Jim Cramer’s Thoughts on These 7 Stocks

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 36

Inquiring about Realty Income Corporation (NYSE:O), a caller asked if it was too early to get back into real estate investment trusts (REITs). Here’s what Cramer had to say in response:

“No, absolutely not. I went over that quarter with a fine-tooth comb. I know the stock dropped down to the low 50s when they reported. I felt that there was an overreaction. I actually like the quarter, and I am still a buyer. Don’t forget, you get monthly dividend checks when you buy letter O, which is one of the reasons why I stand by it so, so much.”

Realty Income (NYSE:O) is a real estate investment trust that pays dividends each month. It focuses on net lease properties in different sectors. When Cramer was asked about the company earlier in April, he commented:

“Oh, Realty Income is absolutely right. Now, I know the last quarter, there were a couple of releases that people didn’t like. I looked into them, I felt very confident about it. You do get a monthly dividend there, and I think that letter O should be bought into this weakness.”