5 High Growth Real Estate Stocks that are Profitable

4. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 28

Realty Income Corporation (NYSE:O) is perhaps one of the most famous dividend stocks in the market. It’s a monthly dividend-paying company that has upped its dividends for 27 years without a break. During the third quarter of 2022, Realty Income Corporation (NYSE:O)’s revenue grew by about 71% to come in at $837.3 million, beating estimates by $27.03 million. FFO in the quarter came in at $0.98, missing estimates by $0.01. As of the end of the third quarter, Realty Income Corporation (NYSE:O)’s portfolio had 11,733 properties. Its portfolio occupancy was 98.9%.

In December, it declared a $0.248 per share monthly dividend. The dividend showed a 0.2% increase from the prior dividend of $0.248.

Hedge funds also piled into this monthly dividend stock in 2022 amid recession fears. A total of 28 hedge funds among the 920 elite funds tracked by Insider Monkey had stakes in Realty Income Corporation (NYSE:O) at the end of the third quarter of 2022, up from 19 funds in the previous quarter.