Realty Income (O -0.77%) is the gold standard when it comes to REITs. Well known for its monthly dividend, the company calls itself “The Monthly Dividend Company.” With the REIT down 20% year to date, is it a buy or is more downside pressure coming? The REIT recently acquired Spirit Realty (SRC -0.80%) in a $9.3 billion all-stock deal, resulting in a 9% sell-off after the announcement.
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*Stock prices used were end-of-day prices of Nov. 2, 2023. The video was published on Nov. 3, 2023.
Mark Roussin, CPA has positions in Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool has a disclosure policy.
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