Stifel Maintains Buy Rating for Realty Income: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Realty Income O and lower its price target from $72.25 to $71.00.

Shares of Realty Income are trading up 1.17% over the last 24 hours, at $60.10 per share.

A move to $71.00 would account for a 18.14% increase from the current share price.

About Realty Income

Realty Income owns roughly 12,200 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.