Realty Income: Who Wants A Raise?
Realty Income Corporation's recent share price pullback presents a buying opportunity for long-term investors, with a forward multiple of 13.58x and potential upside of over 33%. Despite a mixed Q3 earnings report, O stock increased its AFFO guidance and maintains a solid growth rate of 4.75% year over year. The REIT's fundamentals, including a strong balance sheet and well-covered 5.5% dividend yield, make it an attractive investment amid high inflation.
Realty Income: You Can Get A 5% Yield Again
Realty Income Corporation demonstrated steady AFFO growth and stable dividend payout metrics in 3Q24, making it a compelling buy for passive income investors. The REIT's portfolio, predominantly retail-focused, remains well-leased, with occupancy exceeding 98%, and AFFO grew 27% YoY due to strategic acquisitions. Realty Income's dividend yield crossed 5%, and the dividend payout ratio remained stable, reflecting high AFFO predictability and making it a preferred investment.
Realty Income Stock Is Dropping, Can This Be An Opportunity? (Rating Upgrade)
Realty Income has just sold off, falling over 3% in a day, after a few weeks of decreasing stock price. As a result, the valuation gap between Realty Income and its peers grew wide. Realty Income improved its 2024 guidance and remains capable of delivering sufficient AFFO per share growth and stability to ensure further dividend growth and the safety of payments.
Why Realty Income Stock Was Falling Today
Rising bond yields pose a challenge for the real estate investment trust.
This Incredible 5.4%-Yielding Dividend Stock Expects to Grow Even Faster This Year
Realty Income is growing more optimistic about its growth.
Realty Income Corporation (O) Q3 2024 Earnings Call Transcript
Realty Income Corporation (NYSE:O ) Q3 2024 Results Conference Call November 5, 2024 2:00 PM ET Company Participants Kelsey Mueller - Vice President, Investor Relations Sumit Roy - President & Chief Executive Officer Jonathan Pong - Chief Financial Officer & Treasurer Conference Call Participants John Kilichowski - Wells Fargo Greg McGinniss - Scotiabank Brad Heffern - RBC Capital Markets Smedes Rose - Citigroup Jay Kornreich - SMBC Haendel St. Juste - Mizuho Spenser Allaway - Green Street Advisors Upal Rana - KeyBanc Capital Markets Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley R.J. Milligan - Raymond James Wes Golladay - Baird Operator Good day, and welcome to the Realty Income Third Quarter 2024 Earnings Conference Call.
Realty Income Drops Earnings: The Foundation Shakes
Realty Income Corporation is a buy for its 5%+ dividend yield and strong potential upside to the author's price target in 2025. Q3 2024 revenue number was fair, but same-store revenue was slightly below target. Net income and AFFO were below expectations, with higher interest and depreciation expenses contributing to increased total expenses.
Realty Income's Q3 AFFO Meets Estimates, Revenues Rise Y/Y
O's third-quarter 2024 results display year over year rise in revenues. However, the portfolio occupancy declined marginally.
Is Realty Income a Buy, Sell, or Hold in 2025?
This leading REIT could be an attractive dividend play again.
Compared to Estimates, Realty Income Corp. (O) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Realty Income Corp. (O) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Realty Income Corp. (O) Meets Q3 FFO Estimates
Realty Income Corp. (O) came out with quarterly funds from operations (FFO) of $1.05 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.02 per share a year ago.
Realty Income Corp. (O) Loses -5.05% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
The heavy selling pressure might have exhausted for Realty Income Corp. (O) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
