Realty Income CorpOBUY ON WEAKNESSNov 13, 2024Stock price when the opinion was issued
As of Jun 08, 2026. Market Open.
Pays a 5.7% dividend yield, paid monthly; dividend has been raised four times this year. They own over 15,000 commercial properties, mostly leased to retail industrial. Shares haven't done much and fell recently after the companies tightened their full-year forecast. Occupancy rate is 98.7% in Q3, so they're not struggling. Most tenants are grocers and selling other necessities, so safe.
A dividend aristocrat, it pays a reliable 5% dividend yield. The stock would be more enticing if long rates were going up, not down. Shares rallied 20% in Q3 during the first rate cut, but has been crushed ever since, despite raising guidance.