San Diego, California-based Realty Income Corporation (O) engages in the acquisition and management of freestanding commercial properties that reap rental revenue under long-term net lease agreements. With a market cap of $50.6 billion, the company is a real estate partner to the world's leading companies.

Companies worth $10 billion or more are typically referred to as "large-cap stocks." O fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the retail REIT industry. The company benefits from having a portfolio of over 15,600 properties in all 50 U.S. states, the U.K., and six other countries in Europe.

However, the stock has retreated 12.4% from its 52-week high of $64.88 touched on Oct. 21, 2024. Shares of O have declined 2.9% over the past three months, underperforming the broader Nasdaq Composite’s ($NASX) 7.7% rise over the same time frame.

Shares of O have risen 6.6% over the past 52 weeks, trailing $NASX’s 14.4% returns over the same time frame. However, O stock is up 6.4% on a YTD basis, outperforming $NASX’s 1.5% uptick. 

O has been trading below its 200-day moving average since late April and has edged above its 50-day moving average since the last trading session.

O shares declined marginally following the release of its Q1 earnings on May 5. The company’s total revenues rose 9.5% year-over-year to $1.4 billion and surpassed the Street’s estimates. Moreover, its same-store rental revenues of $1.15 billion witnessed a rise of 1.3% from the prior-year period. O’s AFFO per share for the quarter came in at $1.06 and matched the consensus estimates.

Its rival, Simon Property Group, Inc. (SPG), has declined 6.9% in 2025 but has surged 5.7% over the past year, still underperforming the stock.

Analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 23 analysts covering it, and the mean price target of $60.92 implies a premium of 7.2% from the current market prices.