Realty Income Corporation (O) Stock Price & Analysis
Realty Income Corporation (O) is trading at USD 56.78, down 0.50% today, as of October 23, 2026 at 15:43 UTC (US market open; quotes may be delayed), according to Nexqual market data.
O last closed at USD 57.06; today's session has ranged USD 56.61–57.36 on volume of 1,719,153 shares. Market capitalization is $53.72B, with a 52-week range of USD 53.15–67.94 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 15:43 UTC.
Also available as compact Markdown for AI agents: nexqual.com/O.md
Key facts (O)
- Last four reported quarters (through Jun 30, 2026): revenue $6.05B, net income $1.30B (21.5% margin), free cash flow $4.00B (SEC filings).
- Valuation: P/E 41.2x (avg 49.2x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold O (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $209K; 1 not under a Rule 10b5-1 plan ($209K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.72 on a 1–5 scale) (25 analysts), mean target USD 64.63 (range 59–74).
- Total return with dividends: 1Y -0.5% vs S&P 500 +14.8%; 5Y +6.3% vs S&P 500 +77.6%.
- Next earnings: 2026-11-02, EPS estimate USD 0.43, revenue estimate $1.45B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (O)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B | $6.05B |
| Net income | $359M | $869M | $872M | $861M | $1.06B | $1.30B |
| EPS (diluted) | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 | — |
| Free cash flow | $1.30B | $2.47B | $2.89B | $3.45B | $3.86B | $4.00B |
| Net margin | 17.3% | 26.0% | 21.4% | 16.3% | 18.4% | 21.5% |
| Revenue growth | +26.3% | +60.7% | +22.0% | +29.2% | +9.1% | — |
| Cash + short-term investments | — | $171M | $233M | $445M | $435M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (O)
P/E 41.2x · P/S 8.9x · P/FCF 13.4x · P/B 1.4x · FCF yield 7.45% · Earnings yield 2.43% · Dividend yield (paid, TTM) 5.58%
P/E at fiscal year-ends: Dec 2025 48.4x, Dec 2024 53.6x, Dec 2023 45.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (O)
1 of 80 tracked investors hold O. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.02% | $5.7M | Reduced -2.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (O)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | McLaughlin Gregory | Director | 3,475 | $209K | 9.1% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (O)
Consensus Hold (mean 2.72 on a 1–5 scale), 25 analysts; mean target USD 64.63 (low 59, high 74).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Barclays | Target lowered | Equal-Weight | $65 → $61 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $64 → $59 |
| 2026-10-19 | Mizuho | Target lowered | Neutral | $61 → $59 |
| 2026-10-02 | Truist Securities | Initiated | Hold | $60 |
| 2026-09-24 | Scotiabank | Downgrade | Sector Outperform → Sector Perform | $67 → $59 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $68 → $65 |
| 2026-09-17 | Mizuho | Target lowered | Neutral | $66 → $61 |
| 2026-09-04 | Barclays | Target lowered | Equal-Weight | $67 → $65 |
| 2026-09-01 | Wells Fargo | Target lowered | Equal-Weight | $65 → $64 |
| 2026-08-07 | RBC Capital | Target lowered | Outperform | $71 → $70 |
| 2026-08-07 | Evercore ISI Group | Target raised | In-Line | $67 → $68 |
| 2026-07-22 | Barclays | Target lowered | Equal-Weight | $68 → $67 |
Total return (dividends reinvested) (O)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -0.5% | +6.3% |
| S&P 500 (SPY) | +14.8% | +77.6% |
| Per year | -0.5% | +1.2% |
| Volatility (annualized) | 17.1% | 17.9% |
| Max drawdown | -18.6% (Mar 2026→Oct 2026) | -30.5% (Aug 2022→Oct 2023) |
O revenue by product line (quarter ended Sep 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Retail | $1.10B | 75.1% | +9.6% |
| Industrial | $219.3M | 14.9% | +8.5% |
| Other | $62.2M | 4.2% | +2.0% |
| Total revenue | $1.47B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
O suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Spirit Realty Capital | “(5)Amounts for the year ended December 31, 2024 represent rental revenue from Spirit Realty Capital, Inc. ("Spirit") properties, which were not included in our financial statements prior to the close of the merger (the "Merger") with Spirit on January 23, 2024.” |
| Partner | DIGITAL REALTY TRUST, INC. (DLR) | “We own an 80.0% equity interest in a joint venture that we formed with Digital Realty Trust, Inc. in November 2023.” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name O in their SEC reports
| Relationship to O | Company | Filing | Sentence |
|---|---|---|---|
| partner | Orion Properties Inc. (ONL) | 10-K Mar 5, 2026 | “Following completion of the merger transaction involving Realty Income and VEREIT, Inc. ("VEREIT") on November 1, 2021, Realty Income contributed the combined business comprising certain office real properties and related assets previously owned by subsidiaries of Realty Income, and certain office real properties and related assets previously owned by subsidiaries of VEREIT (the "Separation"), to the Company and i…” |
O analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.43 | $0.41 | +6.0% | $1.45B | 2 |
