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Realty Income (O) Receives a Buy from Scotiabank

Tipranks - Tipranks - Thu Feb 26, 6:44AM CST

In a report released today, Greg McGinniss from Scotiabank maintained a Buy rating on Realty Income, with a price target of $67.00.

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McGinniss covers the Real Estate sector, focusing on stocks such as Lineage, Inc., W. P. Carey Inc., and Simon Property. According to TipRanks, McGinniss has an average return of 1.4% and a 53.16% success rate on recommended stocks.

In addition to Scotiabank, Realty Income also received a Buy from RBC Capital’s Brad Heffern in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Realty Income (NYSE: O).

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Based on Realty Income’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.47 billion and a net profit of $315.77 million. In comparison, last year the company earned a revenue of $1.33 billion and had a net profit of $269.49 million

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