1 Wall Street Analyst Thinks Realty Income Stock Is Going to $59. Is It a Buy?
ORealty Income(O) The Motley Fool·2024-05-15 19:36

Realty Income shares have bounced off 2024 lows, but one Wall Street analyst sees more to come. Mizuho analyst Vikram Malhotra revisited his rating on Realty Income (O -0.16%) last week, maintaining a buy rating on the stock and boosting the retail real estate investment trust (REIT)'s price target from 56to56 to 59 per share. Many investors have steered away from REIT stocks in recent months. That makes sense on the surface as high dividend yields have competition from similarly high yields offered by online ...