5 Best REIT Stocks To Buy Right Now

4. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 30

Then there’s Realty Income Corporation (NYSE:O), a real estate investment trust which manages a large portfolio of real estate properties across the United States. It leases out thousands of commercial properties to clients in long-term agreements, bringing in the cash flow required to power its monthly dividend payments to shareholders. It boasts the largest net lease of all REIT stocks and is known as a Dividend Aristocrat, having grown its dividend for 25 years in a row. The firm’s revenue for Q4 stood at $643.26 million, up 62.73% year-on-year.

In February, Realty Income Corporation (NYSE:O) acquired the real estate of Encore Boston Harbo Resort and Casino in a deal worth $1.7 billion with Wynn Resorts (WYNN) under a long-term net lease agreement. This stands as the firm’s first acquisition in the gaming industry. In March, Wolfe Research analyst Andrew Rosivach upgraded Realty Income Corporation (NYSE:O) to ‘Outperform’ from ‘Peer Perform’.

Investors were eager on the famous REIT stock in the fourth quarter, realizing the importance of holding dependable dividend-payers in uncertain times. 30 hedge funds were bullish on Realty Income Corporation (NYSE:O) stock in Q4, up from 22 hedge funds in the preceding quarter. The firm’s top shareholder in the fourth quarter of 2021 was Glendon Capital Management, which held 1.85 million shares valued at $132.93 million.