Realty Income: Buy, Sell, or Hold?
Realty Income (NYSE: O), a real estate investment trust (REIT), has been in existence for 55 years. It currently generates rental income from almost 15,500 properties.
REITs date back to 1960 when Congress passed legislation establishing them. These publicly traded stocks provided a way for small investors, particularly those looking for dividend income, to invest in real estate. That's because REITs have to pay out at least 90% of their taxable income as dividends.
However, investors can choose from many different REITs investing in various property types and mortgages. Is Realty Income a buying opportunity or should you sell your shares and buy a better one?
Source Fool.com
