Realty Income: Buy, Sell, or Hold?
Shares of Realty Income (NYSE: O) are trading near 52-week highs, up roughly 30% from their 52-week lows in late 2023. The investment equation here isn't as attractive as it was, but is it still attractive enough for investors to buy the stock? Is it time to take profits and move on? Or should investors sit tight and hold this industry-leading net lease real estate investment trust (REIT)?
If you bought Realty Income with the intent of riding a bounce in the stock, you might be sitting on sizable gains. Indeed, a 30% price increase in less than a year is a very big move, particularly for a REIT that's basically known for running a boring and consistent business. The stock remains around 25% below its pre-pandemic peak. And it is still around 20% below its highs in 2022. So there is still reason to believe there's more upside here.
Image source: Getty Images.
Source Fool.com
