5 REIT Stocks that Pay Monthly Dividends

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1. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 30

Dividend Yield as of April 22: 3.99%

Realty Income Corporation (NYSE:O) offers long-term lease agreements to commercial clients in the United States. It is an S&P 500 company that has increased its dividend 115 times since it publicly listed in 1994. Realty Income Corporation (NYSE:O)’s yield on April 22 stood at 3.99%. Wolfe Research analyst Andrew Rosivach upgraded Realty Income Corporation (NYSE:O) to Outperform from Peer Perform on March 15. 

On April 13, Realty Income Corporation (NYSE:O) declared a $0.247 per share monthly dividend. The dividend is distributable on May 13, to shareholders of the company as of May 2. 

Realty Income Corporation (NYSE:O) on April 1 priced its private placement offering of £140 million senior unsecured notes due 2030, £345 million senior unsecured notes due 2032, and £115 million senior unsecured notes due 2037. The notes have an average tenure of 10.5 years and weighted average fixed interest rate of 3.22%. 

According to Insider Monkey’s fourth quarter database, 30 hedge funds were bullish on Realty Income Corporation (NYSE:O), up from 22 funds in the preceding quarter. The total stakes held in Q4 2021 amounted to approximately $399 million. Matthew Barrett’s Glendon Capital Management is the largest shareholder of the company, with a position worth roughly $133 million.

You can also take a look at 10 Best Fortune 500 Stocks to Buy Now and 10 NFT Stocks to Buy According to Reddit.

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