BTIG Sticks to Its Hold Rating for Realty Income (O)

In a report issued on July 11, Michael Gorman from BTIG maintained a Hold rating on Realty Income (OResearch Report). The company’s shares closed last Thursday at $70.58.

According to TipRanks.com, Gorman is a 4-star analyst with an average return of 7.7% and a 56.6% success rate. Gorman covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Alpine Income Property Trust Inc, and Retail Opportunity Investments.

Currently, the analyst consensus on Realty Income is a Moderate Buy with an average price target of $75.27, a 7.5% upside from current levels. In a report issued on July 7, J.P. Morgan also maintained a Hold rating on the stock with a $70.00 price target.

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The company has a one-year high of $75.40 and a one-year low of $62.29. Currently, Realty Income has an average volume of 3.76M.

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. It operates through Rental segment. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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