Realty Income initiated with a Hold at Deutsche Bank

Deutsche Bank initiated coverage of Realty Income (O) with a Hold rating and $62 price target The firm started coverage of the triple net real estate investment trust sector with four names. It has a neutral view of the sector as a whole, saying interest rates will likely remain a headwind for the group. That said, the acquisition outlook is constructive as levered players have had to pull back on transaction activity – creating opportunity for the REITs, the analyst tells investors in a research note.