Realty Income Stock Hits 52-Week High: Should You Take the Bait?
ORealty Income(O) ZACKS·2024-08-29 01:30

Shares of Realty Income (O) hit a 52-week high of 62.27onTuesdayandfinallyclosedat62.27 on Tuesday and finally closed at 62.15, up 21.5% in the past three months. The company also outperformed the Zacks REIT and Equity Trust - Retail industry’s growth of 15.9% and the S&P 500 composite’s rise of 6.2% over the same time frame.3-Month Price PerformanceImage Source: Zacks Investment ResearchThe recent indications of a rate cut in the September FOMC meeting have played a catalyst for this “Monthly Dividend Company”. Further, the solid secon ...