BUZZ-Deutsche Bank raises PT on Realty Income citing benefits from AI tool use
Reuters04-01
BUZZ-Deutsche Bank raises PT on Realty Income citing benefits from AI tool use
** Deutsche Bank raises PT on commercial real estate investment trust Realty Income CorpO.N to $70 from $69; reiterates "buy" rating
** New PT represents a 14.4% upside to stock's last close
** Brokerage says increased use of AI-driven predictive analytics tools to identify leases that are likely to end early allows landlords to proactively exit them, monetize remaining lease value and avoid surprise vacancies
** Adds early action enables faster re-leasing and asset repositioning, supporting sustained rental income growth and improving property valuations over time
** Median PT of 24 brokerages covering the stock is $68 - data compiled by LSEG
** As of last close, O up 8.5% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
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