Realty Income Stock Up More Than 18% in 3 Months: Time to Buy or Hold?
ORealty Income(O) ZACKS·2024-09-28 00:06

After reaching a 52-week high early in September, shares of Realty Income (O) are trading 1.4% lower, closing at $62.48 yesterday on the NYSE. Still, it marks an 18.3% increase in the past three months, outperforming the Zacks REIT and Equity Trust - Retail industry's growth of 16.6% and the S&P 500 composite's rise of 4.3% over the same time frame. The recent rate cut and indications of a probable reduction in rates in the upcoming period have significantly contributed to this surge in the stock price of t ...