Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
18 October 1994Website:
http://www.realtyincome.comNext earnings report:
05 August 2024Last dividends:
01 July 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:59:52 GMTAnalysts recommendations
Institutional Ownership
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British American Tobacco has a massive 9.5% dividend yield, but there's a big fundamental problem with the company. Realty Income's dividend yield is roughly 6%.
Dividend stocks have a knack for running circles around non-payers over the long run. An industry-leading real estate investment trust (REIT), which has raised its payout for 107 consecutive quarters, has reached a 6% yield and is primed to be bought by opportunistic investors.
O pays a well-covered monthly dividend of $0.26/share, currently yielding 5.9%. Its portfolio is well-diversified both geographically and based on the property-type, with a resilient tenant base and 98.6% occupancy. The yield, forecast AFFO growth, and the possibility of lower interest rates have created an interesting opportunity for income/value investors.
Since early 2020, REIT market has been lagging behind the S&P 500. The gap has widened after the Fed initiated interest rate hiking cycle. The depressed multiples in the REIT space create opportunities.
Realty Income stock returned 1.6% to investors since March, with monthly dividend hikes in June and May. Management boosted earnings guidance for 2024 and announced aggressive investment increase, maintaining low risks. Valuation analysis shows a 19% undervaluation, with fair value estimated at $62.4 and attractive P/AFFO ratio.
Realty Income is a robust dividend stock. Dividends can produce market-beating total returns over time.
Starbucks disappointed investors with its first quarter results, but it is mainly affected by temporary headwinds. Realty Income has been hit hard by rising interest rates but is a solid business with a long-term history of outperformance.
Realty Income is a diverse REIT with a focus on retail, industrial, and gaming properties, with a strong presence in the US and UK markets. The company has seen significant revenue and profitability growth, with increased dividends and raised guidance for 2024, indicating positive performance. Valuation metrics suggest that Realty Income is fairly valued compared to similar firms, with potential for future value creation through continued investments.
Realty Income generates growing income in any environment and is still trading below its pre-pandemic high. Prologis is the largest REIT in the world and has a ton of rent growth that is yet to be reflected in the numbers.
Realty Income has delivered exceptionally poor returns since 2016. The culprit was the endless hype and overpaying for modest growth. The painful past has now set up a better future.
What type of business is Realty Income?
Realty Income Corporation is an American real estate investment trust. Founded in 1969, the headquarters is located in San Diego, California. It is structured and operates as a REIT fund. As of the beginning of 2019, the real estate investment portfolio consisted of 5795 properties totaling 93.3 million square feet in the United States (49 states) and Puerto Rico, of which 98% of the area is leased. 97% of the properties are retail spaces, which generate 82% of the fund's total income in the form of rental payments. The company's client base consists of 262 commercial tenants from 48 different business sectors. The largest tenants include the following companies: Walgreen Company, 7-Eleven Inc., FedEx Corporation, Dollar General Corporation, LA Fitness International LLC, Dollar Tree Stores, Inc., AMC Theatres, Walmart Inc., CVS Health Corporation, and others.
What sector is Realty Income in?
Realty Income is in the Real Estate sector
What industry is Realty Income in?
Realty Income is in the Retail industry
What country is Realty Income from?
Realty Income is headquartered in United States
When did Realty Income go public?
Realty Income initial public offering (IPO) was on 18 October 1994
What is Realty Income website?
https://www.realtyincome.com
Is Realty Income in the S&P 500?
Yes, Realty Income is included in the S&P 500 index
Is Realty Income in the NASDAQ 100?
No, Realty Income is not included in the NASDAQ 100 index
Is Realty Income in the Dow Jones?
No, Realty Income is not included in the Dow Jones index
When does Realty Income report earnings?
The next expected earnings date for Realty Income is 05 August 2024