1 Magnificent S&P 500 Dividend Stock Down 25% to Buy and Hold Forever

The S&P 500 (SNPINDEX: ^GSPC) nosedived in March 2020 as the coronavirus pandemic spooked investors, creating major uncertainty about the economy. But as the world learned to live with COVID-19, the index eventually recovered and went on to hit numerous new highs in the following years. But not all S&P 500 stocks fully recovered. Realty Income (NYSE: O), for example, still trades down around 25% from its pre-pandemic highs. That suggests an opportunity for income investors who buy stocks with a target holding period of forever.Realty Income is a net lease real estate investment trust (REIT) with a heavy focus on single-tenant retail properties. A net lease requires the tenant to pay most of the property-level expenses for the asset they occupy. While any single property is high risk, given there's only one tenant, that risk falls if the net-lease REIT has a large portfolio to spread it across. Realty Income's portfolio includes more than 15,600 properties. It is the largest competitor in its space.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool