Goldman Sachs REIT Stocks: Top 12 Stock Picks

6. Realty Income Corporation (NYSE:O)

Goldman Sachs Stake as of Q1 2025: $376,075,898

Number of Hedge Funds Holding: 32

Realty Income Corporation (NYSE:O) is one of Goldman Sachs’ top REIT stock picks. On July 15, Stifel reaffirmed its Buy rating on Realty Income (NYSE:O), keeping the price target steady at $68.

Stifel maintained its 2027 AFFO estimate at $4.52 for Realty Income. The company previously guided 2025 AFFO between $4.22 and $4.28, reflecting modest growth, and is targeting $4.0 billion in acquisitions. Stifel expects this guidance to be revised upward following Realty Income’s second-quarter earnings release.

Realty Income Corporation (NYSE:O) is a real estate investment trust specializing in single-tenant commercial properties. By year-end 2024, its portfolio spanned 15,621 locations across the United States, United Kingdom, and multiple European Union nations. The $53 billion retail REIT continues to attract investor attention with its reliable 5.5% dividend yield and a 32-year track record of uninterrupted payouts.