In this article, we will be looking at 5 real estate dividend stocks to buy in August 2021. If you want to see our detailed analysis of the real estate industry, you can go directly to the 10 Real Estate Dividend Stocks to Buy in August 2021.
5. National Retail Properties, Inc. (NYSE: NNN)
Number of Hedge Fund Holders: 22
Dividend Yield: 4.4%
National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust company that specializes in investing in high-quality properties with long-term NNN leases, ranks 5th on our list of real estate dividend stocks to buy in August 2021. The company is based in Florida.
This July, Wells Fargo’s Todd Stender raised his price target on National Retail Properties, Inc. (NYSE: NNN) shares from $44 to $50 alongside retaining an Equal Weight rating on the stock.
In the second quarter of 2021, National Retail Properties, Inc. (NYSE: NNN) had an FFO of $0.70, beating estimates by $0.02. The company’s revenue was $179.01 million, up 9.35% year over year and also beating estimates by $2.01 million. National Retail Properties, Inc. (NYSE: NNN) has also gained 19.41% in the past 6 months and 22.9% year to date.
By the end of the first quarter of 2021, 22 hedge funds out of the 866 tracked by Insider Monkey held stakes in National Retail Properties, Inc. (NYSE: NNN) worth roughly $289 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $306 million.
4. Vornado Realty Trust (NYSE: VNO)
Number of Hedge Fund Holders: 25
Dividend Yield: 4.9%
Vornado Realty Trust (NYSE: VNO) is next on our list of real estate dividend stocks to buy in August 2021 and ranks 4th. The company is a Maryland-founded REIT now based in New York and invests in office buildings and street retail in Manhattan.
BMO Capital reiterated an Outperform rating on shares of Vornado Realty Trust (NYSE: VNO) this August. Analyst John Kim also kept a $52 price target on the shares, commenting that Vornado Realty Trust (NYSE: VNO) is holding “steady” despite facing weak demand.
In the second quarter of 2021, Vornado Realty Trust (NYSE: VNO) had an FFO of $0.80, beating estimates by $0.09. The company’s revenue was $378.94 million, up 10.47% year over year and also beating estimates by $41,000. Vornado Realty Trust (NYSE: VNO) has also gained 13.48% in the past 6 months and 15.74% 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 Vornado Realty Trust (NYSE: VNO) worth roughly $216 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $178 million.
3. Omega Healthcare Investors, Inc. (NYSE: OHI)
Number of Hedge Fund Holders: 25
Dividend Yield: 7.4%
Omega Healthcare Investors, Inc. (NYSE: OHI), a triple-net equity REIT ranks 3rd on our list of real estate dividend stocks to buy in August 2021. The company finances and offers capital to Skilled Nursing Facility and Assisted Living Facility operators.
This July, Mizuho’d Haendel St. Juste took over coverage of shares of Omega Healthcare Investors, Inc. (NYSE: OHI) with a Neutral rating. The analyst also placed a $39 price target on the stock.
In the second quarter of 2021, Omega Healthcare Investors, Inc. (NYSE: OHI) had an FFO of $0.85, beating estimates by $0.02. The company’s revenue was $218 million, up 0.27% year over year but missing estimates by $17.89 million. Omega Healthcare Investors, Inc. (NYSE: OHI) has also gained 9.3% in the past year.
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 15 hedge funds in the previous quarter with a total stake value of approximately $101 million.
2. American Campus Communities, Inc. (NYSE: ACC)
Number of Hedge Fund Holders: 26
Dividend Yield: 3.7%
American Campus Communities, Inc. (NYSE: ACC) is based in Austin, Texas, and ranks 2nd on our list of real estate dividend stocks to buy in August 2021. The company is the largest developer and manager of student housing communities in the US and was founded in 1993.
Piper Sandler’s Alexander Goldfarb upgraded shares of American Campus Communities, Inc. (NYSE: ACC) this May from Neutral to Overweight. The analyst also raised his price target on American Campus Communities, Inc. (NYSE: ACC) shares from $48 to $55.
In the second quarter of 2021, American Campus Communities, Inc. (NYSE: ACC) had an FFO of $0.42, beating estimates by $0.05. The company’s revenue was $199.62 million, up 12.66% year over year and also beating estimates by $10.91 million. American Campus Communities, Inc. (NYSE: ACC) has also gained 15.76% in the past 6 months and 20.92% year to date.
By the end of the first quarter of 2021, 26 hedge funds out of the 866 tracked by Insider Monkey held stakes in American Campus Communities, Inc. (NYSE: ACC) worth roughly $231 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $242 million.
1. UDR, Inc. (NYSE: UDR)
Number of Hedge Fund Holders: 30
Dividend Yield: 2.6%
UDR, Inc. (NYSE: UDR), a publicly-traded REIT, invests in apartments in the US and ranks 1st on our list of real estate dividend stocks to buy in August 2021. The company is based in Colorado and as of December 2020, was operating and owned interests in about 149 apartment communities made up of roughly 48,283 apartment units.
Keybanc’s Jordan Sadler raised his price target on shares of UDR, Inc. (NYSE: UDR) just this July. The new price target is $55, up from the previous target of $46, and Sadler also reiterated his Overweight rating on UDR, Inc. (NYSE: UDR) shares.
In the second quarter of 2021, UDR, Inc. (NYSE: UDR) had an FFO of $0.49, in line with estimates. The company’s revenue was $309.12 million, up 1.02% year over year and also beating estimates by $5.26 million. UDR, Inc. (NYSE: UDR) has also gained 37.38% in the past 6 months and 49.39% year to date.
By the end of the first quarter of 2021, 30 hedge funds out of the 866 tracked by Insider Monkey held stakes in UDR, Inc. (NYSE: UDR) worth roughly $312 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $482 million.
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