5 Best No-Fee DRIP Stocks to Buy Now

3. Realty Income Corporation (NYSE: O)

Number of Hedge Fund Holders: 23
Dividend Yield: 3.93%

Realty Income Corporation (NYSE: O), a real estate investment trust and S&P 500 company focused on providing investors with stable monthly income through dividends, is 3rd on our list of the best no-fee DRIP stocks to buy now. The company is based in California.

Andrew Rosivach, an analyst at Wolfe Research, began covering shares of Realty Income Corporation (NYSE: O) this June with a Peer Perform rating and a $79 price target.

In the second quarter of 2021, Realty Income Corporation (NYSE: O) had an FFO of $0.88, beating estimates by $0.01. The company’s revenue was $464.28 million, up 19.28% year over year and beating estimates by $31.06 million. Realty Income Corporation (NYSE: O) has gained 15.28% in the past 6 months and 20.13% year to date.

By the end of the second quarter of 2021, 23 hedge funds out of the 873 tracked by Insider Monkey held stakes in Realty Income Corporation (NYSE: O) worth roughly $221 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $183 million.