Freedom Broker Upgrades Realty Income (O) to Buy After Strong Q1 AFFO Beat
Key takeaways
- On May 11, Freedom Broker analyst Zhiger Kurmet upgraded Realty Income Corporation (NYSE:O) to Buy from Hold and assigned a $69 price target.
- During the Q1 2026 earnings call, President, CEO & Director Sumit Roy said the company entered 2026 with solid momentum and posted AFFO per share of $1.13, up 6.6% from the same period last year.
- Roy also connected the quarter’s results to the company’s expanding private capital strategy.
Freedom Broker Upgrades Realty Income (O) to Buy After Strong Q1 AFFO Beat Vardah Gill Tue, May 26, 2026 at 8:44 PM GMT+7 2 min read O Realty Income Corporation (NYSE:O) is included among the Dividend Stock Portfolio For Retirement: Top 12 Stock Picks.
On May 11, Freedom Broker analyst Zhiger Kurmet upgraded Realty Income Corporation (NYSE:O) to Buy from Hold and assigned a $69 price target. The analyst said Q1 AFFO of $1.13 per share came in above both the firm’s estimates and consensus expectations. The upgrade was made “on a tactical basis,” with the firm pointing to better near-term upside potential for the shares.
During the Q1 2026 earnings call, President, CEO & Director Sumit Roy said the company entered 2026 with solid momentum and posted AFFO per share of $1.13, up 6.6% from the same period last year. He added that Realty Income invested nearly $2.8 billion during the quarter at an initial weighted average cash yield of 7.1%. That included around $1 billion directed toward credit and structured investments.