Last Updated: 14 Sep 2024
Executive Summary
Realty Income Corporation (O) is a leading real estate investment trust (REIT) that invests in free-standing, single-tenant commercial properties. The company has a strong track record of dividend growth and has increased its dividend for 100 consecutive quarters. Realty Income is currently trading at a premium to its peers, but its strong fundamentals and dividend yield make it an attractive investment for income-oriented investors.
Company Overview
Realty Income was founded in 1969 and is headquartered in San Diego, California. The company owns a portfolio of over 11,000 properties in the United States, Puerto Rico, and the United Kingdom. Realty Income's properties are leased to a variety of tenants, including retail, office, and industrial users.
Fundamental Analysis
Realty Income has a strong financial profile. The company has a low debt-to-equity ratio and a strong cash flow. Realty Income's earnings have grown steadily in recent years, and the company is expected to continue to grow its earnings in the future.
Realty Income's dividend yield is currently 5.07%. The company has a long history of increasing its dividend, and it is expected to continue to increase its dividend in the future.
Technical Analysis
Realty Income's stock price has been trading in a range between $55 and $65 for the past year. The stock price is currently trading near the top of its range, and it is likely to continue to trade in this range in the near term.
Short Term Outlook
Realty Income's stock price is likely to continue to trade in a range between $55 and $65 in the near term. The company's strong fundamentals and dividend yield make it an attractive investment for income-oriented investors.
Long Term Outlook
Realty Income's long-term outlook is positive. The company is expected to continue to grow its earnings and dividend in the future. Realty Income's stock price is likely to appreciate over the long term as the company continues to grow.
Analyst Recommendations
Analysts have a positive outlook on Realty Income. The consensus analyst rating is "Buy." The average analyst target price is $64.3.
