Scotiabank lowered the firm’s price target on Realty Income (O) to $59 from $61 and keeps a Sector Perform rating on the shares. The firm updates its analysis of Net Lease REIT equity raise requirements, investment spreads, and potential investment-driven annual adjusted funds from operation per share accretion, the analyst tells investors. Overall, the firm is positive on Q4 acquisitions/accretion, but cautious on 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on O:
- Realty Income price target lowered to $66.50 from $70 at Stifel
- Realty Income price target lowered to $54 from $60 at Mizuho
- Tesla reports below-consensus deliveries: Morning Buzz
- Realty Income price target lowered to $64 from $68 at Jefferies
- Barclays starts Realty Income at Equal Weight, calls total returns ‘lackluster’