Realty Income Falls Again; Next Week May Turn on Rates
Realty Income Corp. shares fell 1.36% to $61.12 Friday, closing the week down 1.3% as the 10-year Treasury yield climbed to 4.60%. The company declared its 671st consecutive monthly dividend at 27.05 cents a share, yielding about 5.3%. First-quarter AFFO rose 6.6% to $1.13 per share. Analyst targets ranged from $66 to $72 following updated guidance.