Summary
- Realty Income is one of the most well-run REITs on the market today and is trading at levels last seen in 2015.
- As we learned from the last recession, Realty Income proved to recover rather quickly from trough to a new peak.
- Realty Income is yielding a dividend of 6%.
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The COVID-19 pandemic has literally impacted every industry outside of healthcare. This has caused chaos in the markets today, but with chaos brings opportunity. Some of the opportunities we are seeing today in high-quality names such as Realty Income Corporation (O) are ones we have not seen in years.
Investing decisions that will be made in the coming months will literally change lives in the long term. The important thing is to ensure you are making sound and well thought out decisions during these times and try not to make decisions under panic.
If you can take anything from the previous recession, it is that Realty Income will fully recover and more rather quickly, which is why I rate O a Strong Buy.
A Rare Opportunity To Buy This Blue-Chip REIT
Realty Income has long been one of, if not the most popular REITs investors have come to know over the years. The company is long known for its strong dividend track record, so much so it trademarked “The Monthly Dividend Company.”
Realty Income owns real estate with tenants that operate in very defensive sectors, but as we have seen with this pandemic, no industry has been spared outside of healthcare. However, Realty Income has a large array of investment grade tenants that should be able to weather the storm, with some areas of concern but strong tenant base nonetheless. The pandemic is terrible in nature, but in terms of investing, I believe the recovery will be strong in the economy based on the solid footing we were on prior.
