In this article, we will be looking at the 5 best REIT stocks with high dividend yields. To see our detailed analysis of REITs and dividend investing, you can go directly to the 10 Best REIT Stocks with High Dividend Yields.
5. One Liberty Properties, Inc. (NYSE: OLP)
Number of Hedge Fund Holders: 8
Dividend Yield: 6.2%
One Liberty Properties, Inc. (NYSE: OLP) is a real statement investment trust that is self-administered and self-managed and acquires, owns, and manages industrial, retail, restaurant, health and fitness, and theater properties. It ranks 5th on our list of the best REIT stocks with high dividend yields.
This June, Aegis analyst Brian Hollenden commenced coverage of One Liberty Properties, Inc. (NYSE: OLP) shares with a Buy rating and a $32 price target.
In the first quarter of 2021, One Liberty Properties, Inc. (NYSE: OLP) had an FFO of $0.42, surpassing the previous quarter’s FFO of $0.32. The company’s revenue was $20.68 million, also higher than the $18.72 million revenue of the previous quarter. One Liberty Properties, Inc. (NYSE: OLP) has also gained about 41.15% in the past 6 months and 50.71% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in One Liberty Properties, Inc. (NYSE: OLP) worth roughly $29.01 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of about $26.9 million.
4. Alexander’s, Inc. (NYSE: ALX)
Number of Hedge Fund Holders: 7
Dividend Yield: 6.4%
Alexander’s, Inc. (NYSE: ALX) is a company operating in the retail REITs industry and has seven properties to manage in the New York City metropolitan area. The stock ranks 4th on our list of the best REIT stocks with high dividend yields.
Piper Sandler has a Neutral rating on Alexander’s, Inc. (NYSE: ALX) shares with a raised price target of $280.
In the first quarter of 2021, Alexander’s, Inc. (NYSE: ALX) had an FFO of $5.03, beating estimates by $0.01. The company’s revenue was $56.15 million, up 3.78% year over year and beating estimates by $1.85 million. Alexander’s, Inc. (NYSE: ALX) has also gained about 12.14% in the past year.
By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Alexander’s, Inc. (NYSE: ALX) worth roughly $106 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of about $109 million.
3. Omega Healthcare Investors, Inc. (NYSE: OHI)
Number of Hedge Fund Holders: 25
Dividend Yield: 7.3%
Omega Healthcare Investors, Inc. (NYSE: OHI) invests in the long-term healthcare industry and thus is a real estate investment trust operating in the healthcare REITs industry. It ranks 3rd on our list of the best REIT stocks with high dividend yields.
This June, Mizuho analyst Haendel St. Juste took over coverage of Omega Healthcare Investors, Inc. (NYSE: OHI) shares with a Neutral rating and a $39 price target.
In the first quarter of 2021, Omega Healthcare Investors, Inc. (NYSE: OHI) had an FFO of $0.85, beating estimates by $0.03. The company’s revenue was $234.82 million, up 7.66% year over year and beating estimates by $11.64 million. Omega Healthcare Investors, Inc. (NYSE: OHI) has also gained about 4.57% in the past 6 months and 6.42% year to date.
By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in Omega Healthcare Investors, Inc. (NYSE: OHI) worth roughly $190 million. This is compared to hedge 15 funds in the previous quarter with a total stake value of about $101 million.
2. Starwood Property Trust, Inc. (NYSE: STWD)
Number of Hedge Fund Holders: 10
Dividend Yield: 7.3%
Starwood Property Trust, Inc. (NYSE: STWD) is a real estate investment trust operating in the US and Europe through its Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. It ranks 2nd on our list of the best REIT stocks with high dividend yields.
This May, JPMorgan raised its price target on Starwood Property Trust, Inc. (NYSE: STWD) shares from $25 to $26, keeping its Overweight rating on the stock in light of positive Q1 results.
In the first quarter of 2021, Starwood Property Trust, Inc. (NYSE: STWD) had an FFO of $0.50, beating estimates by $0.01. The company’s revenue was $287.23 million, missing estimates by $3.43 million. Starwood Property Trust, Inc. (NYSE: STWD) has also gained about 35.20% in the past 6 months and 38.12% year to date.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Starwood Property Trust, Inc. (NYSE: STWD) worth roughly $176 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of about $144 million.
1. Ellington Residential Mortgage REIT (NYSE: EARN)
Number of Hedge Fund Holders: 4
Dividend Yield: 9.4%
Ellington Residential Mortgage REIT (NYSE: EARN) is a real estate investment trust specializing in the acquisition, investment, and managing of residential mortgage and real estate-related assets. The company ranks 1st on our list of the best REIT stocks with high dividend yields.
BTIG has a Buy rating on Ellington Residential Mortgage REIT (NYSE: EARN), alongside a $13.25 price target set by analyst Eric Hagen.
In the first quarter of 2021, Ellington Residential Mortgage REIT (NYSE: EARN) had an FFO of $0.31, missing estimates by $0.02. The company’s revenue was $5.75 million, up 52.18% year over year and beating estimates by $0.41 million. Ellington Residential Mortgage REIT (NYSE: EARN) has also gained about 5.46% in the past year.
By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ellington Residential Mortgage REIT (NYSE: EARN) worth roughly $11.1 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of about $13.05 million.
You can also take a peek at 10 Best Real Estate Stocks To Buy Now and 10 Best American Dividend Stocks to Invest In.
