Realty Income Corporation (O)

Purchase Info

Stock Price History

Stock Price Video

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Our View

Realty Income is the largest triple-net REIT in the US with over 6,000 properties under its management. Realty Income’s properties are mostly in retail, a sector badly hit by COVID. However, its largest tenants include giants like Walgreens, 7-Eleven, Dollar General, and FedEx. Besides, Realty Income is one of only two REITs to be part of the famous High-Yield Dividend Aristocrats Index. The long-term prospects of Realty Income appear to be bright.
The long term monthly chart for Realty Income shows a decade-long uptrend with the sharpest pullback happening during the COVID-triggered crash back in March 2020. The price fell by a massive 50% and went below the bottom of the long term trend. Since then, the price has stabilized and has been hovering above the $57-level which seems to be acting as a support. A long position can be initiated with a target of $84, which is the top of the long term trend and the previous high. The stop loss can be placed below the support zone and the bottom of the long term trend, at around $54.

Position entered into our long term portfolio today. The entry point is at $59.45 and stop-loss $46.24 which is 22% below the entry point. The short-term to medium take profit is set at $86.65 giving a profit of 46%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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