Why Realty Income Stock Was Falling Today

Rising bond yields pose a challenge for the real estate investment trust.Shares of Realty Income (O -3.60%) were heading lower Wednesday in response to rising Treasury yields, which signaled that investors think that interest rates could go up in the Trump administration, or at least remain elevated. That condition would present two challenges for the real estate investment trust (REIT).As of 1:43 p.m. ET, the stock was down by 3.8%, in line with a broader decline in real estate stocks. The Real Estate Sele ...