The best dividend stock for 2024: Realty Income (WKN: 899744) - financial expert explains its attractiveness!

The best dividend stock for 2024: Realty Income (WKN: 899744) - financial expert explains its attractiveness!

According to a report by www.aktienwelt360.de,

The dividend stock Realty Income (WKN: 899744) is an attractive choice for the author if he could only buy one dividend stock. The article highlights the quality of the stock, the strong dividend, the cheap valuation and the possibility of a revaluation in 2024. The author also emphasizes the importance of quality and the uniqueness of Realty Income in the REIT sector.

After in-depth analysis of the article and my own assessment, it can be stated that Realty Income has a dividend yield of 5.41% and is moderately valued at the current price-to-FFO ratio. Total return potential is expected to be at least 7% per year, even without growth. The possible revaluation in 2024 is based on a forecast trend towards slightly falling interest rates, which could lead to a higher valuation of real estate stocks and REITs.

The quality of Realty Income is underlined by the size of the portfolio, the balanced balance sheet and the ability to handle larger acquisitions. Past corporate transactions have demonstrated that Realty Income has unique competitive advantages. The diversification of the portfolio and protection against vacancies further increase the attractiveness of the share.

Overall, Realty Income is a promising dividend stock that offers attractive opportunities for 2024 and beyond. The possible interest rate turnaround and the solid quality of the stock speak in favor of investing in Realty Income.

It is advisable to closely monitor Realty Income's performance in 2024, as possible changes in interest rate policy and the real estate industry could have a significant impact on the stock's attractiveness.