Acquisitions are key for this REIT to grow its equity valuation and could be a positive catalyst for FFO growth, proving that even smaller REITs that depend on acquisitions to grow their real estate portfolio can afford to pay a much higher dividend than the typical, larger REIT. This small equity value REIT is growing fast. It handsomely covers its dividend payout with core funds from operations and sells for ~10.3x Q3-16 run-rate core FFO. An investment in it yields 8.29 percent.
Independence Realty Trust's (NYSEMKT:IRT) shares have sold off lately as part of a wider sector correction. However, the REIT produces good results, and aggressively grows its property portfolio in the United States. Independence Realty Trust offers the right mix of high income covered by core funds from operations and capital upside. IRT sells cheaply and pays an 8% dividend on a monthly payment schedule.
Source: Seeking Alpha
Related Articles:
- 3 High-Yield Dividend Achievers With 25 Years of Increases
- 17 Investments That Pay Monthly Dividends
- 5 Dividend Stocks To Build Your Future Security
- 7 Dividend Stocks With A Low Payout Ratio
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
8% Yielding REIT, Strong Growth, Covered Dividend, Pays Monthly
Posted by D4L | Sunday, January 22, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.