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Realty Income Is a Disaster. Is the REIT a Buy, Sell, or Hold?

TheMotleyFool

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Realty Income Is a Disaster. Is the REIT a Buy, Sell, or Hold?: https://g.foolcdn.com/editorial/images/753907/gettyimages-1357648499.jpg

Realty Income (NYSE: O) 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 (NYSE: SRC) 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.

Source Fool.com

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