Realty Income Stock Hits 52-Week High: Should You Take the Bait?

Shares of Realty Income (O) hit a 52-week high of $62.27 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. Image Source: Zacks Investment Research 3-Month Price Performance The recent indications of a rate cut in the September FOMC meeting have played a catalyst for this "Monthly Dividend Company". Further, the solid se ...