- Realty Income has updated its FY AFFO/share forecast to a range of $4.15 to $4.21, previously forecasted at $4.13 to $4.21.
- The current estimate for AFFO/share stands at $4.17.
- Realty Income‘s FFO per share is now predicted to be $4.19 to $4.28, compared to the previous prediction of $4.17 to $4.29.
- The estimate for FFO per share is $4.22.
- 2024 investment volume is now expected to be approximately $3.0 billion, up from the prior guidance of $2.0 billion.
- Sumit Roy, President and CEO of Realty Income, expressed satisfaction with the raised guidance and highlighted the ongoing confidence in the company’s business outlook for the year.
- Stock ratings include 8 buys, 12 holds, and 0 sells.
A look at Realty Income Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Realty Income Corporation, a company that owns and manages commercial properties across the United States, has received favorable Smartkarma Smart Scores. With a top score of 5 in the Dividend category, it signifies a strong outlook for consistent dividend payments. Additionally, the Value score of 4 indicates that the company is perceived as undervalued in the market, offering potential for investors. Momentum and Growth both stand at 4 and 3, respectively, showcasing positive market momentum and decent growth prospects. However, its Resilience score of 2 suggests a relatively lower level of resilience compared to other factors, highlighting some potential risks that investors may need to consider.
Overall, Realty Income presents a solid investment opportunity with promising aspects in dividend payouts, value proposition, market momentum, and growth potential. Despite a slightly lower resilience score, the company’s focus on single-tenant retail properties leased under long-term agreements provides a stable revenue stream. Investors looking for a reliable income-generating investment with growth opportunities may find Realty Income an attractive option based on its strong Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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