5 REIT Dividend Stocks With Over 10% Yield

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1. Two Harbors Investment Corp. (NYSE:TWO)

Minnesota-based REIT Two Harbors Investment is one of the best REIT dividend stocks to buy today. The stock has a dividend yield of about 19% and a PE ratio of 1.43 as of November 1. In October, investment firm RBC Capital analyst Kenneth Lee lowered his price target on the stock to $4.50 from $5.50. However, the analyst kept an Outperform rating on the stock. The analyst said that he is cutting his full-year fiscal 2022 outlook on the company by 2 cents to 77 cents. He also cut his FY’23 guidance by 6 cents to 73 cents. The analyst said that he took into account the updated assumptions related to funding costs and asset yields based on the current market situation.

The latest market conditions are indeed taking a toll on the company. In October the stock dipped after the company announced preliminary third quarter numbers. As of the end of the second quarter, 30 hedge funds tracked by Insider Monkey had stakes in the company, compared to 31 funds in the previous quarter. This makes Two Harbors Investment one of the most popular high-dividend REIT stocks in our database of 895 elite hedge funds. The biggest stakeholder of the company as of the end of the June quarter was Ken Griffin’s Citadel Investment Group, which had a $15.2 million stake in the company.

Please take a look at 11 Best Dividend Aristocrats with 3+% Yield and 12 Best Reddit Stocks To Buy

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