Goldman Sachs Reinstates Realty Income (O) at Neutral

Goldman Sachs reinstates coverage on Realty Income (NYSE: O) with a Neutral rating and $46 price target after the closing of the American Realty Capital Trust acquisition.

Goldman sees earnings in line with the sector on low internal growth due to long leases, and limited impact from acquisitions due to a large earnings base. This is balanced by high EBITDARM coverage, and a diverse tenant base.

For an analyst ratings summary and ratings history on Realty Income click here. For more ratings news on Realty Income click here.

Shares of Realty Income closed at $44.46 yesterday.

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