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Fly News Breaks for January 7, 2020
Jan 7, 2020 | 08:25 EDT
As previously reported, Raymond James analyst Collin Mings upgraded Realty Income (O) to Outperform from Market Perform with a $79 price target and downgraded Retail Opportunity Investments (ROIC) to Outperform from Strong Buy with a $19 price target as part of his broader 2020 REIT outlook note. He sees Realty Income positioned for a notable acceleration in AFFO per share growth in 2020 given that it has now established a presence in Europe and its investment spreads remain very attractive. On Retail Opportunity Investments, Mings has growing concerns that the company's cost of equity capital remains a constraint on its ability to reduce leverage and/or execute on accretive opportunities.
News For O;ROIC From the Last 2 Days
May 23, 2022 | 06:33 EDT
Wolfe Research analyst Andrew Rosivach downgraded Realty Income to Peer Perform from Outperform with a $73 price target, citing valuation as well as sector wide headwinds that include a lack of repricing power in a high inflationary environment owing to long term leases and pressure on investment spreads as acquisition cap rates stick. The stock has significantly outperformed peers since mid-March, but its valuations does not seem to have priced in the headwinds noted, Rosivach tells investors.