1 Growth Stock Down 35% to Buy Right Now
Not every stock has soared in the latest bull market. Consider Realty Income (NYSE: O), which has seen its shares fall by almost 35% from their 2019 high. A combination of pandemic-related closures and rising interest rates have weighed on the real estate investment trust (REIT).
Nonetheless, Realty Income's business and dividend have grown amid the struggle. Considering the REIT's property portfolio and diverse client base, the stock sells at a discount that should draw investors, especially those focused on Income.
Realty Income owns approximately 15,500 single-tenant properties in the U.S. and seven European countries. It rents them to tenants as a net lease, meaning the tenants cover the taxes, insurance, and maintenance costs on its properties.
Source Fool.com
