Stifel analyst Simon Yarmak lowered the firm’s price target on Realty Income to $71 from $72.25 and keeps a Buy rating on the shares after hosting meetings with the company’s management. The company has the size and scale to enter many different verticals as well as allowing them to move quickly in putting together portfolio transactions, the analyst tells investors. Stifel expects Reality Income to enter newer verticals in the next couple of years that should deliver value for shareholders.
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