O
Realty Income Corporation Real Estate - Retail REITs Investor Relations →
Realty Income Corporation (O) closed at $60.95 as of 2026-03-20, trading 14.6% above its 200-week moving average of $53.20. The stock is currently moving closer to the line, down from 21.2% last week. The 14-week RSI sits at 60, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.86 ratio) is neutral — neither side is clearly dominating.
Over the past 1591 weeks of data, O has crossed below its 200-week moving average 20 times. On average, these episodes lasted 6 weeks. Historically, investors who bought O at the start of these episodes saw an average one-year return of +27.9%.
With a market cap of $57.0 billion, O is a large-cap stock. The company generates a free cash flow yield of 4.7%. Return on equity stands at 2.7%. The stock trades at 1.4x book value.
O is a Dividend Aristocrat, having increased its dividend for 25 or more consecutive years. The current yield is 530.00%. Share count has increased 41.4% over three years, indicating dilution.
Over the past 30.6 years, a hypothetical investment of $100 in O would have grown to $3697, compared to $1894 for the S&P 500. That represents an annualized return of 12.5% vs 10.1% for the index — confirming O as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 15.9% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: O vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After O Crosses Below the Line?
Across 20 historical episodes, buying O when it crossed below its 200-week moving average produced an average return of +26.6% after 12 months (median +33.0%), compared to +15.6% for the S&P 500 over the same periods. 80% of those episodes were profitable after one year. After 24 months, the average return was +47.5% vs +29.8% for the index.
Each line shows $100 invested at the moment O crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
O has crossed below its 200-week MA 20 times with an average 1-year return of +27.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1999 | Jan 2000 | 1 | 0.6% | +32.9% | +2540.0% |
| Mar 2000 | Apr 2000 | 2 | 6.6% | +51.1% | +2657.5% |
| Jan 2008 | Jan 2008 | 1 | 2.3% | +2.9% | +633.1% |
| Oct 2008 | Dec 2008 | 8 | 22.2% | +22.6% | +622.4% |
| Jan 2009 | Apr 2009 | 13 | 30.8% | +46.0% | +624.5% |
| Apr 2009 | May 2009 | 4 | 6.2% | +66.5% | +581.3% |
| Jun 2009 | Jul 2009 | 2 | 4.5% | +52.1% | +567.3% |
| Feb 2018 | Feb 2018 | 1 | 1.4% | +50.2% | +89.5% |
| Feb 2018 | Mar 2018 | 1 | 0.2% | +45.7% | +86.4% |
| Mar 2018 | Mar 2018 | 1 | 1.0% | +54.0% | +87.0% |
| Apr 2018 | Apr 2018 | 1 | 0.7% | +44.6% | +85.5% |
| Mar 2020 | Jun 2020 | 11 | 25.1% | +36.6% | +79.1% |
| Jul 2020 | Jul 2020 | 1 | 0.3% | +26.4% | +46.6% |
| Sep 2022 | Oct 2022 | 4 | 8.3% | -9.9% | +26.7% |
| May 2023 | Jun 2023 | 2 | 2.2% | -5.9% | +21.7% |
| Jun 2023 | Jun 2023 | 1 | 1.6% | -4.2% | +21.0% |
| Jul 2023 | Dec 2023 | 21 | 15.6% | +6.1% | +19.5% |
| Jan 2024 | Jul 2024 | 26 | 8.4% | +2.2% | +21.7% |
| Dec 2024 | Feb 2025 | 11 | 7.5% | +10.7% | +16.9% |
| Mar 2025 | Apr 2025 | 1 | 0.6% | N/A | +16.8% |
| Average | 6 | — | +27.9% | — |
Frequently Asked Questions
Is O below its 200-week moving average?
No. Realty Income Corporation (O) is currently 14.6% above its 200-week moving average of $53.20. It would need to fall to $53.20 to cross below the line.
What is O's 200-week moving average price?
Realty Income Corporation's 200-week moving average is $53.20 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when O drops below its 200-week moving average?
O has crossed below its 200-week moving average 20 times in our data. On average, buying at that moment produced a one-year return of +27.9%. These dips have historically been decent entry points. These episodes lasted 6 weeks on average.
Is O a good value right now?
Here's what our data says about O as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 60. Free cash flow yield is 4.7%. Return on equity is 2.7%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does O compare to the S&P 500?
Over the past 30.6 years, $100 invested in O would have grown to $3697, compared to $1894 for the S&P 500. That's 12.5% annualized vs 10.1% for the index. O has outperformed the broader market over this period.
Does O pay a dividend?
Yes. Realty Income Corporation currently pays a dividend yield of 530.00%. It is also a Dividend Aristocrat, meaning it has raised its dividend for 25 or more consecutive years.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20