O · NYSE · STOCK
Realty Income (O) Stock Analysis
$54.17
52W $53.15 – $67.94
55/100
$50.52B
39.5
0.70
Is O Bullish or Bearish?
Mixed.
Innellis AI committee rates Realty Income Corporation (O) Watch with a composite score of 55/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.65 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -15.35 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- Dividend yield of 5.7% pays you to wait — Value
- EPS growing 32.1% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 40.5 is expensive by classic value standards — Value
- ROE of only 3.2% -- cheap may mean cheap for a reason — Value
- 5 consecutive earnings misses -- execution concerns — Growth
- Price structure making lower highs and lower lows — Technical
- Price structure (HH_HL) contradicts the downtrend -- mixed signals — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
55/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 30%
of 80 Real Estate peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.3x is a discount to asset value
− P/E of 40.5 is expensive by classic value standards
Growth Analyst
bullish
64
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 32.1% YoY
− 5 consecutive earnings misses -- execution concerns
Technical Analyst
neutral
45
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 55.4 to 55.4.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
38.0
Neutral
MACD Histogram
0.079
Bullish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$51.61
Resistance
$58.85
Bollinger %B
0.30
Inside Bands
Price vs Moving Averages
EMA 9
$54.35
Below
EMA 21
$55.82
Below
EMA 50
$58.39
Below
EMA 200
$60.61
Below
Fundamental Analysis
Valuation
64
Growth
50
Profitability
57
Financial Health
86
Cash Flow
70
Valuation
P/E Ratio
39.5×
P/B Ratio
1.28×
PEG Ratio
1.20
Dividend Yield
5.99%
52W High
$67.94
52W Low
$53.15
Quality & Growth
ROE
268.4%
ROA
145.4%
Gross Margin
6862.1%
Operating Margin
2919.3%
Revenue Growth YoY
—
Debt / Equity
0.07
AI Fundamental Assessment
P/E ratio of 39.5 (rich relative to a 15-40x range); Price-to-book of 1.3x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 2.7%; Return on assets of 1.5%; Net margin of 22.3%; Gross margin of 68.6%; Current ratio of 1.66 (healthy short-term liquidity); Debt-to-equity of 0.07; Free cash flow per share is positive (2.34); Most recent quarter missed estimates by 11.0%; 5 consecutive earnings misses; EPS growth accelerating (+3.1% -> +12.1% QoQ); Average YoY EPS growth of 68.2%; Analyst estimates rising over recent quarters
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