<h2>关键要点</h2>
<ul>
<li>长期投资者必须避免华尔街的投票机器，专注于企业的价值。</li>
<li>Realty Income 从近期高点下跌了 20%，提供 5.5% 的收益率，并且有 30 年的年度分红增长历史。</li>
<li>百事从近期高点下跌了 25%，历史上收益率高达 4%，是分红之王。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>人们常常认为华尔街在定价股票方面是高效的。这在长期内确实是正确的，但在短期内，投资者可能会非常情绪化。这种情绪化可能为专注于长期的投资者打开购买机会。</p>
<p>现在可能是采取逆向立场，购买 <strong>Realty Income</strong>(NYSE: O) 和 <strong>PepsiCo</strong>(NASDAQ: PEP) 的好时机，这两者的交易价格看起来极其便宜。以下是你可能想要逆势而为的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="640" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c"/></p>
<p>图片来源：Getty Images。</p>
<h2>Realty Income 有一个经过验证的模型</h2>
<p>Realty Income 每年增加其每月支付的股息，已经连续 30 年。这是一个令人印象深刻的记录，突显了这家 5.5% 收益率的房地产投资信托基金（REIT）的稳定性。股息在互联网泡沫崩溃、大萧条和新冠疫情期间都得到了增加。</p>
<p>这里的主要故事是 Realty Income 的单租户净租赁模式。净租赁要求租户支付大部分物业相关费用。虽然任何单一物业的风险较高，因为只有一个租户，但在大型投资组合中，风险相对较低。这是因为 Realty Income 避免了维护其物业所需的成本和精力。</p>
<p>Realty Income 是最大的净租赁 REIT，拥有超过 15,500 处物业。其资产绝大多数为零售物业，占其租金的约 80%。单租户零售物业往往非常相似，使其易于购买、出售和重新出租。</p>
<p>剩余的 20% 租金来自工业资产和一些不寻常的物业，如赌场和数据中心。这为组合增加了一些多样性，此外还有大约 18% 的租金来自欧洲。最近，Realty Income 已同意收购，将其扩展到墨西哥。</p>
<p>这家保守经营的 REIT 基本上是为了成为一个无聊的、多元化的分红机器而建立的。考虑到其股票目前比 2022 年的高点低 20%，现在是购买的好时机。如果你考虑的是几十年而不是几天，那是一个不容忽视的吸引入场点。五百美元可以让你购买八股 Realty Income 的股票。</p>
<h2>百事滞后，这对你有利</h2>
<p>百事的股票从 2023 年的高点下跌了超过 25%。4% 的股息收益率接近公司历史上的最高水平。公平地说，这家食品和饮料制造商目前并没有全面发力，因此投资者只是对其近期的财务表现做出反应。然而，百事也是行业领导者和分红之王。</p>
<p>百事的饮料、零食和包装食品业务，实际上是全球最大的消费品运营之一。它拥有强大的品牌组合、分销能力、市场营销专业知识和创新能力，能够与任何竞争对手相抗衡。一个在好时坏时都能良好运作的强大商业模式，使其成功建立了超过 50 年的年度分红增长记录。毫无疑问，这是一家非常优秀的企业。它只是正在经历一些困难时期。</p>
<p>每家公司都会经历这样的情况。长期赢家会找到办法度过难关。百事目前正在努力实现这一目标。例如，它正在收购与消费者产生共鸣的新品牌。它还与一位激进投资者合作，以振兴业务，这可能包括调整其饮料业务模式，使其更类似于行业领导者 <strong>可口可乐</strong> 的模式。</p>
<p>问题在于，百事正在采取的措施并不是短期的解决方案，而这正是华尔街真正想看到的。百事正在做出以长期为重心的战略决策。如果你考虑的是几十年而不是几天，这应该是你耳边的美妙乐曲。这可能是你在百事看起来极其便宜时购买这家高收益分红之王的机会，500 美元的投资可以让你获得三股。</p>
<h2>不要等太久——投资者最终会意识到</h2>
<p>短期价格失调，例如在 Realty Income 和百事身上似乎出现的情况，通常不会永远持续。随着这些行业领导者再次证明他们的领导地位，投资者往往会回归并购买股票。这就是为什么你要花时间去了解它们。如果你等太久，可能会错过在 Realty Income 和百事看起来像是打折时购买的机会。</p>
<h2>你现在应该购买 Realty Income 的股票吗？</h2>
<p>在你购买 Realty Income 的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Realty Income 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1,000 美元，<strong>你将拥有 487,089 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1,000 美元，<strong>你将拥有 1,139,053 美元</strong>！*</p>
<p>现在值得注意的是 <em>Stock Advisor</em> 的总平均回报率为 970%——相比于标准普尔 500 指数的 197% 的市场超额收益。<strong>不要错过最新的前 10 名名单，随时可通过 <em>Stock Advisor</em> 获取，并加入一个由个人投资者为个人投资者建立的投资社区。</strong></p>
<p><strong>查看 10 只股票 »</strong></p>
<p><em>* 股票顾问的回报截至 2026 年 1 月 15 日。</em></p>
<p><em>Reuben Gregg Brewer 持有百事和 Realty Income 的股份。The Motley Fool 持有并推荐 Realty Income。The Motley Fool 有披露政策。</em></p>
<p>手头有 500 美元？现在长期投资者应该购买的 2 只极其便宜的股票最初由 The Motley Fool 发布。</p>

百事

<p>投资者被鼓励将 Realty Income 和百事视为长期投资，因为它们目前的股价较低。Realty Income 是一家收益率为 5.5% 的房地产投资信托基金，较近期高点下跌了 20%，并且有 30 年的分红增长历史。百事作为 “分红之王”，股价下跌了 25%，收益率为 4%。尽管短期市场波动，这两家公司被视为关注长期增长的投资者的被低估机会</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>Investors who think long-term must avoid the Wall Street voting machine and focus on the value of a business.</li>
<li>Realty Income is down 20% from its recent highs, is offering a 5.5% yield, and has a 30-year history of annual dividend increases.</li>
<li>PepsiCo is down 25% from its recent highs, has a historically high 4% yield, and is a Dividend King.</li>
<li>10 stocks we like better than Realty Income ›</li>
</ul>
<div class="lb-trans"><ul>
<li>长期投资者必须避免华尔街的投票机器，专注于企业的价值。</li>
<li>Realty Income 从近期高点下跌了 20%，提供 5.5% 的收益率，并且有 30 年的年度分红增长历史。</li>
<li>百事从近期高点下跌了 25%，历史上收益率高达 4%，是分红之王。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>It is often suggested that Wall Street is efficient in the way it prices stocks. That's actually true over long periods of time, but over short periods, investors can be quite emotional. This emotionality can open up buying opportunities for investors who focus on the long term.</p>
<div class="lb-trans"><p>人们常常认为华尔街在定价股票方面是高效的。这在长期内确实是正确的，但在短期内，投资者可能会非常情绪化。这种情绪化可能为专注于长期的投资者打开购买机会。</p>
</div><p>Right now could be a good time to take a contrarian stance and buy <strong>Realty Income</strong>(NYSE: O) and <strong>PepsiCo</strong>(NASDAQ: PEP), which both appear to be trading at absurdly cheap prices. Here's why you might want to go against the crowd.</p>
<div class="lb-trans"><p>现在可能是采取逆向立场，购买 <strong>Realty Income</strong>(NYSE: O) 和 <strong>PepsiCo</strong>(NASDAQ: PEP) 的好时机，这两者的交易价格看起来极其便宜。以下是你可能想要逆势而为的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Realty Income has a proven model</h2>
<div class="lb-trans"><h2>Realty Income 有一个经过验证的模型</h2>
</div><p>Realty Income has increased its monthly pay dividend every year for 30 consecutive years. That's an impressive streak and highlights the consistency of this 5.5%-yielding real estate investment trust (REIT). The dividend was increased right through the dot-com crash, the Great Recession, and the coronavirus pandemic.</p>
<div class="lb-trans"><p>Realty Income 每年增加其每月支付的股息，已经连续 30 年。这是一个令人印象深刻的记录，突显了这家 5.5% 收益率的房地产投资信托基金（REIT）的稳定性。股息在互联网泡沫崩溃、大萧条和新冠疫情期间都得到了增加。</p>
</div><p>The big story here is Realty Income's single-tenant net lease approach. A net lease requires the tenant to pay for most property-level expenses. While any single property is high-risk because there is only one tenant, across a large portfolio, the risk is relatively low. That's because Realty Income avoids the cost and effort involved with maintaining its properties.</p>
<div class="lb-trans"><p>这里的主要故事是 Realty Income 的单租户净租赁模式。净租赁要求租户支付大部分物业相关费用。虽然任何单一物业的风险较高，因为只有一个租户，但在大型投资组合中，风险相对较低。这是因为 Realty Income 避免了维护其物业所需的成本和精力。</p>
</div><p>Realty Income is the largest net lease REIT, with a portfolio of more than 15,500 properties.The vast majority of its assets are retail, accounting for approximately 80% of its rents. Single-tenant retail properties tend to be very similar, making them easy to buy, sell, and re-lease.</p>
