Realty Income Shares Gain Ground Ahead of Holiday Break

Shares of Realty Income, the monthly dividend-paying real estate investment trust (REIT), posted a modest advance in the final trading session before the Christmas holiday. The upward move on Wednesday, achieved despite notably thin trading volume, provides investors in the REIT sector with several noteworthy data points.

During Wednesday’s session, Realty Income’s stock closed at $56.67, marking a gain of 1.32%. The intraday high reached $56.74, moving up from the prior day’s closing price of $55.93.

The trading environment was characterized by significantly reduced liquidity, a typical feature of the holiday period. Volume was approximately 2.4 million shares by mid-session, roughly 57% below the average volume of around 5.6 million shares. This suggests Read more...