In this article, we discuss 5 REIT stocks that pay monthly dividends. If you want to see some more REITs that generate monthly income, click 10 REIT Stocks that Pay Monthly Dividends.
5. Generation Income Properties, Inc. (NASDAQ:GIPR)
Number of Hedge Fund Holders: N/A
Dividend Yield as of April 22: 8.82%
Based in Tampa, Florida, Generation Income Properties, Inc. (NASDAQ:GIPR) is a real estate investment trust that owns and operates high quality single tenant properties, leasing to industrial and retail investment-grade customers. Generation Income Properties, Inc. (NASDAQ:GIPR)’s dividend yield on April 22 came in at 8.82%.
Generation Income Properties, Inc. (NASDAQ:GIPR) declared on April 7 a $0.054 per share monthly dividend, in line with previous. The dividend is payable on April 30, to shareholders of the company as of April 15.
On March 11, Generation Income Properties, Inc. (NASDAQ:GIPR) acquired leasehold interest in a single-tenant retail chain department store in Tucson, Arizona for approximately $7.3 million. The acquisition was funded with 50% cash and 50% debt. The building is rented out to Kohl’s Corporation (NYSE:KSS) and the lease generates about $824,000 of annualized gross base rent and an annual net rent of roughly $591,000 after payments are made under the ground lease.
4. Apple Hospitality REIT, Inc. (NYSE:APLE)
Number of Hedge Fund Holders: 22
Dividend Yield as of April 22: 3.33%
Apple Hospitality REIT, Inc. (NYSE:APLE) is a Virginia-based real estate investment trust that owns and operates a portfolio of upscale hotels in the United States. The REIT leases out properties to industry leading brands such as Marriott, Hyatt, and Hilton, among others.
On April 21, Oppenheimer analyst Tyler Batory initiated coverage of Apple Hospitality REIT, Inc. (NYSE:APLE) with an Outperform rating and a $23 price target. The company is positioned well due to its high-quality and geographically diverse portfolio of select-service hotels, said the analyst. Apple Hospitality REIT, Inc. (NYSE:APLE) was the first lodging REIT to pay a meaningful dividend to shareholders and the analyst believes Apple Hospitality REIT, Inc. (NYSE:APLE) will buy significant net assets in 2022.
In 2021, Apple Hospitality REIT, Inc. (NYSE:APLE)’s full-year revenue equaled approximately $934 million, up from $602 million in 2020. Net income of $18.8 million in 2021 sharply rebounded from the net loss of $173.2 million in the prior year.
Apple Hospitality REIT, Inc. (NYSE:APLE) on April 21 announced a $0.05 per share monthly dividend, which is payable on May 16, to shareholders of the company as of May 3. On April 22, Apple Hospitality REIT, Inc. (NYSE:APLE)’s dividend yield stood at 3.33%.
Apple Hospitality REIT, Inc. (NYSE:APLE) was found in the public investment portfolios of 22 hedge funds at the end of December 2021, up from 15 funds in the prior quarter. Michael Weinstock’s Monarch Alternative Capital held the leading stake in the REIT, with 5.2 million shares worth $85.3 million.
3. STAG Industrial, Inc. (NYSE:STAG)
Number of Hedge Fund Holders: 22
Dividend Yield as of April 22: 3.55%
STAG Industrial, Inc. (NYSE:STAG) is a Massachusetts-based REIT that owns and manages single-tenant, industrial properties throughout the United States. The stock delivers a dividend yield of 3.55% as of April 22.
On January 11, Baird analyst David Rodgers upgraded STAG Industrial, Inc. (NYSE:STAG) to Outperform from Neutral but lowered the price target to $48 from $49, as part of a broader note on the Industrial REIT outlook in 2022. Industrial REITs remain a longer-term core holding with “even moderate goods inventory assumptions supporting growth”, but in the short-term investors can possibly find the sub-sector more challenging.
STAG Industrial, Inc. (NYSE:STAG) declared on April 14 a $0.1217 per share monthly dividend, in line with previous. The dividend is payable on May 16, to shareholders of record on April 29.
According to Insider Monkey’s Q4 data, 22 hedge funds were long STAG Industrial, Inc. (NYSE:STAG), up from 17 funds in the preceding quarter. The total stakes owned in the fourth quarter amounted to $525.3 million. Stuart J. Zimmer’s Zimmer Partners held the leading position in the company, with 2.85 million shares worth $136.6 million.
2. Agree Realty Corporation (NYSE:ADC)
Number of Hedge Fund Holders: 26
Dividend Yield as of April 22: 3.90%
Agree Realty Corporation (NYSE:ADC) is a real estate investment trust that is based in Bloomfield Hills, Michigan, leasing properties to industry-leading retail tenants. Agree Realty Corporation (NYSE:ADC) offers a dividend yield of 3.90% as of April 22.
In 2021, Agree Realty Corporation (NYSE:ADC)’s full-year revenue stood at $339.3 million, up from $248.6 million in the earlier quarter. Net income in 2021 increased to $122.3 million from $91.4 million in 2020.
Morgan Stanley analyst Ronald Kamdem on April 1 initiated coverage of Agree Realty Corporation (NYSE:ADC) with an Overweight rating and a $75 price target. The company’s tenant quality is the highest among triple net REITs and its core focus on internet-resistant tenants is differentiated, the analyst told investors in a research note. The analyst sees an attractive entry point with the stock’s premium multiple having derated 40% post-COVID.
On April 13, Agree Realty Corporation (NYSE:ADC) declared a $0.234 per share monthly dividend, a 3.1% increase from its prior dividend of $0.227. The dividend is payable on May 13, for shareholders of record on April 29.
According to the fourth quarter database of Insider Monkey, 26 hedge funds were long Agree Realty Corporation (NYSE:ADC), up from 20 funds in the previous quarter. Israel Englander’s Millennium Management is the largest stakeholder of the company, with 1.17million shares worth $83.5 million.
1. Realty Income Corporation (NYSE:O)
Number of Hedge Fund Holders: 30
Dividend Yield as of April 22: 3.99%
Realty Income Corporation (NYSE:O) offers long-term lease agreements to commercial clients in the United States. It is an S&P 500 company that has increased its dividend 115 times since it publicly listed in 1994. Realty Income Corporation (NYSE:O)’s yield on April 22 stood at 3.99%. Wolfe Research analyst Andrew Rosivach upgraded Realty Income Corporation (NYSE:O) to Outperform from Peer Perform on March 15.
On April 13, Realty Income Corporation (NYSE:O) declared a $0.247 per share monthly dividend. The dividend is distributable on May 13, to shareholders of the company as of May 2.
Realty Income Corporation (NYSE:O) on April 1 priced its private placement offering of £140 million senior unsecured notes due 2030, £345 million senior unsecured notes due 2032, and £115 million senior unsecured notes due 2037. The notes have an average tenure of 10.5 years and weighted average fixed interest rate of 3.22%.
According to Insider Monkey’s fourth quarter database, 30 hedge funds were bullish on Realty Income Corporation (NYSE:O), up from 22 funds in the preceding quarter. The total stakes held in Q4 2021 amounted to approximately $399 million. Matthew Barrett’s Glendon Capital Management is the largest shareholder of the company, with a position worth roughly $133 million.
You can also take a look at 10 Best Fortune 500 Stocks to Buy Now and 10 NFT Stocks to Buy According to Reddit.
