Shares of Realty Income Corp O have lost 8.7 percent of value over the last five trading days. This, the Vetr crowd seems to believe, has capped the room for downside, as evidenced by its average price target of $61.16, which implies almost no downside from current prices around $61.60.
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Seeking to better reflect the limited downside potential, the Vetr community upgraded its rating on shares of Realty Income on Thursday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) – out of a possible 5 Stars rating.
Two things should be noted. First off, that the stock carries an annualized dividend yield of almost 4 percent. Secondly, pretty much in accordance with the new score, 50 percent of the crowd’s ratings are bullish at the time.
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