Analyst Raises Realty Income (O) Price Target, Reiterates Buy Rating

With an annual dividend yield of 5.07%, Realty Income Corporation (NYSE:O) is included among the 14 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds.

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Realty Income Corporation (NYSE:O) focuses on acquiring and managing high-quality, single-unit freestanding commercial properties under long-term, net lease agreements leased to leading global operators. The company manages a portfolio of 15,500 properties in all 50 US states, the UK, and eight other countries in Europe.

On June 30, Stifel slightly raised its price target on Realty Income Corporation (NYSE:O) from $70.50 to $70.75, while reiterating a ‘Buy’ rating on the shares. The target boost implies an upside of almost 11% from the current levels.

Meanwhile, earlier on June 17, Scotiabank instead trimmed its price objective on Realty Income Corporation (NYSE:O) from $72 to $67, but maintained its ‘Outperform’ rating on the shares (read more details here).

Realty Income Corporation (NYSE:O) had a strong start to the year and grew its AFFO per share by 6.6% YoY in the first quarter. As a result, it raised its AFFO per share guidance range to the range of $4.41 and $4.4 for full-year 2026, and also increased its investment volume guidance to $9.5 billion at 100% ownership.

Realty Income Corporation (NYSE:O) raised its monthly dividend by 0.2% to $0.271 per share last month. This marks the 135th dividend increase since the company’s listing on the NYSE in 1994. Realty Income boasts the coveted title of a Dividend Aristocrat and was recently placed among the 10 No-Brainer Dividend Stocks to Buy.

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