5 Dividend Paying REIT Stocks To Buy Now

3. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22

Dividend Yield as of July 22: 4.21%

Realty Income Corporation (NYSE:O) invests in freestanding, single-tenant commercial properties in the United States, Spain, and the United Kingdom. As of July 22, Realty Income Corporation (NYSE:O) is offering a forward dividend yield of 4.21% and has trailing twelve-month free cash flows of $1.56 billion.

On July 12, Realty Income Corporation (NYSE:O) declared a monthly cash dividend of $0.2475 per share. The dividend is payable on August 15 to shareholders of record at the close of business on August 1.

Wall Street is bullish on Realty Income Corporation (NYSE:O). On June 22, Credit Suisse analyst Tayo Okusanya initiated coverage of Realty Income Corporation (NYSE:O) with an Outperform rating and a $75 price target. On June 30, Jefferies analyst Jonathan Petersen lowered his price target on Realty Income Corporation (NYSE:O) to $78 from $81 and reiterated a Buy rating on the shares.

Insider Monkey found 22 hedge funds bullish on Realty Income Corporation (NYSE:O) at the end of Q1 2022. The total stakes of these hedge funds amounted to $284.88 million. This is compared to 30 positions in the previous quarter with stakes of $398.85 million.

As of March 31, Glendon Capital Management owns over 1.8 million shares of Realy Income Corporation (NYSE:O) and is the largest shareholder in the company. The fund’s stakes in the REIT are valued at $128.68 million.