8 Of The Highest Marketable Equities

8 Of The Highest Marketable Equities

One of the attractions of real estate investment trusts (REITs) is that some of them pay very high dividends. How long this can continue – with the Fed poised to raise interest rates – is another question, but for now, REITs paying 6%+ dividends are easy to find.

Here are eight that have enough average daily volume to qualify as liquid enough for large institutions to enter:

Simon Property Group Inc. (NYSE: SPG) dividend 7.03%. The firm is a retail operation based in Indianapolis with properties in North America, Europe and Asia. Simon Property Group is a member of Standard & Poor’s 100. In June 2022, Jeffries analysts moved the REIT from “buy” to “hold” with a price target of $100.

Medical Properties Trust Inc. (NYSE: MPW) dividend 8.47%. The healthcare facilities REIT just hit new lows in 2022 – one of the reasons the yield looks so high. Headquartered in Birmingham, Alabama, Medical Properties Trust has been in the healthcare facilities business since 2003 and IPO’ed on the NYSE in 2005.

Omega Healthcare Investors Inc. (NYSE:OHI) pays an 8.80% dividend. Based in Hunt Valley, Maryland, the REIT operates senior care centers, skilled nursing facilities and assisted living facilities in the United States and the United Kingdom.

Vornado Realty Trust (NYSE: VNO) dividend 8.06%. The REIT owns, manages and develops office and retail assets, primarily in New York City. In May 2022, Piper Sandler downgraded the company from “neutral” to “overweight” with a price target reduction from $44 to $35.

Sabra Health Care REIT Inc. (NASDAQ: SBRA) dividend 8.83%. Headquartered in Irvine, California, it operates skilled nursing, senior housing and specialty hospitals throughout the United States. In late June 2022, Jeffries cut his “buy” rating to “hold” and lowered his price target from $15 to $14.

SL Green Realty Corp. (NYSE: SLG) pays an 8.14% dividend. The company says it is the largest owner of office real estate in New York City, including properties at One Madison Avenue, 100 Church Street and 100 Park Avenue. In September 2022, Truist analysts increased their rating on the REIT from “hold” to “buy” with a price target of $59.

Uniti Group Inc. (NASDAQ: UNIT) dividend 6.94%. This REIT is going down in 2022 for the year. The Little Rock, Arkansas, company is a communications infrastructure operation that provides fiber and other wireless solutions to clients.

Hudson Pacific Properties Inc. (NYSE: HPP) dividend 6.76%. This REIT hit lows for the year. The company owns and operates office and studio properties in the United States and Canada. In early September 2022, Morgan Stanley upgraded Hudson Pacific Properties from “overweight” to “equal weight” with a price target of $13.

Be aware that REITs can increase or decrease dividend payments whenever management deems it necessary – there is no guarantee that the current level of payment will continue. If the value of the underlying properties falls due to anti-inflationary moves by the Fed, dividends are more likely to be reduced.

Get Ready: This Well-Known Small REIT Has Produced Double Annual Returns Over the Past Five Years

Looking for high dividend yields without price volatility?

Real estate is one of the most reliable sources of recurring passive income, but publicly traded REITs are just one option for accessing this income-producing asset class. Check out Benzinga’s coverage of private market real estate and find more ways to add cash flow to your portfolio without missing the market or falling victim to wild price swings.

Not investment advice. For educational purposes only.

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