5 Best Monthly Dividend Stocks to Buy According to Analysts

In this article, we discuss 5 best monthly dividend stocks to buy according to analysts. If you want to read our detailed discussion on dividend stocks and their performance over the years, go directly to read 14 Best Monthly Dividend Stocks to Buy According to Analysts. 

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22
Upside Potential as of August 6: 21.02%

Realty Income Corporation (NYSE:O) holds one of the longest dividend growth streaks in the REIT sector, raising its dividends consistently for the past 29 years. It offers a monthly dividend of $0.2555 per share, having raised it by 0.2% in June this year. As of August 6, the stock has a dividend yield of 5.07%.

As of the close of Q1 2023, 22 hedge funds tracked by Insider Monkey reported having stakes in Realty Income Corporation (NYSE:O), down from 24 in the previous quarter. These stakes have a collective value of over $325.7 million.

4. Modiv Inc. (NYSE:MDV)

Number of Hedge Fund Holders: 1
Upside Potential as of August 6: 23.08%

Modiv Inc. (NYSE:MDV) is a Nevada-based real estate investment trust company that allows regular people to invest directly in a bundle of commercial real estate properties that make money, all without any middlemen. In the first quarter of 2023, the company reported a 7.3% year-over-year growth in its revenue at $10.3 million. The company ended the quarter with over $13.2 million in cash and cash equivalents, up from $8.6 million at the end of December 2022.

Modiv Inc. (NYSE:MDV) started paying dividends in February 2022 and has paid regular dividends to shareholders since then. It currently pays a monthly dividend of $0.0958 per share and has a dividend yield of 8.74%, as of August 6. With an upside potential of 23.08%, MDV is one of the best dividend stocks on our list.

At the end of Q1 2023, 1 hedge fund in Insider Monkey’s database reported having stakes in Modiv Inc. (NYSE:MDV), worth $115,000.

3. Gladstone Commercial Corporation (NASDAQ:GOOD)

Number of Hedge Fund Holders: 7
Upside Potential as of August 6: 24.6%

Gladstone Commercial Corporation (NASDAQ:GOOD) is a real estate investment trust that primarily focuses on owning and managing a portfolio of commercial real estate properties. The company’s main objective is to generate rental income and capital appreciation from its real estate holdings.

In the first quarter of 2023, Gladstone Commercial Corporation (NASDAQ:GOOD) reported revenue of $36.5 million, which showed a 3% growth from the same period last year. The company’s net income also jumped to $2.4 million during the quarter, from $1.8 million in the previous quarter.

Gladstone Commercial Corporation (NASDAQ:GOOD) currently pays a monthly dividend of $0.10 per share and has a dividend yield of 9.06%, as recorded on August 6.

According to Insider Monkey’s database of Q1 2023, 7 hedge funds in Insider Monkey’s database held investments in Gladstone Commercial Corporation (NASDAQ:GOOD), up from 6 a quarter earlier. The total value of these stakes is nearly $30 million.

2. Generation Income Properties, Inc. (NASDAQ:GIPR)

Number of Hedge Fund Holders: 1
Upside Potential as of August 6: 44.9%

Generation Income Properties, Inc. (NASDAQ:GIPR) is an American real estate investment trust company, based in Florida. The company focuses on obtaining and overseeing a varied collection of premium single-tenant properties, considering their long-term value and potential across generations.

On July 12, Generation Income Properties, Inc. (NASDAQ:GIPR) declared a monthly dividend of $0.039 per share, which was in line with its previous dividend. The company has been paying regular monthly dividends to shareholders since 2019, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on August 6 came in at 11.30%.

Only one hedge fund in Insider Monkey’s database owned a stake in Generation Income Properties, Inc. (NASDAQ:GIPR) at the end of Q1 2023, worth $53,000.

1. Apple Hospitality REIT, Inc. (NYSE:APLE)

Number of Hedge Fund Holders: 18
Upside Potential as of August 6: 23.8%

Apple Hospitality REIT, Inc. (NYSE:APLE), an American real estate investment trust company, pays a monthly dividend of $0.08 per share. The company has raised its dividends twice after recovering from the pandemic-induced losses. The stock’s dividend yield on August 6 came in at 6.39%.

Apple Hospitality REIT, Inc. (NYSE:APLE) was a part of 18 hedge fund portfolios at the end of Q1 2023, according to Insider Monkey’s database. The stakes owned by these hedge funds are collectively worth over $112.2 million.

You can also take a look at 12 Best Summer Stocks To Buy Now and 10 Recent IPOs in 2023 to Consider

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