trending Market Intelligence /marketintelligence/en/news-insights/trending/qGRfDufO2QzHXwyxHh-hBw2 content esgSubNav
In This List

Mitsubishi UFJ Secs (USA) Inc. initiates coverage of Realty Income at 'neutral'

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Mitsubishi UFJ Secs (USA) Inc. initiates coverage of Realty Income at 'neutral'

Mitsubishi UFJ Securities (USA) Inc. analyst initiatedcoverage of Realty IncomeCorp. with a rating of "neutral," and a price target of$60.

The analyst wrote in a research report: "We areinitiating coverage of Realty Income (O) with a Neutral rating and a $60 pricetarget. O's predictable and diversified cash flows are attractive in a 'risk-off'environment, in our view. Also, we expect O's acquisitions, including potentialM&A, made at historically wide investment spreads to generate substantialNAV growth and earnings upside. That said, the stock's peak valuation fairlyreflects those advantages, in our view, and we foresee moderate multiple riskif the market returns to a 'risk-on' stance or if investments disappoint."