<div class="lb-trans"><p>Realty Income 是最大的净租赁 REIT，拥有超过 15,500 处物业。其资产绝大多数为零售物业，占其租金的约 80%。单租户零售物业往往非常相似，使其易于购买、出售和重新出租。</p>
</div><p>The remaining 20% of rents comes from industrial assets and more unusual properties, such as casinos and data centers. This adds some diversification to the mix, which is further augmented by the roughly 18% of rents that come from Europe. More recently, Realty Income has agreed to an acquisition that will see it expand into Mexico.</p>
<div class="lb-trans"><p>剩余的 20% 租金来自工业资产和一些不寻常的物业，如赌场和数据中心。这为组合增加了一些多样性，此外还有大约 18% 的租金来自欧洲。最近，Realty Income 已同意收购，将其扩展到墨西哥。</p>
</div><p>The conservatively run REIT is basically built to be a boring, diversified dividend machine. It's currently a great time to consider buying it, given that the shares are 20% below their 2022 highs. If you think in decades and not days, that's too attractive an entry point to ignore. Five hundred dollars will let you buy eight shares of Realty Income.</p>
<div class="lb-trans"><p>这家保守经营的 REIT 基本上是为了成为一个无聊的、多元化的分红机器而建立的。考虑到其股票目前比 2022 年的高点低 20%，现在是购买的好时机。如果你考虑的是几十年而不是几天，那是一个不容忽视的吸引入场点。五百美元可以让你购买八股 Realty Income 的股票。</p>
</div><h2>PepsiCo is lagging, and that's good for you</h2>
<div class="lb-trans"><h2>百事滞后，这对你有利</h2>
</div><p>PepsiCo's stock is down more than 25% from its 2023 highs. The 4% dividend yield is near the highest levels in the company's history. To be fair, this food and beverage maker isn't hitting on all cylinders right now, so investors are just reacting to its recent financial performance. However, PepsiCo is also an industry leader and a Dividend King.</p>
<div class="lb-trans"><p>百事的股票从 2023 年的高点下跌了超过 25%。4% 的股息收益率接近公司历史上的最高水平。公平地说，这家食品和饮料制造商目前并没有全面发力，因此投资者只是对其近期的财务表现做出反应。然而，百事也是行业领导者和分红之王。</p>
</div><p>PepsiCo's beverage, snack, and packaged food business is, literally, one of the world's largest consumer staples operations. It boasts a strong brand portfolio, distribution capabilities, marketing expertise, and innovation skills that rival any competitor. A strong business model that's executed well in both good times and bad is how it managed to build an over-50-year streak of annual dividend growth. It is, without question, a very good business. It's just going through some hard times right now.</p>
<div class="lb-trans"><p>百事的饮料、零食和包装食品业务，实际上是全球最大的消费品运营之一。它拥有强大的品牌组合、分销能力、市场营销专业知识和创新能力，能够与任何竞争对手相抗衡。一个在好时坏时都能良好运作的强大商业模式，使其成功建立了超过 50 年的年度分红增长记录。毫无疑问，这是一家非常优秀的企业。它只是正在经历一些困难时期。</p>
</div><p>That happens to every company. The long-term winners figure out a way to muddle through to better days. PepsiCo is working on that right now. For example, it has been acquiring new brands that resonate well with consumers. It's also working with an activist investor to reinvigorate the business, which may include adjusting its beverage business model to make it more similar to that of industry leader <strong>Coca-Cola</strong>.</p>
<div class="lb-trans"><p>每家公司都会经历这样的情况。长期赢家会找到办法度过难关。百事目前正在努力实现这一目标。例如，它正在收购与消费者产生共鸣的新品牌。它还与一位激进投资者合作，以振兴业务，这可能包括调整其饮料业务模式，使其更类似于行业领导者 <strong>可口可乐</strong> 的模式。</p>
