Wells Fargo cuts target to USD 59 for Realty Income stock

Published on 10/20/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Realty Income declared USD 0.2715 per share on October 13, 2026. Realty Income stock trades at EUR 49.90 on October 20, 2026.

Income stock checkpoints

Wells Fargo lowered its Realty Income target from USD 64 to USD 59 on October 19, 2026.
Second-quarter revenue reached USD 1.55 billion, up 9.7 percent year over year.
Realty Income stock trades at EUR 49.90 at 11:40 a.m. CEST at Lang & Schwarz on October 20, 2026.

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Realty Income (ISIN US7561091049) faces a lower Wells Fargo target of USD 59, cut from USD 64 on October 19, 2026, according to Benzinga. The revision puts analyst valuation alongside a fresh euro indication of EUR 49.90 at Lang & Schwarz on October 20, 2026.

Target cut sharpens valuation debate

Wells Fargo kept an Equal Weight rating while reducing its target from USD 64 to USD 59, giving the latest analyst action a cautious tone. MarketScreener also listed recent target changes from BMO Capital and Wells Fargo, including BMO's move from USD 66 to USD 61.

What does the latest quarter show?

Realty Income reported USD 1.55 billion of revenue for the second quarter of 2026, up 9.7 percent from the prior-year quarter, while adjusted funds from operations reached USD 1.09 per share, 3.8 percent higher year over year, according to Zacks. Management also raised 2026 adjusted funds from operations guidance to USD 4.44-4.45 per share from USD 4.41-4.44.

Three dated milestones

On August 5, 2026, Realty Income reported second-quarter revenue of USD 1.55 billion. On October 13, 2026, it declared its 676th consecutive monthly dividend of USD 0.2715 per share. On October 19, 2026, Wells Fargo lowered its target from USD 64 to USD 59.

Dates ahead for income investors

The next ex-dividend date is October 30, 2026, and the next quarterly report is scheduled for November 2, 2026, according to Simply Wall St. The October dividend is payable on November 13, 2026, to stockholders of record on October 30, 2026, according to Realty Income.

Stock indication and business scale

Realty Income operates as a retail-focused real estate investment trust and is listed on the NYSE under ticker O. Its market capitalization was USD 52.5 billion as of October 19, 2026, while the latest primary-market quote was USD 55.51 at 4:00 p.m. ET on that date.

Euro quote at midday

Realty Income was trading intraday at EUR 49.90 at Lang & Schwarz on October 20, 2026, at 11:40 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Realty Income stock.