This Stock Is Up Over 8,400% Since Its IPO. Here's Why It's Still a Buy.
Real estate investment trusts (REITs) do not typically deliver the level of excitement or returns reminiscent of some tech growth stocks. Instead, they usually focus on offering a steady stream of dividends to attract investors seeking income or wealth preservation.That is also the case with Realty Income (NYSE: O), though investors should also take note of its growth potential. Thanks to steadily rising stock prices and dividends, investors who bought at the 1994 IPO have earned total returns exceeding 8,400% when including payouts. When considering the business conditions under which it operates and its position in the market, the stock remains a buy despite those gains.Image source: Getty Images.Continue reading
Real estate investment trusts (REITs) do not typically deliver the level of excitement or returns reminiscent of some tech growth stocks. Instead, they usually focus on offering a steady stream of dividends to attract investors seeking income or wealth preservation.
That is also the case with Realty Income (NYSE: O), though investors should also take note of its growth potential. Thanks to steadily rising stock prices and dividends, investors who bought at the 1994 IPO have earned total returns exceeding 8,400% when including payouts. When considering the business conditions under which it operates and its position in the market, the stock remains a buy despite those gains.
Image source: Getty Images.
