The company prefers to invest in air freight and logistics; auto components; building products; chemicals; commercial services; computers; construction and engineering; consumer finance and consumer services; electronic equipment; energy equipment and services; financial services; health care equipment; health care providers; hotels, restaurants and leisure; internet software and services; IT Services; machinery; oil, gas and consumable fuels; paper and forest products; professional and industrial services; road and rail; software; specialty retail; telecommunication; consumer discretionary; energy; materials; technology; and transportation.
Investors receive a 6.02% dividend. Raymond James has set a $47 price target. That compares with the $44.25 consensus target and Tuesday’s closing print of $42.22.
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2022. 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 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since its public listing in 1994. It is a member of the S&P 500 Dividend Aristocrats index.
Realty Income stock investors receive a 4.44% distribution. The Goldman Sachs price objective of $87 is well above the $77.94 consensus target and the $66.04 close on Tuesday.
Adding some of these top stocks to a growth and income portfolio now makes very good sense. They offer dependable monthly income, real estate is an attractive asset class during times of inflation like we are experiencing now, and with an overbought and volatile stock market, these stocks probably will hold up better than crowded technology or momentum stocks.
It is important to note the REIT distributions may contain return of principal in their income distributions.
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