10 Best Safe Stocks To Buy According to Analysts

8. Realty Income Corporation (NYSE:O)

Analyst Upside as of December 9, 2024: 12%

10-Year Revenue Growth Rate: 18.7%

Number of Hedge Fund Holders: 23

Realty Income Corporation (NYSE:O) ranks eighth on our list of the safest stocks to buy according to analysts. The real estate partner invests in commercial real estate across the United States and several countries in Europe. The company is known to be a prominent dividend payer and since its public listing, Realty Income has delivered a compound average annual total shareholder return of 14.1%. In addition to that, the company grew its dividend at a CAGR of 4.3% since its listing and has declared 653 consecutive monthly dividends so far.

In addition to being a reliable dividend payer, Realty Income Corporation (NYSE:O) is also committed to capitalizing on its business strategies. In the third quarter of 2024, the company posted an investment volume of $740.1 million and has spent $48.5 billion in property volume since 2010. In the third quarter of 2024, the company generated net income worth $261.8 million and revenue worth $1.33 billion, up from $1.04 billion in the same quarter in 2023.

Overall, Realty Income Corporation (NYSE:O) owned or held nearly 15,500 properties by the end of September 30, 2024. These properties were leased to 1,552 clients spread across 90 industries. The company has a diversified portfolio which makes it a leader in the real estate sector. Analysts are also bullish on the stock and their median price target represents an upside of 12% from current levels.

Parnassus Investments stated the following regarding Realty Income Corporation (NYSE:O) in its Q3 2024 investor letter:

“Realty Income Corporation (NYSE:O) is poised to benefit from lower interest rates. Because its commercial tenants are mostly on 10-year leases, the stock’s steady dividend stream is attractive in the current environment of slow deceleration in the economy with rates coming down. In this favorable backdrop, the company also continues to execute well.”