Shares of this industry giant fell hard along with the S&P 500 during the pandemic, but it didn't bounce back along with the S&P.

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 ( O -0.05% ) , 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.

What does Realty Income do?

Realty Income is a net lease real estate investment trust (REIT) with a heavy focus on

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