In this article, we will be taking a look at 5 real estate stocks that pay monthly dividends. To see our detailed analysis on the real estate industry, you can go directly to the 10 Real Estate Stocks that Pay Monthly Dividends.
5. Broadmark Realty Capital Inc. (NYSE: BRMK)
Number of Hedge Fund Holders: 12
Dividend Yield: 8.1%
Broadmark Realty Capital Inc. (NYSE: BRMK), based in Seattle, underwrites, funds, services, and manages a portfolio of short-term, first deed of trust loans to construct and invest in residential or commercial American properties. The company ranks 5th on our list of real estate stocks that pay monthly dividends.
B. Riley’s Matt Howlett assumed coverage of shares of Broadmark Realty Capital Inc. (NYSE: BRMK) with a Buy rating and a $12.50 price target just this April. Howlett also commented that mortgage REITs like Broadmark Realty Capital Inc. (NYSE: BRMK) can expect stronger tailwinds in the coming months with thawing credit and steepening yield curves.
In the first quarter of 2021, Broadmark Realty Capital Inc. (NYSE: BRMK) had an FFO of $0.18, missing estimates by $0.02. The company’s revenue was $29.47 million, also missing estimates by $2.80 million. Broadmark Realty Capital Inc. (NYSE: BRMK) has gained 4.75% year to date and 6.33% in the past year.
By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Broadmark Realty Capital Inc. (NYSE: BRMK) worth roughly $98.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $90.6 million.
White Brook Capital, an investment management firm, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK) in its first-quarter 2021 investor letter. Here’s what they said:
“Broadmark Realty, Inc (BRMK), was sold because of competition for capital from new positions and other investments in the portfolio. The company will continue to do fine, but better short and long-term investment opportunities were available.”
4. Dynex Capital, Inc. (NYSE: DX)
Number of Hedge Fund Holders: 10
Dividend Yield: 9
Dynex Capital, Inc. (NYSE: DX), a mortgage REIT investing in agency and non-agency mortgage-backed securities (MBS) in the US, ranks 4th on our list of real estate stocks that pay monthly dividends. The company’s investments are made up of residential and commercial MBS and commercial MBS interest-only securities.
Keefe Bruyette holds a Market Perform rating on shares of Dynex Capital, Inc. (NYSE: DX) while BTIG analysts hold a Buy rating on the stock.
In the second quarter of 2021, Dynex Capital, Inc. (NYSE: DX) had an FFO of $0.51, beating estimates by $0.04. The company’s revenue was $12.12 million, missing estimates by $2.96 million, however. Dynex Capital, Inc. (NYSE: DX) has gained 11.81% in the past year.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Dynex Capital, Inc. (NYSE: DX) worth roughly $23.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $15.1 million.
3. AGNC Investment Corp. (NASDAQ: AGNC)
Number of Hedge Fund Holders: 18
Dividend Yield: 9.1%
AGNC Investment Corp. (NASDAQ: AGNC) is an American REIT investing in residential mortgage pass-through securities and collateralized mortgage obligations. The company ranks 3rd on our list of real estate stocks that pay monthly dividends and was formerly known as American Capital Agency Corp., changing its name in 2016.
Mark DeVries, an analyst at Barclays, holds an Overweight rating on shares of AGNC Investment Corp. (NASDAQ: AGNC) as of this July. The analyst also has a $17 price target on the stock.
In the second quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.11. The company’s revenue was $232 million, missing estimates by $90.23 million, however. AGNC Investment Corp. (NASDAQ: AGNC) has gained 4.03% year to date and 15.26% in the past year.
By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.
2. ARMOUR Residential REIT, Inc. (NYSE: ARR)
Number of Hedge Fund Holders: 9
Dividend Yield: 11.5%
ARMOUR Residential REIT, Inc. (NYSE: ARR) is a REIT with a securities portfolio consisting of US Government-sponsored entity’s and Government National Mortgage Administration-issued securities with fixed rate, hybrid adjustable rate, and adjustable rate home loans. The company primarily invests in residential mortgage-backed securities and ranks 2nd on our list of real estate stocks that pay monthly dividends.
B. Riley has a Neutral rating on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) as of this July, alongside an $11.50 price target. Analyst Matt Howlett also commented that ARMOUR Residential REIT, Inc. (NYSE: ARR) was among the few “pure-play agency-only” mortgage REITs out there that are offering investors a low credit risk high-yielding cash flow stream.
In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, higher than the previous quarter’s revenue of $16.06 million. ARMOUR Residential REIT, Inc. (NYSE: ARR) has also gained 6.06% in the past year.
By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $22.2 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $23.5 million.
1. Orchid Island Capital, Inc. (NYSE: ORC)
Number of Hedge Fund Holders: 8
Dividend Yield: 16.3%
Orchid Island Capital, Inc. (NYSE: ORC), incorporated in 2010 and headquartered in Florida, ranks 1st on our list of real estate stocks that pay monthly dividends. The company invests in residential mortgage-backed securities (RMBS) and its portfolio consists of pass-through Agency RMBS and structured Agency RMBS.
In the second quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.24, missing estimates by $0.03. The company’s revenue was $27.70 million, up 21.59% year over year and beating estimates by $1.41 million.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Orchid Island Capital, Inc. (NYSE: ORC) worth roughly $19.9 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $14.8 million.
See also Top 10 Real Estate Billionaires In The World and 20 Best Countries To Invest In Real Estate.