| Next quarter (ends Dec 2026) | $0.43 | $0.39 | +9.0% | $1.47B | 2 |
| Current fiscal year (ends Dec 2026) | $1.51 | $1.57 | -3.7% | $5.78B | 9 |
| Next fiscal year (ends Dec 2027) | $1.55 | $1.72 | -9.8% | $6.10B | 3 |
O options: expected move
Options price a move of about ±4.5% (±$2.55) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±1.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 19.4% | ±4.5% |
| Dec 18, 2026 | 56 | 19.3% | ±6.2% |
| Jan 15, 2027 | 84 | 19.1% | ±7.5% |
| Mar 19, 2027 | 147 | 19.3% | ±9.9% |
| Jun 17, 2027 | 237 | 18.8% | ±12.0% |
| Sep 17, 2027 | 329 | 19.0% | ±14.1% |
30-day implied volatility 19% vs 19.3% realized over the last 30 trading days. Put/call ratio (volume) 0.37. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 15:43 UTC)
| Price | USD 56.78 |
|---|---|
| Change | ▼ 0.50% (down) |
| Previous Close | USD 57.06 |
| Open | USD 57.16 |
| Day Range | USD 56.61 – 57.36 |
| 52-Week Range | USD 53.15 – 67.94 |
| Volume | 1,719,153 shares |
| Market Cap | $53.72B |
| Exchange | NYQ |
Technical Analysis (O)
Nexqual's technical model rates O "SELL" based on 2 bullish and 4 bearish signals across 128 daily candles, as of October 23, 2026 at 15:43 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 51.02 (neutral) |
| vs SMA50 | Below (USD 58.08) |
| MACD | -0.34 (negative) |
Analyst Ratings (O)
Wall Street analysts rate O "Hold" based on 25 analysts, with a mean price target of USD 64.63 (range USD 59–74), per Nexqual as of October 23, 2026 at 15:43 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 64.63 |
| High Target | USD 74 |
| Low Target | USD 59 |
| Buy / Hold / Sell | 7 / 17 / 1 |
Earnings (O)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.43 |
| Revenue Estimate | $1.45B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.37 vs est 0.42 ▼ miss |
| 2026-03-31 | USD 0.34 vs est 0.42 ▼ miss |
| 2025-12-31 | USD 0.33 vs est 0.41 ▼ miss |
| 2025-09-30 | USD 0.36 vs est 0.4 ▼ miss |
Source: Nexqual, October 23, 2026 at 15:43 UTC.
Financials & Fundamentals (O)
| Total Revenue | $6.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.60% |
| Gross Margin | +92.68% |
| Operating Margin | +46.97% |
| Profit Margin | +20.90% |
| ROE | +3.23% |
| Debt / Equity | 0.75 |
| Current Ratio | 1.53 |
| Total Cash | $569.95M |
| Total Debt | $31.33B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $4.00B (66.1% of revenue) |
Source: Nexqual, October 23, 2026 at 15:43 UTC.
Financial Health Score (O)
Nexqual rates Realty Income Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 15:43 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 93%, operating 47% (last 12 months) |
| Balance Sheet | Solid — $570M cash vs $31.3B debt |
| Cash Flow | Strong — FCF $4.00B (last 4 quarters to Jun 2026, SEC), 66% margin |
| Efficiency | Weak — ROE 3%, ROA 2.4% |
Ownership (O)
| Insider Ownership | +0.12% |
|---|---|
| Institutional Ownership | +80.47% |
| Shares Outstanding | 946.22M |
| Float | 944.06M |
| Short % of Float | +5.10% |
Source: Nexqual, October 23, 2026 at 15:43 UTC.
Leadership (O)
Realty Income Corporation is led by Sumit Roy, President, CEO & Director, per Nexqual as of October 23, 2026 at 15:43 UTC.
| President, CEO & Director | Sumit Roy |
|---|---|
| Executive VP, CFO & Treasurer | Jonathan Pong C.F.A. |
| President of Realty Income International, Executive VP & Chief Strategy Officer | Neil M. Abraham |
| Executive VP & COO | Gregory J. Whyte |
| Vice President of Investor Relations | Alexander John Waters |
Major Backers & Investors (O)
Notable institutional backers of Realty Income Corporation include Bank of America Corporation, Morgan Stanley, Charles Schwab Investment Management, Inc., according to Nexqual as of October 23, 2026 at 15:43 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bank of America Corporation | 2.02% |
| Morgan Stanley | 1.53% |
| Charles Schwab Investment Management, Inc. | 1.38% |
| NORGES BANK | 1.37% |
| Fidelity | 1.28% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 15.21% |
| BlackRock | 11.94% |
| State Street | 6.97% |
| Geode Capital | 3.3% |
| Dimensional Fund Advisors | 1.42% |
Source: Nexqual, October 23, 2026 at 15:43 UTC.
Legal & Regulatory Risks from Realty Income Corporation's Latest 10-K (filed 2026-02-25)
- We may face extensive regulations from gaming and other regulatory authorities regarding current and future gaming properties.
- Changes in U.S. or non-U.S. tax laws and regulations, including changes to tax rates and legislative or other actions may adversely affect us or our investors.
- Litigation risks could affect our business.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SPG | Simon Property Group, Inc. | USD 211.08 | ▼ 0.46% |
| KIM | Kimco Realty Corporation (HC) | USD 23.57 | ▼ 0.11% |
| REG | Regency Centers Corporation | USD 74.03 | ▼ 0.47% |
| FRT | Federal Realty Investment Trust | USD 108.52 | ▼ 0.33% |
| BRX | Brixmor Property Group Inc. | USD 28.1 | ▼ 0.58% |
| ADC | Agree Realty Corporation | USD 66.65 | ▼ 0.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:43 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt