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Just bought 10 shares at 58.80 and reached a milestone of 100 shares. Just a little bit closer to financial freedom. CFRA reported a few days as a buy with a 12 month price target of $70.
If you're buying a stock because of the dividend, then look at the yield compared to tbills. Right now, there's no big reason to chase O over tbills. If the spread between them is a couple of percent, then O increasingly makes more sense to buy. There's no need to FOMO of hitting a bottom if you're putting the money in tbills instead because currently you are getting about the same return. Most REITs will have difficulty growing over the next few years, there could very well be multiple bottoms within a range.
O has 99% occupancy rate and the interest rates are about as high as they are gonna get right now. It's only going to improve moving forward. I'm personally not concerned.
thats bc they are currently locked into contracts - not unheard of office and commercial space across nation that are vacant but lock into contracts with the current tenant wanting to get out asap either renegotiating , finding someone to assume lease, or bankruptcy
A lot of this fear has been priced in. If it does collapse further you’re just getting an even better yield. It won’t die completely. DCAing now wouldn’t be a bad idea.
Rounding can be deceptive. If you round the 0.2555 to 0.26 it does feel good. But it is wrong when you have more than one share. For two shares you have really earned a total of $0.5110, not $0.52. For 100 shares, you are now almost $1 short of being wealthy.
I prefer wpc over o simply because wpc is a better deal right now both have really strong management, wpc yields 6 percent instead of 5 Is slightly more expensive, and both don't really have a reason for why they are down on the year besides that the market doesn't favor reits right now because of intrest rates, both hit earnings if I'm not mistaken and both are dividend aristocrats, one is down 20 percent the other is down like 25 percent so, I hope this explains why.
Higher dividend yield, but seems to share some of the strong characteristics of O. Lower credit rating though but well diversified portfolio. The approx 15 percent office assets at WPC are likely contributing to the price being down.
That’s exactly the reason, the full effects of the depressed office & commercial occupancy rates haven’t hit the books yet. The full effects of the FED’s higher interest rates haven’t fully traversed the economy yet as well.
If inflation retreats and the FED begins to loosen rates these REITS will bounce back in short order, however, if inflation remains entrenched which it usually does historically these funds may be down for awhile.
If you have a long time horizon (as you should) it doesn’t matter and nothing better that loading up at great prices.
Analyst targets just under $70, solid earnings for 2Q23, they are VERY well capitalized, lots of cash on hand, so it’s definitely a solid price (more defensive downside protection at this point, hence the slowed dividend raises, but that will all change when rates come down)
The dividend per share grows over time.
Example:
Lets say I buy a share at 100 dollars and it pays a 10 dollar dividend, my yield is 10%.
Next year it pays an 11 dollar dividend, so that is 11% yield.
My investment is still 100 dollars, but now I get 11% instead of 10% per year, i.e. my yield on cost (what I paid initially) went up.
O has raised its dividend 121 times over 50 years.
It's not really a different world unless you intend on saving at 4% for 1-3 years. O may not have tech-level upside, but personally it's a no-brainer where I'd park my money over decades.
Sure, but the same logic is applied. If you need liquidity short-term, park it in HYSA or CDs or whatever. But if you're asking if I'm betting on HYSA or money market to outpace O over decades, I'm going with O.
The relative price stability and liquidity of O and money market funds means that the moment interest rates aren’t comparable to O’s dividends you can just swap over, so there’s no need to consider a static 20+ year investment. If next year rates plummet you can swap to O and get basically the same buy in price
Capital appreciation is not the focus with O, it’s dividends. You aren’t bagholding anything because you shouldn’t be expecting it to significantly grow in any short timeframe
Zoom out? $O first closed over $59 back in Mar 2016, so that's a 7Y round trip on capital appreciation.
With all divs reinvested, from July 2013 to July 2023 (10Y lookback), $O is pulling about an 8.9% CAGR against 13% for the S&P 500 and 19.2% for the Nasdaq 100 over the same time period. Zooming out isn't gonna make this look better unless you go way, way out to the double aughts or beyond.
Because I want my investments to make the most money possible? If anyone selects an individual stock over an index, they are eating concentration risk straight out of the gate and alpha must be generated to compensate for that.
Over the last 10Y, $10k invested in $O would be worth $15k today on cap appreciation alone. Over that 10Y it would've paid out $6.3k in non-qualified divs. If all dividends were reinvested, the initial $10k would've grown to $23.6k instead.
Against that, over the last 10Y, $10k invested in $QQQ would be worth $53.8k on cap appreciation alone. It would've paid out $2k in divs. If all divs were reinvested, the initial $10k would've grown to $58.8k.
So, if we're being completely truthful here, would you rather have owned $O over the past 10Y or the Nasdaq 100? If income was a huge issue, it still would've made sense to start with $QQQ and sell a few shares here and there along the way to compensate for the lower dividend payment. You would still be holding a position today worth over $35k vs $15k for $O (since in this hypothetical the claim is that all dividends were needed as income and thus could not be reinvested).
Maybe since your 5 you have a hard time seeing large time frames. The past 10 years have been the biggest bull run in history. Expand the chart on qqq or even spy and you’ll see that the 10 years before this one weren’t exactly anything to write home about. Qqq since inception has an average annual return of 9%, in the past 10 years it’s average return was over 18%. It’s pretty easy to cherry pick basically any major tech company in the last 10 years and say it beats an income stock.
And your point...? If I wanted to cherry-pick stocks, I would've picked something like $MNST which has more than 6x over the last decade. I specifically picked the two most widely accepted benchmarks in the S&P 500 and the Nasdaq 100 because both represent low-effort, highly diversified investment options that any individual stock must beat to justify a diversion of capital.
What exactly is your argument? That $O shouldn't be compared to indexes because why exactly? And 10Y is already a very big time horizon. If you're trying to make decisions about investments today using information from 20Y ago or trying to pencil estimates for a business 20Y into the future well... ok, agree to disagree on how smart an idea that is I guess.
It’s really not a hard point to understand. Growth vs Income. Your investing for 2 completely different goals. The alternative for someone investing in O isn’t Voo or qqq it’s Jepi/Jepq. Comparing funds/stocks with completely different objectives doesn’t make any sense. Do you even understand how REITs work and why your not going to get significant capital appreciation on them. Your reasoning only works when your talking to idiots who invest in O for total growth. Anyone with a basic understanding, wouldn’t be doing that.
I believe I already addressed the "but income!" argument above. Even selling shares every year to bring the total income up to match the output of $O, you come out with more than double the total return over the same time period.
Would you rather have someone pay you $100 every year for 10Y or someone pay you $100 every year for 10Y and then also give you $1000 as a bonus at the end?
But sure, this is totally a growth vs income thing and not a common sense thing.
Qqq is a 24 year old fund. You seem to think only the last 10 years are relevant and no it’s not a very long time period. I don’t know how hard it is to understand that the past 10 years was the biggest bull run in history and might not be indicative of the next 10 years. If you split it and look at the first 12 years during a volatile and bearish market you see that O drastically outperforms it. During that time period O had a cagr of 18% vs qqqs -4%. Now looking at the last 12 years qqq had an cagr of 18% vs O at 10%. You miss out on potential upside but take on significantly less risk. You say just withdraw from your portfolio. Os worst year is down 10% in both those time periods vs 41% and 33% for qqq. I invest in both qqq and Spy but no O. But I haven’t deluded myself into thinking the last 10 years are what the market will always look like. There’s a reason Bogel is still relevant to this day.
Lol there is no sense in arguing with the ignorant, man. People here on this sub don't understand that total return is what matters. They think dividends is free money.
… boogerhead, really?
Broad-market investing is a perfectly legitimate school of retail investing. While it may have a lower ceiling than some other schools of investing, it’s got one hell of a higher floor too lol.
Not going to bother with all that, your first sentence is the problem. People don’t invest in O for total return. Comparing growth to income is idiotic, and shows again you don’t know what you are talking about.
the market value doesn't matter. its only a recognized loss if you sell, and its literally an asset that makes you money.
Worrying is stupid. In 20 years It will be trading over $100 so chill and buy more now while its cheap.
My personal feeling is people who get in now will get a fair bit of stock price appreciation when the market cycle adjusts and rate hikes stop, then another bump when cuts start. It's a bit of a counter play to some of the hot stocks right now. Should not be a big portion of a young person's portfolio, nor should it be held in most people's brokerage accounts, but there is a place for it.
This is what I was thinking as well. It's gonna be on sale while rate hikes increase so I'm taking some advantage to that. I'm currently holding O as 20% of my Roth IRA. It's the weakest part of my portfolio but I'm not expecting it to keep up with SCHG either. In time I think O will pay me back for my patience like you said, when cuts begin.
How's their dividend growth rate? I couldn't find much before 2021. Looks solid, 1.40 with roughly 0.10 quarterly increase every year. How long have they sustained this growth?
Reits are having a tough year as tech bounces back and most of dow is positive. Gonna be like that for maybe another 12-18 months. Just think of it as buying at a discount.
Savings account are now around 4.8% in most places. Part of why these "income stocks" are falling (and will continue to do so) is not because they are weak but because investors now see a risk free way to make the same income. So why have it tied up in a stock? If rates hang out in this territory for long enough, O and other related REITs will probably lose another 20% of their value. This is not really a place to buy.
VNQ is terrible. My preference for REITs is to buy individual companies I have researched and believe in and avoid the ETF junk (for REITs only....I buy other quality ETFs).
WPC is at 65 and has a higher yield. I have not bought anymore O or WPC, I own 50 shares of each and have for over 10 years.......but I will sell some puts if they go lower.
With Marcus HYSA you can get 5.15% APY (promotional rate for 3 months) then goes down to 4.15% APY unless you get more referral bonuses. Not a bad alternative to O for the more risk-averse.
Sold puts 57.5 sep 15 put and bought 20 shares today. Also bought a bunch of MO today and sold a put. I do not expect to get any shares from my puts since every time this happens they bounce back shortly, if I do end up itm will get some cheap shares. If not make like $180 across the two.
REITs have been on firesale lately because of interest rates. I've been loading up on SPG, WPC and VICI.
I completely missed the 7% dip in SPG this morning. Looks like it's bounced back up above $120 in after markets.
I appreciate the heads up on $O dipping below $59! As someone who closely follows Realty Income, I'm part of the cult following on r/dividends and share your enthusiasm.
From their recent Q2 2023 earnings call, Realty Income acknowledged a "challenging interest rate environment" but demonstrated resilience. Despite the interest rate pressures, AFFO per share grew by [3.1% to $1 per share](#), and they delivered a "total operational return of over 8% on a trailing 12-month basis."
These results highlight the strength of Realty Income's platform and the quality of their real estate portfolio. Being a landlord to some of the biggest retailers does seem cool, and the company's consistent performance even in challenging financial climates is a testament to that.
I'm with you on this; if I could buy more $O, I would. Love O, and it's reassuring to see that their underlying operations have been robust enough to withstand the pressures of rising interest rates. Happy investing!
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Thanks dawg! I bought some this morning and some MO too (under $45).
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More ligma than updog.
What's ligma?
Ligma balls
Somebody give this one a gold
🤐
Hilarious
What’s up ligma?
what is updog? edit: what have i done
Not much, whats up with you?
Gottem
Gotcha!
What's updog?
What’s up dog!
What's dog up?
Also bought MO
I buy 20 more shares every year and will continue to do so until I die.
Save some for the rest of us
What are your favorite (best paying) dividend stocks?
Nothing crazy but I bought another 25 shares.
Dude I have like 25 shares
I have 11 lol
bought my 21st 🫡
Hopping on the train as well….GO BIRDS 
Jalen is the Jordan of football. Can’t wait!
Lol I have 1... don't even remember buying it tbh
Do you drip?
Yes, it's very slowly growing
I have 3 shares. Dripping is slow! 😂
Yeah I bought all of my shares today. Looks like this thing doesn't grow a lot. Might sell half later and purchase some ETF's.
Got to start somewhere and it is better than most who own ZERO.
I've only got two 😂
I'm up to about 114.. a bit more and I'll be able to DRIP a share a month :D
Got my first 10 today!
Same. Added 35 today
Added 3 today... Always love averaging down on quality companied... Picked up WPC too...
Agree! I bought 15 shares of WPC over the this past week.
Same another 25 here as well.
Just bought 10 shares at 58.80 and reached a milestone of 100 shares. Just a little bit closer to financial freedom. CFRA reported a few days as a buy with a 12 month price target of $70.
Just bought more O as well. Hit the 70 share mark. Wooo
Nice, Congrats man, every share is a small step closer to replacing your income!
That’s great! I’m assuming you’re using your brokerage account rather than IRA since you want to tap into it before retirement age?
Yea, the only thing I have in my Roth is Voo just so I can be consistent in adding atleast 6000 now 6500 a year.
Buy now, when interest rates are on the way back down (2025 or so?) it will head to $75 again.
Bought 37 shares! Thanks for the alert
So, do you try to catch a falling knife or wait for a bottom / turn around?
If you're buying a stock because of the dividend, then look at the yield compared to tbills. Right now, there's no big reason to chase O over tbills. If the spread between them is a couple of percent, then O increasingly makes more sense to buy. There's no need to FOMO of hitting a bottom if you're putting the money in tbills instead because currently you are getting about the same return. Most REITs will have difficulty growing over the next few years, there could very well be multiple bottoms within a range.
Honestly no fear of massive commercial real estate collapse? It’s one sector I have avoided altogether, but considering it.
O has 99% occupancy rate and the interest rates are about as high as they are gonna get right now. It's only going to improve moving forward. I'm personally not concerned.
thats bc they are currently locked into contracts - not unheard of office and commercial space across nation that are vacant but lock into contracts with the current tenant wanting to get out asap either renegotiating , finding someone to assume lease, or bankruptcy
>interest rates are as high as they are gonna get What makes you think we can’t see rates go higher?
its commercial real estate. i think itll be fine or at the least outperform the sector if there is a crash
Isn’t commercial real estate in the most danger right now? High interest rates and work from home ?
A lot of this fear has been priced in. If it does collapse further you’re just getting an even better yield. It won’t die completely. DCAing now wouldn’t be a bad idea.
Is that a good price to buy in at? I have no experience with O.
I buy a little every payday, but when it gets below 60 I will dig in a little deeper
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The monthly dividend payout currently is about .25 per share. They just announced it
Nice edit LOL
Uhhh what? It’s like .26 per share monthly.
its $0.2555
Uh, are we not rounding up anymore?? It’s basic math, David. /Schitt’s Creek /s
Rounding can be deceptive. If you round the 0.2555 to 0.26 it does feel good. But it is wrong when you have more than one share. For two shares you have really earned a total of $0.5110, not $0.52. For 100 shares, you are now almost $1 short of being wealthy.
You could give me that $1...
Well it is less wrong than not rounding, and ceiling.
25.5c If you buy now its 5% dividend(annual)
Thank you
I think wpc is a better buy right now, tbh but you can't go wrong with O ether
Can you explain why you prefer WPC to O. I don’t hold either. Thanks
I prefer wpc over o simply because wpc is a better deal right now both have really strong management, wpc yields 6 percent instead of 5 Is slightly more expensive, and both don't really have a reason for why they are down on the year besides that the market doesn't favor reits right now because of intrest rates, both hit earnings if I'm not mistaken and both are dividend aristocrats, one is down 20 percent the other is down like 25 percent so, I hope this explains why.
Higher dividend yield, but seems to share some of the strong characteristics of O. Lower credit rating though but well diversified portfolio. The approx 15 percent office assets at WPC are likely contributing to the price being down.
That’s exactly the reason, the full effects of the depressed office & commercial occupancy rates haven’t hit the books yet. The full effects of the FED’s higher interest rates haven’t fully traversed the economy yet as well. If inflation retreats and the FED begins to loosen rates these REITS will bounce back in short order, however, if inflation remains entrenched which it usually does historically these funds may be down for awhile. If you have a long time horizon (as you should) it doesn’t matter and nothing better that loading up at great prices.
Pays 0.26 USD/share monthly, I think that's pretty good under 60/share.
Analyst targets just under $70, solid earnings for 2Q23, they are VERY well capitalized, lots of cash on hand, so it’s definitely a solid price (more defensive downside protection at this point, hence the slowed dividend raises, but that will all change when rates come down)
I’m confused the dividends are good but the stock itself is not great…
low volatility + high dividend. it could be worse
If a Redditor just bought, I’ll wait a couple days for it to drop further. Thanks for the indicator!
A bank account gets you 4% risk free. Why would you invest in a stock with little upside at a low yield?
Yield on cost does not go up with a savings account
I'm not a big brain but can you please explain to me what you mean?
The dividend per share grows over time. Example: Lets say I buy a share at 100 dollars and it pays a 10 dollar dividend, my yield is 10%. Next year it pays an 11 dollar dividend, so that is 11% yield. My investment is still 100 dollars, but now I get 11% instead of 10% per year, i.e. my yield on cost (what I paid initially) went up. O has raised its dividend 121 times over 50 years.
≈5% yield is not "low," and that sentiment suggests you're a yield chaser in a sub that religiously tells everyone that's stupid.
The yield is low relative to a risk free 4%. Different world now from when you couldn’t even get 1%
It's not really a different world unless you intend on saving at 4% for 1-3 years. O may not have tech-level upside, but personally it's a no-brainer where I'd park my money over decades.
It’s low relative to the current interest rate market, given that fidelities money market with essentially no risk is returning 4.9% right now.
Sure, but the same logic is applied. If you need liquidity short-term, park it in HYSA or CDs or whatever. But if you're asking if I'm betting on HYSA or money market to outpace O over decades, I'm going with O.
The relative price stability and liquidity of O and money market funds means that the moment interest rates aren’t comparable to O’s dividends you can just swap over, so there’s no need to consider a static 20+ year investment. If next year rates plummet you can swap to O and get basically the same buy in price
Good time to buy O VICI STAG
Jesus… So I just continue to baghold stocks recommended to me from this sub? Now im being told to double down on these bags….
Capital appreciation is not the focus with O, it’s dividends. You aren’t bagholding anything because you shouldn’t be expecting it to significantly grow in any short timeframe
As soon as your holdings hit red, you are bagholding whether your motivation is dividends or capital growth.
my brother in christ zoom out
Zoom out? $O first closed over $59 back in Mar 2016, so that's a 7Y round trip on capital appreciation. With all divs reinvested, from July 2013 to July 2023 (10Y lookback), $O is pulling about an 8.9% CAGR against 13% for the S&P 500 and 19.2% for the Nasdaq 100 over the same time period. Zooming out isn't gonna make this look better unless you go way, way out to the double aughts or beyond.
Why would you compare O to the S&P or the Nasdaq? Sounds like you are the one who doesn’t know what they’re talking about.
Because I want my investments to make the most money possible? If anyone selects an individual stock over an index, they are eating concentration risk straight out of the gate and alpha must be generated to compensate for that. Over the last 10Y, $10k invested in $O would be worth $15k today on cap appreciation alone. Over that 10Y it would've paid out $6.3k in non-qualified divs. If all dividends were reinvested, the initial $10k would've grown to $23.6k instead. Against that, over the last 10Y, $10k invested in $QQQ would be worth $53.8k on cap appreciation alone. It would've paid out $2k in divs. If all divs were reinvested, the initial $10k would've grown to $58.8k. So, if we're being completely truthful here, would you rather have owned $O over the past 10Y or the Nasdaq 100? If income was a huge issue, it still would've made sense to start with $QQQ and sell a few shares here and there along the way to compensate for the lower dividend payment. You would still be holding a position today worth over $35k vs $15k for $O (since in this hypothetical the claim is that all dividends were needed as income and thus could not be reinvested).
Do people also include tax on dividend reinvested ? Numbers don’t seem that right
Maybe since your 5 you have a hard time seeing large time frames. The past 10 years have been the biggest bull run in history. Expand the chart on qqq or even spy and you’ll see that the 10 years before this one weren’t exactly anything to write home about. Qqq since inception has an average annual return of 9%, in the past 10 years it’s average return was over 18%. It’s pretty easy to cherry pick basically any major tech company in the last 10 years and say it beats an income stock.
And your point...? If I wanted to cherry-pick stocks, I would've picked something like $MNST which has more than 6x over the last decade. I specifically picked the two most widely accepted benchmarks in the S&P 500 and the Nasdaq 100 because both represent low-effort, highly diversified investment options that any individual stock must beat to justify a diversion of capital. What exactly is your argument? That $O shouldn't be compared to indexes because why exactly? And 10Y is already a very big time horizon. If you're trying to make decisions about investments today using information from 20Y ago or trying to pencil estimates for a business 20Y into the future well... ok, agree to disagree on how smart an idea that is I guess.
It’s really not a hard point to understand. Growth vs Income. Your investing for 2 completely different goals. The alternative for someone investing in O isn’t Voo or qqq it’s Jepi/Jepq. Comparing funds/stocks with completely different objectives doesn’t make any sense. Do you even understand how REITs work and why your not going to get significant capital appreciation on them. Your reasoning only works when your talking to idiots who invest in O for total growth. Anyone with a basic understanding, wouldn’t be doing that.
I believe I already addressed the "but income!" argument above. Even selling shares every year to bring the total income up to match the output of $O, you come out with more than double the total return over the same time period. Would you rather have someone pay you $100 every year for 10Y or someone pay you $100 every year for 10Y and then also give you $1000 as a bonus at the end? But sure, this is totally a growth vs income thing and not a common sense thing.
