Jan. 21 at 4:08 AM
My favorite
$REIT O is back in a buy zone. Bouncing off a strong support zone at 52. I have O at a valuation of around
$65 which gives it around 15% discount.
REITS are once again beaten down as yields remain high. If you get into any REIT, it would be a longer term plan to collect dividends and patiently wait for the rate cuts.
This could take time and while, you can't expect current market conditions to beat the 10% in the market year over year, I do think with the 5% dividend yield and strong financials, it could possibly appreciate 5-10% to match the average market.
I do own a large portion of O as my real estate diversification. I unloaded half in the last runup and am adding to my position on the latest dip.
One issue with O is that it has grown too big where share appreciation even with rate cuts will be a slower pace but I do like the steady dividend growth and consistency.
