5 Dividend Aristocrats to Buy for 2022

4. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22

Dividend Yield: 4.41%

Number of Years of Consecutive Dividend Growth: 26

Realty Income Corporation (NYSE:O) reported its Q3 results on November 1. EPS in the quarter came in at $0.38, in line with analysts’ estimates. Revenue over the period jumped 26.70% year-over-year to $486.34 million, exceeding estimates by $27.36 million. 

Realty Income Corporation (NYSE:O) has increased its dividend 113 times since the company became publicly listed in 1994, and its monthly dividends are supported by the income from more than 7,000 real estate properties owned by the REIT under long-term lease agreements with commercial customers, making it one of the best dividend aristocrats to buy for 2022.

Mizuho analyst Haendel St. Juste on November 30 raised the price target on Realty Income Corporation (NYSE:O) to $82 from $81 and kept a Buy rating on the shares, stating increased competition for assets and the feasible macro environment for real estate.

Israel Englander’s Millennium Management is the largest Realty Income Corporation (NYSE:O) stakeholder as of Q3 2021, with 934,068 shares valued at $60.5 million. Overall, 22 hedge funds in the database of Insider Monkey were bullish on Realty Income Corporation (NYSE:O), with total stakes worth $275 million.