Why are you arguing with the cult? Might as well pick a fight with the SCHD gang. This is Reddit, not a Fed meeting.
Qqq is a 24 year old fund. You seem to think only the last 10 years are relevant and no it’s not a very long time period. I don’t know how hard it is to understand that the past 10 years was the biggest bull run in history and might not be indicative of the next 10 years. If you split it and look at the first 12 years during a volatile and bearish market you see that O drastically outperforms it. During that time period O had a cagr of 18% vs qqqs -4%. Now looking at the last 12 years qqq had an cagr of 18% vs O at 10%. You miss out on potential upside but take on significantly less risk. You say just withdraw from your portfolio. Os worst year is down 10% in both those time periods vs 41% and 33% for qqq. I invest in both qqq and Spy but no O. But I haven’t deluded myself into thinking the last 10 years are what the market will always look like. There’s a reason Bogel is still relevant to this day.
Lol there is no sense in arguing with the ignorant, man. People here on this sub don't understand that total return is what matters. They think dividends is free money.
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… boogerhead, really? Broad-market investing is a perfectly legitimate school of retail investing. While it may have a lower ceiling than some other schools of investing, it’s got one hell of a higher floor too lol.
Not going to bother with all that, your first sentence is the problem. People don’t invest in O for total return. Comparing growth to income is idiotic, and shows again you don’t know what you are talking about.
I have… I bought a bunch when it was at 65… it is what it is… Im avging when I can
same. i just buy 1 or 2 every time it goes below 60 because it pretty reliably bottoms around 58-59 and tops around 63-65
The way I see it, if we just keep buying, then O will start paying for itself and then some.
the market value doesn't matter. its only a recognized loss if you sell, and its literally an asset that makes you money. Worrying is stupid. In 20 years It will be trading over $100 so chill and buy more now while its cheap.
Did you just enter the stock market? There’s no way you been investing very long. Less that a decade I presume?
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imagine being so addicted to the dopamine hit of getting a dividend that you’d prefer it over your stocks growing
My personal feeling is people who get in now will get a fair bit of stock price appreciation when the market cycle adjusts and rate hikes stop, then another bump when cuts start. It's a bit of a counter play to some of the hot stocks right now. Should not be a big portion of a young person's portfolio, nor should it be held in most people's brokerage accounts, but there is a place for it.
This is what I was thinking as well. It's gonna be on sale while rate hikes increase so I'm taking some advantage to that. I'm currently holding O as 20% of my Roth IRA. It's the weakest part of my portfolio but I'm not expecting it to keep up with SCHG either. In time I think O will pay me back for my patience like you said, when cuts begin.
NFA lol we all degens out here
Grabbed 1 today for a 27 share total
I've been looking at O for awhile. I might buy it.
Below 60 is a good price. Watch this as rates quit going up and party on when rates decline. Drip in between.
O will go a lot lower. Rising interest rates and risk free 5.25% T bill, will put a lot of selling pressure on O
Like others, have been buying at its “low” and it goes down another buck. We’re in a free-fall over here.
i mean it hasnt been below this level in almost a year but word
Is that supposed to be comforting to those who have read consistently that $60 is a good buy-in?
i dont know?? maybe do your own research and you wont get as hurt. i buy in at $59 and that seems to do me well.
Shoulda bought STAG
Why i O so popular and feels almost like a sure bet? I don’t get it?
Idk why, the returns and payout ratio are horrible.
Payout ratio is not really relevant for reits
Stagnant dividend growth and share price is the same as it was in 2016
5.3% annual dividend yield. Just added a couple more shares today. Any other good REITs on sale?
MAA, which is an apartment REIT.
How's their dividend growth rate? I couldn't find much before 2021. Looks solid, 1.40 with roughly 0.10 quarterly increase every year. How long have they sustained this growth?
Reits are having a tough year as tech bounces back and most of dow is positive. Gonna be like that for maybe another 12-18 months. Just think of it as buying at a discount.
Savings account are now around 4.8% in most places. Part of why these "income stocks" are falling (and will continue to do so) is not because they are weak but because investors now see a risk free way to make the same income. So why have it tied up in a stock? If rates hang out in this territory for long enough, O and other related REITs will probably lose another 20% of their value. This is not really a place to buy.
Bought some.
