Stifel Slightly Lowers Realty Income (O) Price Target, Maintains Buy Rating After Strong Q3 Results

Core Insights - Realty Income Corporation (NYSE:O) is recognized as one of the best stocks for Dividend Reinvestment Plans (DRIP) [1] - Stifel has slightly lowered its price target for Realty Income from $68 to $67.50 while maintaining a Buy rating after the company reported strong Q3 results [2] - The company reported an AFFO per share of $1.08 for Q3, exceeding estimates due to increased lease termination income [2] - Realty Income's revenue for the quarter was $1.47 billion, up from $1.33 billion year-over-year [3] - The company has raised its full-year 2025 AFFO per share outlook to between $4.25 and $4.27 and projected an investment volume of approximately $5.5 billion for the year [3] - Realty Income operates as one of the largest real estate investment trusts (REITs) globally, with a diversified portfolio across various sectors [4] - The company's net-lease model provides a steady and predictable stream of rental income [4]