Sold All My Realty Income Shares - Here's Why You Should Consider Buying Instead

Summary

• Realty Income was a buy at depressed valuations, but I sold the entire position at $63/share due to limited upside and better opportunities elsewhere.
• O remains a top pick for income-focused investors, but I seek a $50/share entry point to meet my 15-20% annual ROR target.
• Trump's election and proposed policies are likely to drive inflation, making it less probable for the FED to cut rates, impacting REIT performance.
• Despite O's attractive 5.4% dividend yield, its growth is subdued, and I expect a repricing due to inflationary pressures and higher interest rates.

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It's been three months since I published an article on Realty Income Corporation (NYSE:O) titled "A Smart Investment Even For Younger Investors", rating the stock as a buy but advising investors to be cautious as likely, we

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.