Is Realty Income, My Largest Holding, in Trouble?

When it comes to monthly dividend paying stocks, easily one of the most popular has to be Realty Income, ticker symbol O. The long-term performance of this stock has been undisputedly impressive among both REITs and dividend stocks. This dividend aristocrat has been able to grow its dividends every year for the last 29 years and has even experienced 103 consecutive quarterly increases. Since their founding more than 50 years ago, they’ve become the fourth largest global REIT with an enterprise value of over $62 billion U.S. dollars. Roughly $7.6 billion is held in European properties, which the company has been expanding further into in recent years.

But given the performance of Realty Income post-pandemic, a lot of investors have been questioning if Realty Income is still worthy of all the hype that’s traditionally surrounded this REIT. People have been wondering if the company is facing more issues than just high interest rates. For one, the share price of their stock has fallen over 13% this year which is worse than the majority of their peers. Realty Income also surprised people when they recently announced a $950 million investment in the Bellagio in Las Vegas, which has received mixed responses. In today’s video we’re going to examine the company’s recent moves and where they’re headed going forward.

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