Realty Income Sees Revenue Surge and Increases Its Dividend. Is It Time to Buy This 5.6% Yielding Stock?
Realty Income(O) The Motley Fool·2024-05-12 11:31
Is the stock poised for a turnaround?Realty Income (O 0.70%) shares have struggled over the past year -- they're down over 10%. However, the real estate investment trust (REIT) pays an attractive monthly dividend and just turned in solid first-quarter results.Let's take a look at its most recent quarterly report, the safety of its dividend, and whether now is the time to buy the stock.Solid Q1 resultsRealty Income saw its first-quarter revenue surge 33% to $1.26 billion, helped by its acquisition of Spirit ...