NASDAQ · STOCK
Realty Income Corporation
$63.88
52W $55.86 – $67.94
52/100
$59.56B
52.4
0.73
Is O Bullish or Bearish?
Mixed.
Innellis AI committee rates Realty Income Corporation (O) Watch with a composite score of 52/100
, based on 6 analysts with 100% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.19 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 — -11.81 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 sees neither a compelling opportunity nor a clear risk at this stage. Conditions remain neutral — patience is warranted.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- Dividend yield of 5.0% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 53.3 is expensive by classic value standards — Value
- ROE of only 2.9% -- cheap may mean cheap for a reason — Value
- 4 consecutive earnings misses -- execution concerns — Growth
- MACD histogram negative -- bearish momentum — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — 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 July 31, 2026
Overall Committee Score
52/100
Agreement
100%
Analysts
6
Conviction
Unanimous
Sector Rank
Top 67%
of 61 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 53.3 is expensive by classic value standards
Growth Analyst
neutral
48
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− 4 consecutive earnings misses -- execution concerns
Technical Analyst
neutral
57
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 54.1 to 51.8.
- Conviction changed from moderate to unanimous.
- Committee agreement increased sharply from 67% to 100%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: stance bullish->neutral; score 63->57 (-6); +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
38.4
Neutral
MACD Histogram
-0.140
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Support
$59.85
Resistance
$64.77
Bollinger %B
0.34
Inside Bands
Price vs Moving Averages
EMA 9
$64.82
Below
EMA 21
$64.35
Below
EMA 50
$63.47
Above
EMA 200
$61.67
Above
Fundamental Analysis
Valuation
33
Growth
40
Profitability
0
Financial Health
43
Cash Flow
37
Valuation
P/E Ratio
52.4×
P/B Ratio
1.48×
PEG Ratio
5.28
Dividend Yield
0.05%
52W High
$67.94
52W Low
$55.86
Quality & Growth
ROE
2.7%
ROA
1.5%
Gross Margin
68.6%
Operating Margin
29.3%
Revenue Growth YoY
—
Debt / Equity
0.77
AI Fundamental Assessment
P/E ratio of 52.4 (rich relative to a 15-40x range); Price-to-book of 1.5x; PEG ratio of 5.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.0%; Return on assets of 0.0%; Net margin of 0.2%; Gross margin of 0.7%; Current ratio of 0.40 (tight short-term liquidity); Debt-to-equity of 0.77; Free cash flow margin of 1.0% (thin cash generation); Free cash flow per share is positive (4.48); Most recent quarter missed estimates by 19.8%; 4 consecutive earnings misses; EPS growth accelerating (-8.6% -> +3.1% QoQ); Analyst estimates rising over recent quarters
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