Financial Performance and Expectations
With total revenues of approximately $4.72 billion, Realty Income showcases solid financial health, positioning it strongly within the REIT market. Despite the absence of EBITDA data, the company maintains a bullish sentiment in the market, evidenced by a target price range between $58.00 to $70.25. The stock’s current position near its 52-week high indicates a resilient performance even amidst market fluctuations, underscoring investor confidence. As the retail sector continues to adapt, Realty Income offers a compelling opportunity for diversification within investment portfolios, making it an attractive option for both income-seeking and growth-oriented investors.
| Metric | Value |
|---|---|
| Market Cap | $53.7b |
| Total Debt | $26.1b |
| Total Cash | $442.8m |
| Shares Outstanding | 870.9m |
| Float Shares | 869.1m |
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