57/100BRealty Income stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Realty Income is 75.58, 27.6% above the current price of 59.25. Their targets range from 59.00 to 187.00.
Of the 13 firms that rated Realty Income in the past 12 months, 3 rate it buy or strong buy, 9 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 59.00 to 187.00, with an average of 75.58.
| Buy | 3 | |
| Hold | 9 | |
| Sell | 1 |
12-month price target
| Highest target | 187.00 |
| Average target | 75.58 |
| Lowest target | 59.00 |
| Current price | 59.25 |
Realty Income price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Realty Income price target and rating?
How analysts rate Realty Income, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
3 of 13 firms rate it buy now, against 3 of 13 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Realty Income analyst upgrades, downgrades and price targets
The latest rating change came on 24 September 2026, when Scotiabank downgraded Realty Income from Sector Outperform to Sector Perform. Its price target is 59.00, from 69.00. The most recent new target came from Barclays on 20 October 2026: 61.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Barclays Richard Hightower | Reiterated · Equal Weight | 65.00 → 61.00 | -6.2% | 55.51 |
| 19 Oct 2026 | Mizuho Securities | Reiterated · Neutral | 61.00 → 187.00 | +206.6% | 56.08 |
| 19 Oct 2026 | Wells Fargo | Reiterated · Equal Weight | 64.00 → 59.00 | -7.8% | 56.08 |
| 9 Oct 2026 | Stifel Nicolaus | — | 70.75 → 63.75 | -9.9% | 54.17 |
| 1 Oct 2026 | Truist Financial Linda Tsai | — | 60.00 | — | 53.53 |
| 24 Sept 2026 | Scotiabank | Downgraded · Sector Outperform → Sector Perform | 69.00 → 59.00 | -14.5% | 55.61 |
| 21 Sept 2026 | Evercore ISI | Reiterated · In Line | 68.00 → 65.00 | -4.4% | 56.85 |
| 17 Sept 2026 | Mizuho Securities | Reiterated · Neutral | 66.00 → 61.00 | -7.6% | 57.15 |
| 4 Sept 2026 | Barclays Richard Hightower | Reiterated · Equal Weight | 67.00 → 65.00 | -3.0% | 61.74 |
| 1 Sept 2026 | Wells Fargo | Reiterated · Equal Weight | 65.00 → 64.00 | -1.5% | 61.28 |
| 7 Aug 2026 | Evercore ISI | Reiterated · In Line | 62.00 → 68.00 | +9.7% | 62.79 |
| 22 Jul 2026 | Barclays | Reiterated · Equal Weight | 68.00 → 67.00 | -1.5% | 64.99 |
| 15 Jul 2026 | Wells Fargo | Reiterated · Equal Weight | 60.00 → 65.00 | +8.3% | 63.77 |
| 6 Jul 2026 | Robert W. Baird Wesley Golladay | — | 65.00 | — | 63.84 |
| 30 Jun 2026 | Stifel Nicolaus | — | 70.75 | — | 63.04 |
| 18 Jun 2026 | UBS | — | 67.00 | — | 60.57 |
| 1 Jun 2026 | Jefferies Joe Dickstein | — | 69.00 | — | 61.28 |
| 13 May 2026 | Mizuho Securities | Reiterated · Neutral | 60.00 → 66.00 | +10.0% | 62.53 |
| 11 May 2026 | Freedom Broker | Upgraded · Neutral → Buy | — | — | — |
| 27 Apr 2026 | Morgan Stanley | — | 65.00 → 67.00 | +3.1% | 63.63 |
| 21 Apr 2026 | Barclays Richard Hightower | Reiterated · Equal Weight | 64.00 → 68.00 | +6.3% | 64.92 |
| 11 Mar 2026 | Scotiabank | Reiterated · Sector Outperform | 67.00 → 69.00 | +3.0% | 64.71 |
| 2 Mar 2026 | Loop Capital Markets Zhiger Kurmet | — | 69.00 | — | 67.38 |
| 2 Mar 2026 | Freedom Broker | Downgraded · Buy → Hold | — | — | — |
| 2 Feb 2026 | Scotiabank | Upgraded · Sector Perform → Sector Outperform | — | — | — |
| 30 Jan 2026 | Scotiabank Nicholas Yulico | — | 60.00 → 67.00 | +11.7% | 60.57 |
| 20 Jan 2026 | Deutsche Bank Omotayo Okusanya | — | 69.00 | — | 61.42 |
| 24 Dec 2025 | Morgan Stanley | Reiterated · Equal Weight | 65.00 | — | 55.93 |
| 18 Dec 2025 | JP Morgan | Downgraded · Neutral → Underweight | — | — | — |
| 17 Dec 2025 | Mizuho Securities | Reiterated · Neutral | 60.00 | — | 57.44 |
| 3 Dec 2025 | Barclays | Reiterated · Equal Weight | 63.00 → 64.00 | +1.6% | 57.50 |
| 25 Nov 2025 | Wells Fargo John Kilichowski | Reiterated · Equal Weight | 60.00 | — | 56.74 |
Realty Income EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Realty Income's EPS to grow 13.3% a year until 2028. Over the last 5 years it grew 0.5% a year, and over the last 3 years it fell 6.3%.
