Realty Income Corporation (NYSE:O) is included among the 15 Blue Chip Dividend Stocks to Build a Passive Income Porfolio.
Image by Steve Buissinne from Pixabay
On December 3, Barclays boosted its price target on Realty Income Corporation (NYSE:O) to $64 from $63 while keeping an Equal Weight rating. The firm updated its net lease forecasts following the company’s Q3 earnings and recent transaction announcements.
Realty Income Corporation (NYSE:O) has steadily transformed over the years. The company, which started off as a REIT focused on US retail properties under long-term net leases, has now grown into a more diversified platform. Its portfolio now consists of a wide range of investments, which has benefited its overall market opportunity.
Realty Income Corporation (NYSE:O) largely concentrated on retail and industrial properties in the US and the UK five years ago. Since then, it has entered seven additional European countries, added gaming assets, and data centers. In addition, the company also opened avenues in offering credit solutions such as real estate-backed loans and preferred equity.
These moves have brought diversification to its portfolio. Realty Income Corporation (NYSE:O) now owns over 15,500 properties leased to more than 1,600 clients across nine countries.
While we acknowledge the potential of O as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 High Quality Dividend Stocks for Long-Term Investors and 15 Dividend Stocks That Outperform the S&P 500
Disclosure: None.
