Realty Income (NYSE:O) Releases FY 2026 Earnings Guidance

Realty Income (NYSE:O) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.410-4.440 for the period, compared to the consensus estimate of 4.450. The company issued revenue guidance of -.

Realty Income Stock Up 0.7%

NYSE O traded up $0.47 on Wednesday, reaching $64.04. The company had a trading volume of 5,063,629 shares, compared to its average volume of 6,180,307. The firm has a market capitalization of $59.71 billion, a PE ratio of 54.73, a P/E/G ratio of 4.29 and a beta of 0.75. Realty Income has a 1 year low of $54.38 and a 1 year high of $67.93. The firm has a 50-day moving average of $63.70 and a 200-day moving average of $60.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities research analysts anticipate that Realty Income will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.2705 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, April 30th. Realty Income’s dividend payout ratio is 277.78%.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Morgan Stanley set a $67.00 target price on Realty Income in a research note on Monday, April 27th. Evercore reiterated a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Scotiabank increased their target price on Realty Income from $67.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 11th. Finally, UBS Group increased their target price on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $66.75.

Insider Transactions at Realty Income

In related news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

More Realty Income News

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

• Positive Sentiment: Quarterly operating strength and revenue beat — Realty Income reported strong operating results for the quarter ended March 31, 2026, with revenue of $1.55 billion versus analyst estimates of $1.39 billion, which supports confidence in underlying cash flow. Realty Income Announces Operating Results
• Positive Sentiment: Company says it boosted its 2026 outlook after the quarter — management updated FY-2026 guidance (EPS range provided) and described the quarter as strong, which investors view as a vote of confidence in growth prospects and dividend coverage. Realty Income boosts 2026 outlook after strong quarter
• Neutral Sentiment: Income-oriented press coverage highlights Realty Income as a reliable monthly dividend play — multiple personal-finance pieces and analyst previews reiterate the company’s role in income portfolios, which can support steady demand but are unlikely to trigger sharp moves alone. Is Realty Income (O) Still Attractive After Recent Share Price Recovery?
• Negative Sentiment: EPS miss on the quarter — Realty Income reported $0.33 EPS vs. consensus of $0.40, a meaningful shortfall that pressures near-term sentiment and raises questions about margin timing despite the revenue beat. View Press Release
• Negative Sentiment: Guidance slightly below street consensus — FY-2026 EPS guidance was set at $4.410–$4.440 versus a consensus near $4.45, so while management framed this as an improvement versus prior internal expectations, the range sits just under analyst models and may temper upside. View Slide Deck

Institutional Investors Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in O. Morgan Stanley increased its position in Realty Income by 21.6% in the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the period. State Street Corp increased its position in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the period. Charles Schwab Investment Management Inc. increased its position in Realty Income by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,795,930 shares of the real estate investment trust’s stock worth $664,937,000 after buying an additional 660,062 shares during the period. Raymond James Financial Inc. increased its position in Realty Income by 5.8% in the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after buying an additional 654,958 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in Realty Income in the fourth quarter worth $33,822,000. 70.81% of the stock is owned by institutional investors and hedge funds.

About Realty Income

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.