Information Provided By:
Fly News Breaks for December 12, 2019
Dec 12, 2019 | 06:24 EDT
Citi analyst Michael Bilerman upgraded Realty Income to Buy from Neutral with a price target of $87, up from $78. The analyst says the shares offer a way to play his positive outlook for retail net lease REITs into 2020. In the current environment, which remains favorable for continued spread investment, Realty Income's premium valuation is a cost-of-capital advantage to drive future cash flow growth through the ramping transaction pipeline, Bilerman tells investors in a research note.
News For O From the Last 2 Days
Nov 30, 2021 | 07:09 EST
Mizuho analyst Haendel St. Juste raised the firm's price target on Realty Income to $82 from $81 and keeps a Buy rating on the shares. Increased competition for assets, the macro environment, Senate reconciliation bill uncertainty and the omicron variant "suggests continued volatility and a range-bound opportunity near-term" for triple net real estate investment trusts, St. Juste tells investors in a research note.