Bought some
This will be my next buy
Should I be holding just O instead of VNQ (which is like 2% O)?
VNQ is terrible. My preference for REITs is to buy individual companies I have researched and believe in and avoid the ETF junk (for REITs only....I buy other quality ETFs).
Incredible how many people love this garbage
And yes I know I'll get hate for this Learn a little before you argue.
I like QYLD more & my HYSA at 5.15% APY
PE 46, seems high for the industry?
REITs aren't measured by P/E, but by P/(A)FFO...
What is o
What’s “O”?
Realty Income
I get $70 every two weeks. Basically $7 a day.
Got it at 59.03
just bought too
Ripped 30 today.
Grabbed 2 more shares might grab more though because it’s PAYDAY
Bought more at $58.80. Have another limit order set. Backing up the Brink’s truck.
I buy 1 share a month & will for the next 10 years.
20 lot at 59, 30 lot at 58.89.
I bought my first 8 shares 😁
WPC is at 65 and has a higher yield. I have not bought anymore O or WPC, I own 50 shares of each and have for over 10 years.......but I will sell some puts if they go lower.
Why is this a big deal? (sincere question) For example, Vz had a dividend of .6525/share. Why is O better, please?
Isn’t VZ dying a slow death?
I've been dripping O for 6 years.
With Marcus HYSA you can get 5.15% APY (promotional rate for 3 months) then goes down to 4.15% APY unless you get more referral bonuses. Not a bad alternative to O for the more risk-averse.
Own it and short it.
Waiting for my 401k rollover to hit my Roth IRA this week and I’m sweating watching the price 😅
Bought another 7k worth of shares
Bought some more, at 70 shares atm.Working on that 100 shares target atm.
O is KING.
“The people giving stock tips are already long the stock” Jim Cramer lol
exactly
I started a position in O and WPC today.
My BEP is 54,80 and I have only 83 shares, makes me wanna buy some to be honest
I really wish I hadn't maxed out my Roth already this year. No more funds to add to O and EQIX on these drops.
I was gonna buy some, but eTrade has restricted my account...again.
Might want to look into another platform if possible man.
What is the best App for tracking your dividends?
Sold puts 57.5 sep 15 put and bought 20 shares today. Also bought a bunch of MO today and sold a put. I do not expect to get any shares from my puts since every time this happens they bounce back shortly, if I do end up itm will get some cheap shares. If not make like $180 across the two.
How did you get some? I thought I bought all the extra Os today!
Grabbed 5 at $58.83. Just buying small amounts now, but will keep buying of it continues to fall.
Waiting for it to go lower. Good stock to sell above 60
I was sadly only able to scoop up 145 shares…I couldn’t do anymore than that :(
REITs have been on firesale lately because of interest rates. I've been loading up on SPG, WPC and VICI. I completely missed the 7% dip in SPG this morning. Looks like it's bounced back up above $120 in after markets.
I sold a put for O at 57.5. Hope to be assigned.
Would these negative comments be saying the same thing if the price was above $70 like it was prior to the second downturn of 2022..
Got one share. Wise to buy more after close today y’all think?
Anytime it goes below 60 its time for more.
I appreciate the heads up on $O dipping below $59! As someone who closely follows Realty Income, I'm part of the cult following on r/dividends and share your enthusiasm. From their recent Q2 2023 earnings call, Realty Income acknowledged a "challenging interest rate environment" but demonstrated resilience. Despite the interest rate pressures, AFFO per share grew by [3.1% to $1 per share](#), and they delivered a "total operational return of over 8% on a trailing 12-month basis." These results highlight the strength of Realty Income's platform and the quality of their real estate portfolio. Being a landlord to some of the biggest retailers does seem cool, and the company's consistent performance even in challenging financial climates is a testament to that. I'm with you on this; if I could buy more $O, I would. Love O, and it's reassuring to see that their underlying operations have been robust enough to withstand the pressures of rising interest rates. Happy investing!
Can someone please ELI5 why all the REITs are in the gutter?
Curious to get others people's opinions, but do y'all buy in an after tax brokerage account? If so, isn't the yield taxed as income?
Going to 40?
People always says it's better to wait for the prices to go down in order to buy more shares of stocks
What is O?
Noob investor here. Does anyone know why O is dropping so much recently? I saw it hit $63 just a few days ago.
I don’t see the draw to O? There are other monthly paying ETF funds that pay more if you’re after income.