Freedom Capital Downgrades Realty Income (O), Says Upside Appears Limited at Current Levels

Realty Income Corporation (NYSE:O) is included among the 15 Best High Dividend Stocks to Invest in Under $100.

On March 2, Zhiger Kurmet of Freedom Capital downgraded Realty Income Corporation (NYSE:O) to Hold from Buy. The analyst raised the price target on the stock to $69 from $67. The analyst told investors in a research note that the shares are now trading close to the firm’s valuation estimate. At current levels, the stock offers limited upside.

Even so, the firm said Realty Income continues to post solid operational and financial results. Performance remains supported by strategic growth assets and newer investment structures designed to strengthen long-term potential. Management also noted that growth slowed during 2025. At the same time, the company expects contributions from new private capital initiatives to build gradually over the next three to five years.

Realty Income Corporation (NYSE:O) operates as a real estate investment trust. The company focuses on acquiring and managing freestanding commercial properties that generate rental income through long-term net lease agreements with commercial tenants.