Debt Moves Stir Mixed Analyst Views on Realty Income Corporation

Realty Income Corporation (NYSE:O) is one of the 12 Best REIT Stocks to Buy Right Now.

Analysts’ opinions are mixed following the closing of €1.3 billion Notes Offering and amendments to its existing term loan agreements.

Based in California, Realty Income Corporation (NYSE:O) is a REIT that focuses on acquiring and managing freestanding, single-tenant commercial properties under long-term net lease agreements. The company primarily leases properties to retail clients, including famous business establishments like Walmart, 7-Eleven, and Walgreens. In addition to retail, the company also has properties for industrial, commercial, and agricultural uses.

Realty Income Corporation (NYSE:O) holds a significant track record of having declared 661 consecutive monthly dividends and earning a place as an S&P 500 Dividend Aristocrat, with 30 consecutive years of dividend increases. On June 20, 2025, the company successfully closed its €1.3 billion Notes Offering, inclusive of €650 million in 3.375% Notes due 2031 and another €650 million in 3.875% Notes due 2035.

On June 23, 2025, the company also announced amendments to its existing term loan agreements, which involve a $300 million term loan due in 2025 and a $500 million term loan due in 2027. The closing of the Notes Offering and the new update on the existing loan agreement are anticipated to impact the company’s financial strategy.

With these developments, the stock’s rating was downgraded from Outperform to Peer Perform by Wolfe Research in July, while Barclays continues to maintain its Hold rating, thus providing mixed analyst sentiments. Institutional interest in Realty Income Corporation (NYSE:O) stands moderate with 32 hedge funds holding stakes.

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