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Realty Income Sees Revenue Surge and Increases Its Dividend. Is It Time to Buy This 5.6% Yielding Stock?

TheMotleyFool

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Realty Income Sees Revenue Surge and Increases Its Dividend. Is It Time to Buy This 5.6% Yielding Stock?: https://g.foolcdn.com/editorial/images/776209/gettyimages-1385902801.jpg

Realty Income (NYSE: O) shares have struggled over the past year -- they're down over 10%. However, the real estate investment trust (REIT) pays an attractive monthly dividend and just turned in solid first-quarter results.

Let's take a look at its most recent quarterly report, the safety of its dividend, and whether now is the time to buy the stock.

Realty Income saw its first-quarter revenue surge 33% to $1.26 billion, helped by its acquisition of Spirit Realty in January. Same-store rental revenue grew 0.8% in the quarter, while its occupancy rate was 98.6%.

Source Fool.com

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