Stifel analyst Simon Yarmak believes Realty Income was "wise" to lock in "attractive" equity at a time when heightened fears of a further spread of the coronavirus is pressuring equity markets. The estimated net proceeds of about $768.5M can be used to partially pay down the outstanding balance on its credit facility, said Yarmak, who notes that the deal was priced at a net 4.65% cap rate. The analyst, who thinks Realty Income should outperform as there could be a "flight to quality" in the current environment of heightened volatility, keeps a Buy rating and $84 price target on the shares.