Mizuho analyst Haendel St. Juste lowered the firm’s price target on Realty Income to $61 from $65 and keeps a Neutral rating on the shares. The analyst expects transaction activity to remain elevated as tenant operators continue to pursue sale-leasebacks for capital and sellers adjust to market expectations. The firm continues to favor triple net real estate investment trusts with low leverage, ample liquidity, and wider investment spreads.
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