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Realty Income (NYSE: O) stock has become a market enigma over the last few years. Now that the Federal Reserve is lowering interest rates, the stock could be due for a long-awaited recovery.
Realty Income's stock has already rallied more than 20% over the past 12 months in anticipation of more rate cuts. But at $60, it still looks cheap at 15 times last year's AFFO per share.
Data source: Realty Income. For the full year, Realty Income expects its occupancy rate to remain above 98% and for its AFFO per share to grow 4% to 5%, or $4.16 to $4.21.
Uncertainty about the macroeconomic outlook has left investors skittish about real estate investment trusts.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Realty Income wasn’t one of them. The 10 stocks that made the ...
The S&P 500 index (SNPINDEX: ^GSPC) offers a miserly 1.2% yield. Real estate investment trusts (REITs) can get you 3.8%, three times higher. And you can still do better if you buy Realty Income ...
The declining stock over the past year has boosted Realty Income's yield to 5.8%. Yields of the leading money market funds that were roughly even with the REIT a year ago are much lower now.
Over the past 20 years, Realty Income's stock has rallied 173%. That might not sound that impressive, but it generated a total return of 732% after including its reinvested dividends. That rally ...