Analysts expect Realty Income's revenue to grow 4.1% a year until 2028, slower than over the last 5 years (28.4% a year) and the last 3 years (19.8%).
Revenue
EPS
Does Realty Income beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 22.5% off the result, either way, and their revenue estimate 5.0%, over the last 12 quarters.
- EPS beats
- 31 / 90
- Revenue beats
- 51 / 90
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -21.6%
- Since
- July 2004
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 2 Nov 2026 | 0.41 | 0.43 | +5.7% | 1.43B | 1.62B | +13.3% |
| Q2 FY2026 | 5 Aug 2026 | 0.40 | 0.37 | -7.0% | 1.40B | 1.43B | +1.5% |
| Q1 FY2026 | 6 May 2026 | 0.40 | 0.33 | -18.0% | 1.39B | 1.44B | +3.3% |
| Q4 FY2025 | 24 Feb 2026 | 0.38 | 0.32 | -16.6% | 1.36B | 1.40B | +2.8% |
| Q3 FY2025 | 3 Nov 2025 | 0.40 | 0.35 | -14.7% | 1.39B | 1.47B | +5.5% |
| Q2 FY2025 | 4 Aug 2025 | 0.40 | 0.22 | -45.3% | 1.34B | 1.41B | +5.4% |
| Q1 FY2025 | 5 May 2025 | 0.36 | 0.28 | -22.2% | 1.32B | 1.38B | +4.9% |
| Q4 FY2024 | 24 Feb 2025 | 0.38 | 0.23 | -39.5% | 1.28B | 1.34B | +4.5% |
| Q3 FY2024 | 4 Nov 2024 | 0.36 | 0.30 | -16.7% | 1.26B | 1.33B | +5.4% |
| Q2 FY2024 | 5 Aug 2024 | 0.36 | 0.29 | -19.4% | 1.25B | 1.34B | +7.4% |
| Q1 FY2024 | 6 May 2024 | 0.39 | 0.16 | -59.0% | 1.26B | 1.26B | +0.4% |
| Q4 FY2023 | 20 Feb 2024 | 0.32 | 0.30 | -6.3% | 1.02B | 1.08B | +5.2% |
Realty Income stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Realty Income's earnings keep growing at the 13.5% a year analysts expect to FY2028, it would earn about 2.19 a share in FY2030. At the P/E it has traded at over the last five years (40.9 to 54.5) that is 89.51 to 119.39 a share, or 102.43 at its average P/E of 46.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.53 | 62.70 | 71.74 | 83.63 |
| FY2027 | 1.68 | 68.64 | 78.54 | 91.55 |
| FY2028 | 1.70 | 69.48 | 79.51 | 92.67 |
| FY2029 (extrapolated) | 1.93 | 78.87 | 90.24 | 105.19 |
| FY2030 (extrapolated) | 2.19 | 89.51 | 102.43 | 119.39 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 13.5% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (40.9, 46.8, 54.5).
Is Realty Income stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Realty Income's P/E of 40.9 is near the bottom of its 5-year range (34.2 to 79.9, median 53.4). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 3.1 on expected growth against 102.5 on its median P/E and past five years' growth. At its usual P/E (53.4 × EPS of 1.45), Realty Income's fair value is 77.44; the price, 59.25, is 23.5% below it. Its forward P/E, on the consensus for FY2026, is 38.6.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (34.2 and 79.9). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 40.86
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 53.40
- Five-year P/E range
- 34.2 – 79.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 38.61
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 3.03
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +27.6%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.