yahoo Press
Jim Cramer on Realty Income (O): “I Think It’s Going to Go Higher”
Images
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Realty Income Corporation (NYSE:O) was among the stocks Jim Cramer discussed in this changing market. Toward the end of the lightning round, when a caller inquired about the stock, Cramer remarked: I like that idea. You got a nice dividend. I think it’s going to go higher. That’s a terrific situation, and you got horse sense. Stock market data. Photo by Photo by Alesia Kozik Realty Income Corporation (NYSE:O) provides real estate capital to major companies and manages a large portfolio of commercial properties. The company also offers consistent monthly dividends and has a long history of increasing these payments. Cramer showed a bullish sentiment toward the stock during the March 9 episode, as he commented: Even at this crazy moment, it’s been a good year for Realty Income, letter O, the real estate investment trust that mostly owns retail properties… It’s been diversifying itself lately. The stock is up 15% year-to- date with a nearly 5% dividend yield. Now, some of that’s because Realty Income has made a push into industrial, gaming, and data center properties while also moving into Mexico. When they reported their most recent quarter a couple of weeks ago, the results were in line with expectations. But the full-year forecast with average funds came in just a tad light. Still, the market seemed to like what Realty Income is building here. I don’t blame them, even if it might take time for some of these investments to pay off. I like what I see.… It’s a very exciting situation. I just like [that it] gives you, the safe monthly dividend go up over time, but now you get very good outperformance and get that safe monthly dividend. While we acknowledge the potential of O as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.
Comments
You must be logged in to comment.