Barclays Highlights Realty Revenue’s (O) Evolving Web-Lease Platform
Realty Revenue Company (NYSE:O) is included among the many 15 Blue Chip Dividend Shares to Construct a Passive Revenue Porfolio.
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On December 3, Barclays boosted its worth goal on Realty Revenue Company (NYSE:O) to $64 from $63 whereas holding an Equal Weight ranking. The agency up to date its internet lease forecasts following the corporate’s Q3 earnings and up to date transaction bulletins.
Realty Revenue Company (NYSE:O) has steadily reworked through the years. The corporate, which began off as a REIT targeted on US retail properties underneath long-term internet leases, has now grown right into a extra diversified platform. Its portfolio now consists of a variety of investments, which has benefited its total market alternative.
Realty Revenue Company (NYSE:O) largely focused on retail and industrial properties within the US and the UK 5 years in the past. Since then, it has entered seven extra European nations, added gaming belongings, and knowledge facilities. As well as, the corporate additionally opened avenues in providing credit score options comparable to actual estate-backed loans and most well-liked fairness.
These strikes have introduced diversification to its portfolio. Realty Revenue Company (NYSE:O) now owns over 15,500 properties leased to greater than 1,600 purchasers throughout 9 nations.
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