This Hot REIT Stock Still Has 20% Upside, According to 1 Wall Street Analyst
One real estate investment trust (REIT) stock is gaining attention on Wall Street. That may be because it has soared nearly 20% since the end of October. Yet one Wall Street analyst thinks Realty Income (NYSE: O) shares could have another 20% left to run.
Shares of the REIT are rebounding from a decline earlier this fall that brought the stock to its lowest level in nearly four years. But Realty Income subsequently announced two investments that helped spur Wolfe Research analyst Andrew Rosivach to upgrade the stock last week to a price target of $66 per share. That represents a 20% gain from the recent price. Additionally, Exane BNP Paribas analyst Nate Crossett also just upgraded Realty Income and put a $63 price target on the stock.
Source Fool.com
