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Realty Income Corporation (NYSE:O) is structured as a real estate investment trust (REIT). Its monthly dividends are supported by the cash flow from over 15,450 properties primarily owned under long-term net lease agreements with commercial clients.
It is set to report its Q4 2024 earnings on February 18. Wall Street analysts expect the company to post an EPS of $1.08, up from $1.01 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.27 billion, up from $1.08 billion in the previous year.
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If You Bought Realty Income Stock 10 Years Ago
The company's stock traded at approximately $44.64 per share 10 years ago. If you had invested $10,000, you could have bought roughly 224 shares. Currently, shares trade at $56.54, meaning your investment's value could have grown to $12,666 from stock price appreciation alone. However, Realty Income also paid dividends during these 10 years.
Realty Income's dividend yield is currently 5.59%. Over the last 10 years, it has paid about $26.99 in dividends per share, meaning you could have made $6,046 from dividends alone.
Summing up $12,666 and $6,046, we end up with the final value of your investment, which is $18,712. This is how much you could have made if you had invested $10,000 in Realty Income stock 10 years ago. This means a total return of 87.12%. However, this figure is significantly lower than the S&P 500 total return for the same period, which was 224.84%.
Trending: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.
What Could The Next 10 Years Bring?
Realty Income has a consensus rating of "Neutral" and a price target of $62.83 based on the ratings of 22 analysts. The price target implies more than 11% potential upside from the current stock price.
On Nov. 4, the company announced its Q3 2024 earnings, posting an AFFO of $1.05, matching expectations and revenues of $1.33 billion, beating the consensus estimate of $1.282 billion, as reported by Benzinga.