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Added to YB: 2024-05-29

Pitch date: 2024-04-12

O [bullish]

Realty Income Corporation

+36.78%

current return

Author Info

No bio for this author

Company Info

Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies.

Market Cap

$58.9B

Pitch Price

$46.02

Price Target

N/A

Dividend

5.21%

EV/EBITDA

17.17

P/E

45.60

EV/Sales

15.17

Sector

Retail REITs

Category

dividend

Show full summary:
Parnassus Core Equity Fund New Position: Realty Income Corporation

O: Realty Income added at attractive valuation post repricing in higher rate environment. Resilient in pandemic, offers strong dividend yield & lower rate defense. Desirable entry point with REITs hit by rising rates. Self-funded development levels, but compelling LT growth prospects.

Read full article (1 min)