Realty Income Corporation (NYSE:O) is included among the 15 Top Dividend Stocks to Build a Passive Income Portfolio.
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On December 3, Barclays raised its price target on Realty Income Corporation (NYSE:O) to $64 from $63, while maintaining an equal-weight rating. The firm updated its net lease forecasts following the company’s third-quarter earnings and recent transaction announcements.
Realty Income Corporation (NYSE:O) has constantly transformed itself over the years. The company, which began 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) focused heavily on commercial and industrial properties in the US and UK five years ago. Since then, it has entered seven more European countries, adding gaming assets and data centers. In addition, the company also opened avenues to offer credit solutions, such as real estate-backed loans and preferred stocks.
These moves have brought diversification to your portfolio. Realty Income Corporation (NYSE:O) now owns more than 15,500 properties leased to more than 1,600 clients in nine countries.
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