Realty Income Corp.'s stock experienced a significant plummet of 5.16% in intraday trading on Tuesday, following a series of analyst downgrades and cautious outlooks from various research firms.
BNP Paribas Exane downgraded Realty Income to Neutral from Outperform, citing concerns and adjusting its price target to $61 from $66. This downgrade, along with a Hold rating from Wells Fargo and Morgan Stanley, suggests analysts are taking a more conservative stance on the company's prospects.
Analysts have raised concerns about yield compression and increasing expenses, which could impact Realty Income's profitability and growth trajectory. Despite its position as a leading real estate investment trust (REIT), the company faces challenges in navigating the current market environment.