Key Highlights:
- Realty Income (O, Financial) stock has risen over 8% this year, surpassing the S&P 500's performance.
- Wall Street analysts offer a one-year average price target of $60.78, indicating potential growth.
- GuruFocus estimates a 12.59% upside to a GF Value of $65.56 for Realty Income.
Realty Income's Ascending Performance
Realty Income (NYSE: O) is demonstrating a notable upward momentum, with shares climbing more than 2% to $58.53, achieving gains over seven consecutive sessions. This performance brings the real estate investment trust (REIT) to an impressive over 8% increase for the year, outpacing the broader S&P 500's performance. A strategic $600 million note offering further highlights Realty Income's solid financial position amidst a challenging market environment.
Analyst Expectations and Market Outlook
The foresight from 18 analysts sets the average one-year price target for Realty Income Corp (O, Financial) at $60.78, with predictions spanning a high estimate of $65.50 and a low estimate of $57.00. This average price target suggests a potential upside of 4.38% from the current share price of $58.23. Comprehensive estimate data is accessible on the Realty Income Corp (O) Forecast page.
Brokerage firms collectively assign Realty Income Corp (O, Financial) an average recommendation rating of 2.7, placing it in the "Hold" category. This consensus is based on a rating scale from 1 to 5, with 1 indicating a Strong Buy and 5 denoting a Sell recommendation.
Valuation Insights from GuruFocus
According to GuruFocus analytics, Realty Income Corp's (O, Financial) estimated GF Value stands at $65.56 over the coming year, projecting a significant upside potential of 12.59% compared to its present price of $58.23. The GF Value represents GuruFocus' calculation of the fair value the stock should trade at, derived from historical trading multiples, past business growth, and future business performance estimates. Investors can explore more detailed valuation data on the Realty Income Corp (O) Summary page.
