Mizuho Turns More Cautious on Realty Income (O) as Macro Ris…

With an annual dividend yield of 5.22%, Realty Income Corporation (NYSE:O) is included among the 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows.

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On May 13, Mizuho lowered its price recommendation on Realty Income Corporation (NYSE:O) to $66 from $68. It reiterated a Neutral rating on the shares. The firm said it continues to see macroeconomic and interest rate uncertainty for triple-net real estate investment trusts.

President, CEO, and Director Sumit Roy said the company entered 2026 with strong momentum and posted AFFO per share of $1.13, up 6.6% from the same period last year. He added that the company invested nearly $2.8B during the quarter at an initial weighted average cash yield of 7.1%. That total included about $1B directed toward credit and structured investments.

Roy also tied the quarter’s results to the company’s expanding private capital strategy. He highlighted a $1.7B cornerstone capital raise for the Perpetual Life U.S. Core+ fund, along with a strategic partnership with GIC focused on construction financing and takeout commitments. He also pointed to $1B in equity funding from Apollo Global Management aimed at opportunities in the insurance and annuity market.

Realty Income Corporation (NYSE:O) is a real estate investment trust focused on acquiring, owning, and managing freestanding commercial properties leased under long-term net lease agreements. Its tenant base includes investment-grade, investment-grade-equivalent, and other operators across different industries.

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