Realty Income Just Boosted Guidance. Is This a Golden Opportunity to Buy This 6% Yielding Stock?
Realty Income (NYSE: O) has long been a favorite among income-focused investors given its attractive yield and monthly dividend payout.
Nonetheless, the real estate investment trust (REIT) has had a tough several years, with its stock price down about 20% over the past five years. However, the company just increased its guidance for the year, perhaps indicating brighter days could be ahead.
Let's look at why the stock has struggled, and if the increased forecast could be a sign of better days ahead for the REIT.
Source Fool.com