Realty Income downgraded to Hold from Buy at Freedom Capital

Freedom Capital analyst Zhiger Kurmet downgraded Realty Income (O) to Hold from Buy with a price target of $69, up from $67. The shares are now trading close to the firm’s valuation estimate and offer limited upside from current levels, the analyst tells investors in a research note. Realty Income continues to deliver solid operational and financial performance, supported by strategic growth assets and new investment structures that enhance long-term potential, the firm says, adding that management noted that growth moderated in 2025, with contributions from new private capital initiatives expected to ramp over the next three to five years.