{"id":42343,"date":"2023-11-07T08:09:40","date_gmt":"2023-11-07T08:09:40","guid":{"rendered":"https:\/?p=42343"},"modified":"2023-11-07T08:09:40","modified_gmt":"2023-11-07T08:09:40","slug":"realty-income-stock-a-buy-for-q4-2023-after-q3-beat","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/realty-income-stock-a-buy-for-q4-2023-after-q3-beat\/","title":{"rendered":"Realty Income Stock: A Buy for Q4 2023 After Q3 Beat?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Realty Income Stock (<a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/O\">O:NYE<\/a>) is a commercial real estate investment trust (REIT) that owns and operates over 11,000 properties in the United States and Canada. The company&#8217;s tenants are primarily retail businesses but also include other industries such as office, industrial, and healthcare.<br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Realty Income raised its annual outlook for adjusted funds from operations (AFFO) on higher rental revenue. The company now expects AFFO per share to be between $3.98 and $4.01, up from its previous outlook of $3.96 to $4.01.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/O\" target=\"_blank\" rel=\"noopener\">O Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"O\" data-theme=\"wt_bg_trans\" data-uid=\"4828588096549e109e0a786549e109e0a79\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<p><!-- STA Widget END --><\/p>\n<p><!-- STA Widget END --><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The increase in outlook is due to higher rental revenue from the company&#8217;s existing portfolio, as well as from the recent acquisition of Spirit Realty Capital. <\/span><span style=\"font-weight: 400;\">Realty Income expects to acquire Spirit Realty Capital in a $9.3 billion deal that is expected to close in the fourth quarter of 2023.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Realty Income Stock Q3 Key Takeaways:<\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">Realty Income Stock raised its annual AFFO outlook on higher rental revenue.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The company now expects AFFO per share to be between $3.98 and $4.01, up from its previous outlook of $3.96 to $4.01.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The increase in outlook is due to higher rental revenue from the company&#8217;s existing portfolio, as well as from the recent acquisition of Spirit Realty Capital.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It expects to acquire Spirit Realty Capital in a $9.3 billion deal that is expected to close in the fourth quarter of 2023.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The acquisition of Spirit Realty Capital is expected to boost Realty Income Stock&#8217;s AFFO per share by $0.04 to $0.06 in 2023.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Conclusion:<\/h2>\n<p><span style=\"font-weight: 400;\">Realty Income Stock is a well-established REIT with a long history of dividend growth. The company has a diversified portfolio of properties and is expected to benefit from the acquisition of Spirit Realty Capital. Investors who are looking for a reliable source of income and potential for capital appreciation should consider adding Realty Income Stock to their portfolio.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Realty Income Stock (O:NYE) is a commercial real estate investment trust (REIT) that owns and operates over 11,000 properties in the United States and Canada&#8230;.<\/p>\n","protected":false},"author":17,"featured_media":42351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Realty Income Stock: A Buy for Q4 2023 After Q3 Beat?<\/title>\n<meta name=\"description\" content=\"Realty Income Stock beats Q3 expectations and raises outlook! 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