2 Cheap Dividend Stocks You Can Buy Right Now

The real estate sector performed quite poorly over the latter half of 2016 as interest rates began to rise, creating some attractive buying opportunities for long-term investors. Here are two REITs with strong dividends, both of which have fallen considerably from their 2016 highs, that income-seeking investors may want to take a look at. Most residential REITs invest in apartment communities, but the Great Recession created some attractive opportunities in the single-family rental market, and a few REITs were formed to take advantage.

One of these, Silver Bay Realty Trust (NYSE:SBY) was formed in 2012 to capitalize on the abundance of attractive single-family properties. The REIT acquires properties, renovates them, leases them to tenants, and manages them internally. Silver Bay has built a portfolio of about 8,900 properties, most of which are in Georgia, Florida, or Arizona -- three markets that were particularly hard-hit by the recession. Shopping center REIT DDR Corp (NYSE:DDR) is another cheap dividend stock I think is attractive right now, after a big decline in the second half of 2016. First, it's important to note that DDR invests in a specific type of shopping center, which it calls "power centers." These are shopping centers located in large markets, where the tenants are high-quality national companies, and where the anchor stores are value- and convenience-oriented.

Source: Motley Fool

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