5 Best REIT Dividend Stocks To Buy for 2024

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In this article, we discuss 5 best REIT dividend stocks to buy for 2024. If you want to read our detailed analysis of the real estate investment trust (REIT) sector and its performance over the years, go directly to read 12 Best REIT Dividend Stocks To Buy for 2024

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 27

Realty Income Corporation (NYSE:O) specializes in owning and leasing commercial properties, primarily in the retail sector. The company holds a very strong dividend growth record, having raised its payouts 124 times since its IPO in 1994. It currently offers a monthly dividend of $0.257 per share and has a dividend yield of 5.92%, as of March 24.

The number of hedge funds tracked by Insider Monkey holding stakes in Realty Income Corporation (NYSE:O) grew to 27 in Q4 2023, from 23 in the previous quarter. The total value of these stakes is over $332.5 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q4.

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