O Stock Falls 6.9% From Its 52-Week High: Should You Buy the Dip?

After reaching a 52-week high last week, shares of Realty Income (O) are trading 6.9% lower, closing at $60.41 yesterday on the NYSE. While it marks a 12.7% increase in the past six months, the stock has underperformed the Zacks REIT and Equity Trust - Retail industry's growth of 19.5% and the S&P 500 composite's rise of 16% over the same time frame. Before the recent decline, this leader in the net lease sector had witnessed a decent surge in the stock price, thanks to the September rate cut and indication ...