5 Best Dividend Stocks on Robinhood

4. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22
Dividend Yield as of June 6: 4.39%

Realty Income Corporation (NYSE:O) is an American real estate investment trust that invests in commercial properties in the US, Spain, and UK. In March, the company raised its monthly dividend by 0.2% to $0.247 per share. Realty Income Corporation (NYSE:O) has raised its dividend 115 times throughout its 53-year operating history, coming through as one of the best dividend stocks. As of June 6, the stock’s dividend yield came to be recorded at 4.39%.

In Q1 2022, Realty Income Corporation (NYSE:O) posted an FFO of $0.98, beating analysts’ expectations by $0.01. The company’s revenue for the quarter represented an 82.3% year-over-year growth and beat estimates by $58.6 million. Moreover, during the quarter, Realty Income Corporation (NYSE:O) also invested over $1.56 billion in 213 properties, taking the total to 11,288 properties in different countries.

In May, Wolfe Research set a $73 price target on Realty Income Corporation (NYSE:O), while downgrading it to Peer Perform as the sector lacks repricing power due to high inflation.

Matthew Barrett’s Glendon Capital Management was the largest shareholder of Realty Income Corporation (NYSE:O) in Q1 2022, owning stakes over $128.6 million. Overall, the number of hedge funds tracked by Insider Monkey owning stakes in the company stood at 22 at the end of March 2022, down from 30 in the previous quarter. These stakes hold a consolidated value of roughly $285 million, compared with nearly $400 million worth of stakes held by hedge funds in Q4 2021.