Why Realty Income Stock Was Falling Today
Shares of Realty Income (NYSE: O) were heading lower Wednesday in response to rising Treasury yields, which signaled that investors think that interest rates could go up in the Trump administration, or at least remain elevated. That condition would present two challenges for the real estate investment trust (REIT).
As of 1:43 p.m. ET, the stock was down by 3.8%, in line with a broader decline in real estate stocks. The Real Estate Select Sector SPDR Fund (NYSEMKT: XLRE) was down by 3.4% at the same time, while the S 500 was up by more than 2%.
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Source Fool.com
