5 REIT Dividend Stocks with Over 5% Yields

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1. Ares Commercial Real Estate Corporation (NYSE: ACRE)

Number of Hedge Fund Holders: 14
Dividend Yield: 8.7%

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company that invests in commercial real estate loans and related investments in the US. It ranks 1st on our list of REIT dividend stocks with over 5% yields.

This April, JPMorgan analyst Charles Arestia raised the price target on Ares Commercial Real Estate Corporation (NYSE: ACRE) shares from $12.50 to $13.50, with a Neutral rating on the shares being retained.

In the first quarter of 2021, Ares Commercial Real Estate Corporation (NYSE: ACRE) had an FFO of $0.45, beating estimates by $0.12. The company’s revenue was $18.57 million, up 16.66% year over year and beating estimates by $0.18 million. Ares Commercial Real Estate Corporation (NYSE: ACRE)  has also gained about 20.81% in the past 6 months and 27.47% year to date.

By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ares Commercial Real Estate Corporation (NYSE: ACRE) worth roughly $42.04 million. This is compared to 8 hedge funds in the previous quarter with stakes worth approximately $21.1 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.

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