Realty Income (NYSE:O) Cut to “Hold” at Freedom Capital

Freedom Capital downgraded shares of Realty Income (NYSE:O) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other research analysts have also commented on the company. Stifel Nicolaus raised their price target on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Wells Fargo & Company raised their target price on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Barclays increased their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Finally, Loop Capital set a $69.00 price objective on shares of Realty Income in a research note on Monday. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.18.

Realty Income Price Performance

Shares of NYSE:O opened at $66.05 on Monday. The firm’s 50 day moving average is $61.83 and its two-hundred day moving average is $59.61. The firm has a market capitalization of $61.59 billion, a P/E ratio of 56.45, a PEG ratio of 3.96 and a beta of 0.77. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income has a 52 week low of $50.71 and a 52 week high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 4.9%. Realty Income’s dividend payout ratio is currently 276.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after buying an additional 676,697 shares during the period. OLD National Bancorp IN purchased a new position in Realty Income during the 3rd quarter valued at about $3,391,000. ProShare Advisors LLC increased its holdings in shares of Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after purchasing an additional 155,677 shares during the period. Federated Hermes Inc. lifted its position in shares of Realty Income by 13.1% in the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock worth $153,763,000 after purchasing an additional 309,902 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Realty Income by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock worth $334,897,000 after purchasing an additional 84,066 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income News Roundup

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

• Positive Sentiment: Several bullish analyst/features highlight Realty Income’s net-lease scale and income appeal, reinforcing its long-term dividend story. Realty Income: Has The Net Lease Giant Found A New Growth Engine? (Rating Upgrade)
• Positive Sentiment: Featured on a “Top Stocks to Double Up On” list, underscoring buy-the-dip / accumulation narratives among income-focused investors. Top Stocks to Double Up on Right Now
• Positive Sentiment: Bullish commentary arguing the company’s growth runway (M&A and portfolio optimization) supports total-return upside and continued dividend reliability. Realty Income: The Ride Has Just Begun
• Positive Sentiment: Included in lists highlighting monthly-paying S&P dividend stocks and “safe” monthly dividend names — positive for income-seeking investors and long-term holders. These S&P 500 Dividend Stocks Are Quietly Crushing the Index — And Paying You Monthly
• Neutral Sentiment: Management presented at Citi’s Miami Global Property CEO Conference; the transcript gives investors direct access to strategy and portfolio commentary but contains no material surprises. Realty Income Corporation (O) Presents at Citi’s Miami Global Property CEO Conference 2026 Transcript
• Neutral Sentiment: Realty Income announced its Chief Legal Officer will depart but will remain through Sept. 2 to ensure an orderly transition — limits near-term disruption but is a governance watch item. Realty Income Plans Legal Leadership Transition While Pursuing Ongoing M&A Growth
• Negative Sentiment: Freedom Capital downgraded Realty Income from “strong-buy” to “hold,” which likely contributed to selling pressure given the stock’s large retail/income investor base. Zacks: Analyst Downgrade Notice

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.