• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Realty Income (O)

Realty Income is a REIT with a portfolio of over 11,000 properties that are under long-term lease agreements.

Its top tenants include big names like Walmart, CVS Pharmacy, and Walgreens — companies that have survived and thrived through thick and thin.

In fact, the REIT claims that it collects around 43% of its total rent from investment-grade tenants. A diversified, high-quality tenant base allows Realty Income to pay reliable dividends.

Moreover, while most dividend-paying companies follow a quarterly distribution schedule, Realty Income pays its shareholders every month.

The stock currently yields 4.7%.

Jefferies analyst Jonathan Petersen has a ‘buy’ rating on Realty Income and a price target of $78 — roughly 23% above where the stock sits today.

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Get Started

W. P. Carey (WPC)

W. P. Carey is another generous dividend-payer from the REIT space. The company recently raised its quarterly dividend rate to $1.061 per share, which translates to an annual yield of 5.1%.

To put things in perspective, the average S&P 500 company yields just 1.6% at the moment.

Those dividends are backed by a portfolio of 1,357 properties totaling approximately 161 million square feet. The company has invested in industrial, warehouse, office, retail, and self-storage properties subject to long-term lease agreements with built-in rent escalators.

While the broad market is deep in the red year to date, W. P. Carey shares are actually up about 3% in 2022.

Raymond James analyst RJ Milligan expects the trend to continue. The analyst has an ‘outperform’ rating on W. P. Carey and a price target of $95 — implying a potential upside of 14% from the current levels.

Sponsored

Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.