Real estate investment trusts have sold off lately as investors took profits in a sector that has attracted a lot of capital in the last several years. The sell-off is a good opportunity in my opinion to buy a quality REIT at a discounted price and at a higher dividend yield. This REIT has significant excess dividend coverage. It is affordable with shares are selling for ~12.0x this year's estimated AFFO. The REIT sell-off is a good opportunity to gobble up shares. An investment in it yields 5.6 percent.
Real estate investment trust STORE Capital (NYSE:STOR) is a good deal for income investors trying to take advantage of the latest sell-off in the sector. The REIT pulls in a good amount of cash on a regular basis in terms of (adjusted) funds from operations, and STORE Capital consistently overearns its dividend with AFFO. Besides a more affordable valuation, an investment in this REIT comes with a higher 5.6 percent dividend yield.
Source: Seeking Alpha
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