Mizuho Turns More Cautious on Realty Income (O) as Macro Risks Persist Mizuho's recent downgrade of Realty Income Corporation's (NYSE:O) price target from $68 to $66 is a stark reminder that even the most seemingly solid investments can be vulnerable to broader market trends.
The real estate investment trust (REIT) sector has long been a darling of dividend investors, thanks in part to Realty Income's consistent payout history and relatively high yield.
Despite CEO Sumit Roy's optimistic tone, citing strong momentum and impressive quarterly results, investors are right to be cautious.