Jim Cramer’s Bold Take on Realty Income Corp Stock
Jim Cramer, known for his entertaining and insightful views on stocks and cryptocurrencies, recently shared his opinion on Realty Income Corp (NYSE: O) stock. In a tweet, Cramer stated that he still believes it is a buy, despite the stock’s negative yearly change of -22%. This opinion has sparked a wave of bearish comments against O’s stock on social media.
“Time to close my position… why this one, Jim?” wrote one user.
Another user commented, “That means… another 50% drop. Maybe more! DCA in from below $25.”
These comments, whether sarcastic or not, highlight the controversy surrounding Cramer’s opinions and their tendency to be inaccurate. Many investors have even adopted an “inverse Cramer” strategy, where they do the opposite of what Cramer suggests.
Realty Income Price Analysis
Currently, O’s stock is trading at $50.03 per share with a positive change of 4.25% in the past 24 hours. It reached a low of $48.75 during this period. Despite its negative yearly change, there are reasons to consider investing in Realty Income. The company owns 13,118 commercial properties and has a market cap of $34 billion. It also consistently generates cash dividends and is known as “The Monthly Dividend Company.”
Hot Take: Is Cramer Right This Time?
Cramer’s bold take on Realty Income Corp stock has ignited a debate among investors. While his track record of accurate predictions may be questionable, Realty Income’s strong portfolio and reliable dividend payments make it an intriguing investment option. As always, it’s important to do thorough research and consider multiple perspectives before making any investment decisions.
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