Realty Income Stock Falls 10% From Its 52-Week High: Buy, Sell or Hold?
Realty Income(O) ZACKS·2024-11-30 00:25After witnessing a decent surge in the stock price and reaching a 52-week high of $64.88 on Oct. 21, shares of Realty Income (O) experienced a considerable decline and are now trading 10.1% lower, closing at $58.32 on Wednesday on the NYSE. In the past three months, the stock has also underperformed the Zacks REIT and Equity Trust - Retail industry and the S&P 500 composite.Thanks to the Federal Reserve’s rate cuts, this leader in the net lease sector emerged as a favorable pick among investors. But the ral ...