</div><p>The problem is that the moves PepsiCo is making aren't short-term fixes, which is what Wall Street really wants to see. PepsiCo is making strategic decisions with a long-term focus. If you think in decades and not days, that should be music to your ears. This could be your chance to buy a high-yield Dividend King while it appears absurdly cheap, with a $500 investment netting you three shares.</p>
<div class="lb-trans"><p>问题在于，百事正在采取的措施并不是短期的解决方案，而这正是华尔街真正想看到的。百事正在做出以长期为重心的战略决策。如果你考虑的是几十年而不是几天，这应该是你耳边的美妙乐曲。这可能是你在百事看起来极其便宜时购买这家高收益分红之王的机会，500 美元的投资可以让你获得三股。</p>
</div><h2>Don't wait too long -- investors will eventually catch on</h2>
<div class="lb-trans"><h2>不要等太久——投资者最终会意识到</h2>
</div><p>Short-term price dislocations, such as the ones that appear to have taken shape at Realty Income and PepsiCo, usually don't last forever. As companies like these two industry leaders prove again why they are leaders, investors tend to come back and buy the stock. That's why you'll want to take the time to get to know them. If you wait too long, you may miss the opportunity to buy Realty Income and PepsiCo while they look like they are on sale.</p>
<div class="lb-trans"><p>短期价格失调，例如在 Realty Income 和百事身上似乎出现的情况，通常不会永远持续。随着这些行业领导者再次证明他们的领导地位，投资者往往会回归并购买股票。这就是为什么你要花时间去了解它们。如果你等太久，可能会错过在 Realty Income 和百事看起来像是打折时购买的机会。</p>
</div><h2>Should you buy stock in Realty Income right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 Realty Income 的股票吗？</h2>
</div><p>Before you buy stock in Realty Income, consider this:</p>
<div class="lb-trans"><p>在你购买 Realty Income 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Realty Income wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Realty Income 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $487,089</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,139,053</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1,000 美元，<strong>你将拥有 487,089 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1,000 美元，<strong>你将拥有 1,139,053 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 970% — a market-crushing outperformance compared to 197% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是 <em>Stock Advisor</em> 的总平均回报率为 970%——相比于标准普尔 500 指数的 197% 的市场超额收益。<strong>不要错过最新的前 10 名名单，随时可通过 <em>Stock Advisor</em> 获取，并加入一个由个人投资者为个人投资者建立的投资社区。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of January 15, 2026.</em></p>
<div class="lb-trans"><p><em>* 股票顾问的回报截至 2026 年 1 月 15 日。</em></p>
</div><p><em>Reuben Gregg Brewer has positions in PepsiCo and Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Reuben Gregg Brewer 持有百事和 Realty Income 的股份。The Motley Fool 持有并推荐 Realty Income。The Motley Fool 有披露政策。</em></p>
</div><p>Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now was originally published by The Motley Fool</p>
<div class="lb-trans"><p>手头有 500 美元？现在长期投资者应该购买的 2 只极其便宜的股票最初由 The Motley Fool 发布。</p>
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有 500 美元吗？长期投资者现在应该购买的两只非常便宜的股票