Want Something to Buy?

 | Mar 06, 2013 | 2:03 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

o

You want a pullback? You want to buy something that's down that makes a ton of sense? Take a look at Realty Income (O), which just did a 15 million share secondary at $45.90 that broke the print price from the get-go.

Here's a very good real estate investment trust that gives you a MONTHLY dividend that currently yields 4.7%. I love a monthly dividend.

Realty Income is precisely the kind of stock for this environment. It's got an impeccable portfolio of real estate properties, 3550 of them in 49 states, so no one retailer can sink it. It pays a monthly dividend because the tenants pay it monthly. The company's paid out more than $2.38 billion in dividends for more than 44 years and, like so many other REITS, it has trumped the market giving you a 17% annual return since 1994.

It is using the proceeds to buy more properties to be able to increase the dividend, not unlike American Realty Capital, which just completed an acquisition that will allow it to increase its dividends even as that one already pays a 6.51% yield and I think can go to $15 pretty quickly.

We are always looking for price breaks in this red-hot market. Here's one that makes a ton of sense. I would use it to buy. (Check out the work of Brad Thomas for more great info on REITs.)

Columnist Conversations

Lang:
Lights, Camera, ACTION! This move lately in GPRO has been stellar, up nearly 12% over the past couple of sess...
For just under two weeks MCD has been bumping up against a very solid wall of resistance. The $96.95 to ...
Texas Instruments is surging today. Shares are up over 2.7% and are moving further into new 52W high gro...
Shares of Amazon (AMZN) have been trading within a set of Fibonacci retracements measured off their 2014 range...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.