Should You Buy Realty Income Stock While It's Below $67?

The REIT could attract a lot more investors as interest rates decline. Realty Income's (O 0.61%) stock closed at a record high of $67 on Aug. 15, 2022. Over the following year, rising interest rates caused the real estate investment trust (REIT) to sink to a three-year low of$43.67 on Oct. 30, 2023. But over the past year, investors have warmed up to Realty Income again in anticipation of lower interest rates. The U.S. Federal Reserve finally cut its benchmark interest rate for the first time in four years ...