Is O Stock a Buy, Hold or Sell After Its 15% Dip in Three Months?

The Federal Reserve’s reset of interest rate expectations for 2025, with the latest forecast of only two quarter-point rate reductions next year, lower than prior projections, has sent the market in jitters. Particularly, the more rate-sensitive stocks like REITs that depend on debts and pay a higher-yielding dividend have faced downward pressure.Realty Income (O) stock has not been an exception, and the stock has tanked 15.2% over the past three months, closing at $53.24 on Tuesday on the NYSE. In the past ...