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Evercore ISI has updated its price target for Realty Income Corporation, raising it from $64 to $65.
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As concerns grow about an AI bubble bursting and a potential bear market, the author maintains a conservative investment strategy focused on reliable dividend-paying stocks in defensive sectors like utilities, consumer staples, and REITs rather than making emotional portfolio shifts. The author emphasizes staying true to long-term investing principles and avoiding short-term market excesses.
Realty Income (O) has declared its 676th consecutive monthly dividend, maintaining over 56 years of uninterrupted payments with 116 consecutive quarterly increases. A $10,000 investment would yield approximately $573 annually at the current 5.71% dividend yield. The REIT owns 15,600 properties with 98.8% occupancy and major tenants like Walmart and Home Depot. Despite stock being flat this year due to interest rate concerns, the elevated yield reflects market confidence in its resilience.
Realty Income (O), a REIT known for monthly dividend payments, offers a 5.7% annual dividend yield—over five times higher than the S&P 500 average. A $10,000 investment would purchase approximately 176 shares, generating about $48 monthly or $573 annually in dividend income. The company has raised dividends for 32 consecutive years since going public in 1994.