Realty Income Corporation ( NYSE:O – Get Free Report )’s share price dropped 1.8% on Wednesday. The company traded as low as $55.28 and last traded at $55.3050. 9,805,815 shares traded hands during trading, an increase of 53% from the average session volume of 6,427,153 shares. The stock had previously closed at $56.34.
Wall Street Analyst Weigh In Several research analysts have weighed in on O shares. Robert W. Baird lifted their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Scotiabank cut Realty Income from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $67.00 to $59.00 in a research note on Wednesday, September 23rd. Truist Financial raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Mizuho set a $187.00 price objective on shares of Realty Income in a research report on Monday. Finally, Weiss Ratings lowered shares of Realty Income from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Strong Bu...