Analysts set a $81.85 price target for Realty Income after Q1 AFFO growth and raised 2026 investment guidance to $9.5 billion.
Realty Income (NYSE: O) received a high-conviction buy rating with a $81.85 price target, suggesting 32% upside from its $62.17 close on June 16, 2026. The call follows a 7% year-over-year increase in Q1 adjusted funds from operations (AFFO) and raised 2026 investment volume guidance to $9.5 billion.
The company reported Q1 AFFO per share of $1.13, up 6.6% year over year, with revenue reaching $1.548 billion. Portfolio occupancy remained strong at 98.9%, and management lifted AFFO guidance to a range of $4.41 to $4.44. Shares have risen 12.68% year to date, trading near a 52-week high of $67.05.
Realty Income also maintained its streak of 114 consecutive quarterly dividend increases, reinforcing its appeal as a dividend-focused investment. The updated guidance reflects a 7.1% initial cash yield on new investments, signaling confidence in capital deployment.