This is an ideal stock for growth and income investors looking for a safer idea for the rest of 2021. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.
To date, the company has declared 604 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 108 times since its public listing in 1994, and it is a member of the S&P 500 Dividend Aristocrats index.
Investors receive a 4.02% distribution. The Goldman Sachs price objective is $84, and Realty Income stock is on the firm’s Conviction List of top picks. The lower $73.43 consensus target price compares with Thursday’s $70.19 close.
This strong industrial REIT play offers solid upside potential. Stag Industrial Inc. (NYSE: STAG) is a self-managed full-service real estate company primarily focused on the acquisition, ownership and management of single-tenant, Class B warehouses in secondary markets across the United States. The company continues to focus on expansion of its acquisition platform to find acquisitions to grow the portfolio.
Top Wall Street analysts expect management to be aggressive acquirers over time, pursuing accretive deals in 2021 and beyond. The company should be able to drive meaningful earnings growth largely due to management’s ability to source and complete accretive acquisitions. Additionally, the in-place portfolio should deliver stable organic growth supported by healthy property-level fundamentals.
Investors receive a 3.93% distribution. Royal Bank of Canada just boosted its price target to $42 from $36. The posted consensus target is $34.25, and the shares closed most recently at $36.92.
These four top companies all pay reliable monthly dividends and their stocks have Buy ratings from some top firms on Wall Street. While not go-go momentum names that promise huge upside, what they do promise is making sure investors are paid on a more regular basis than most stocks and certainly bonds.
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