1 Magnificent High-Yield Dividend Stock Down 29% to Buy and Hold Forever
The S&P 500 is close to an all-time high, but not all areas of the stock market have performed equally well. In fact, the real estate sector has dramatically underperformed the overall market for the past three full years, mainly due to the relatively high-interest environment.This has created interesting opportunities for long-term investors to add some rock-solid real estate investment trusts (REITs) to their portfolios. One that looks particularly attractive is Realty Income (NYSE: O), which is about 29% below its peak, despite solid results from its business.Realty Income is a real estate investment trust, or REIT (pronounced "reet"), that specializes in net-leased properties. In simple terms, it owns properties occupied by single tenants, where the tenant is responsible for property taxes, building insurance, and most maintenance expenses.Continue reading
The S&P 500 is close to an all-time high, but not all areas of the stock market have performed equally well. In fact, the real estate sector has dramatically underperformed the overall market for the past three full years, mainly due to the relatively high-interest environment.
This has created interesting opportunities for long-term investors to add some rock-solid real estate investment trusts (REITs) to their portfolios. One that looks particularly attractive is Realty Income (NYSE: O), which is about 29% below its peak, despite solid results from its business.
Realty Income is a real estate investment trust, or REIT (pronounced "reet"), that specializes in net-leased properties. In simple terms, it owns properties occupied by single tenants, where the tenant is responsible for property taxes, building insurance, and most maintenance expenses.
