O - Could This Undervalued Stock Make You a Millionaire One Day?
2024-07-13 18:12:00 ET
Let's not bury the lead: Realty Income (NYSE: O) alone probably won't make you a millionaire. But most stocks, alone, won't do that without you having to take on a material amount of risk and uncertainty.
It's far better to take a portfolio approach. Realty Income can be a foundational piece of a millionaire-maker portfolio, especially if you buy it today when the stock looks undervalued.
Using dividend yield as a rough gauge of valuation, Realty Income looks about as cheap today as it has been at any point over the past 10 years. In fact, the only time the yield was higher was during the brief bear market that occurred at the start of the pandemic. The current dividend yield for this real estate investment trust (REIT) is roughly 6% or so.
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Could This Undervalued Stock Make You a Millionaire One Day?