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3 Magnificent S&P 500 Dividend Stocks Down 20% to Buy and Hold Forever
EXRExtra Space Storage(EXR) The Motley Fool·2024-12-28 09:16

The S&P 500 has rallied about 25% over the past year. It has risen thanks to a strong economy and moderating inflation, with the latter factor enabling the Federal Reserve to start reducing interest rates. However, not every stock has participated in the broader market's bull run. Several top real estate investment trusts (REITs) are down about 20% from their recent highs, including Realty Income (O -0.77%), Prologis (PLD -1.54%), and Extra Space Storage (EXR -1.01%). That's partly due to the Fed's decision ...