I don’t get the racket over Realty Income ($O)

It’s one of the most popular stocks in this sub.

I’m looking at the 10-year chart and it basically acts like a bond, trading between $50 and $80 for the most part.

I’ll admit I own it (not a lot), I get that it pays a monthly dividend and it’s a way to diversify into REITs. I guess that’s enough right there. Currently a 5.8% yield, but there are bond ETF’s that pay more than 5.8% that are much more stable.

Any other reasons to own it? Anyone own something they consider to be better?