Analyst Ronald Kamdem of Morgan Stanley maintained a Hold rating on Realty Income (O – Research Report), retaining the price target of $62.00.
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Ronald Kamdem’s rating is based on a combination of factors that highlight both the strengths and challenges facing Realty Income. The company is seen as having an undervalued platform, boasting a significant portfolio and a strong balance sheet that allows it to capitalize on diverse opportunities across multiple countries. This capability positions Realty Income uniquely in the market, distinguishing it from traditional peers due to its extensive track record, growth potential, and advanced data analytics.
Despite these strengths, the Hold rating reflects a cautious approach. Realty Income has historically guided conservatively, and while there is potential for raising guidance, the current economic conditions, including tariff impacts, have been factored into their projections. The company’s ability to manage bad debt and leverage private capital opportunities are positive indicators, but the overall market conditions and valuation relative to peers suggest a balanced outlook, warranting a Hold recommendation.
In another report released on May 21, Barclays also maintained a Hold rating on the stock with a $58.00 price target.