5 Best REIT Dividend Stocks To Buy for 2024

2. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 46

Prologis, Inc. (NYSE:PLD) is a California-based real estate investment trust company that specializes in logistics and distribution facilities. On February 22, the company declared a 10.3% hike in its quarterly dividend to $0.96 per share. This was the company’s 11th consecutive year of dividend growth, which makes PLD one of the best dividend stocks on our list. The stock has a dividend yield of 2.99%, as of March 25.

At the end of December 2023, 46 hedge funds tracked by Insider Monkey owned stakes in Prologis, Inc. (NYSE:PLD), down from 48 in the previous quarter. These stakes have a total value of over $678 million. Among these hedge funds, AEW Capital Management was the company’s leading stakeholder in Q4.

Follow Prologis Inc. (NYSE:PLD)