Realty Income (O) Maintains Buy Rating Following Dual-Tranche Notes Issuance

Realty Income Corporation (NYSE:O) ranks among the best real estate stocks to invest in. Following the announcement of a dual-tranche senior notes issuance, Stifel reiterated a Buy rating for Realty Income Corporation (NYSE:O) with a price target of $68 on September 26. The company priced a $800 million senior unsecured note issuance in two equivalent tranches: $400 million of 3.95% senior unsecured notes maturing in 2029 and $400 million of 4.50% senior unsecured notes maturing in 2033.

Stifel analyst Simon Yarmak estimates that the 2029 notes have an effective yield to maturity of 4.143%, while the 2033 notes offer an effective yield to maturity of 4.685%.

Realty Income Corporation (NYSE:O) is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Spain, and the United Kingdom under NNN leases.

While we acknowledge the potential of O to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than O and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.