Realty Income (O) Gets a Buy Rating from Morgan Stanley

In a report released today, Ronald Kamdem from Morgan Stanley maintained a Buy rating on Realty Income (OResearch Report), with a price target of $77.00. The company’s shares closed last Thursday at $68.67.

According to TipRanks.com, Kamdem is ranked 0 out of 5 stars with an average return of -11.4% and a 42.9% success rate. Kamdem covers the Financial sector, focusing on stocks such as National Storage Affiliates, Extra Space Storage, and Paramount Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Realty Income with a $74.29 average price target, representing a 7.5% upside. In a report issued on May 18, Berenberg Bank also maintained a Buy rating on the stock with a $74.00 price target.

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The company has a one-year high of $75.40 and a one-year low of $62.74. Currently, Realty Income has an average volume of 3.93M.

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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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