This company is a promising REIT income vehicle. It derives a large percentage of its revenues from long-term lease contracts which helps create a stable cash flow stream for the REIT. The company has excellent dividend coverage stats for a 9 percent yielder. Low AFFO payout ratio implies significant potential for continued dividend growth. The REIT’s shares sell for a competitive run-rate AFFO multiple. An investment in the stock yields 8.7 percent.
Lexington Realty Trust (LXP) looks like a promising buy on the drop. The real estate investment trust sells for a highly competitive AFFO multiple, and the company provides income investors with an unexpectedly high margin of dividend safety. Lexington Realty Trust easily covers its dividend with cash flow, hence, I judge the dividend to be sustainable going forward. An investment in Lexington Realty Trust at today’s price point yields 8.7 percent.
Source: Seeking Alpha
Related Articles:
- 3 Simple Steps For A Successful Retirement
- 6 Rainy Day Dividend Stocks
- With Dividend Growth Stocks, Cash Is King
- When A Stock Fails To Raise Its Dividend: Is It Time To Sell?
- Dividend Stocks in Today's Market
Time To Buy This 8.7% Yielding Commercial Property REIT?
Posted by D4L | Thursday, June 14, 2018 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
This article comes from a recent Preferred Share Update on The REIT Forum. Be advised that share prices are constantly changing, so it's...
-
But aside from its track record as a Dividend Aristocrat with 27 consecutive years of payout hikes under its belt, there's another reaso...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
This is a clear recipe for investors to follow, and will lead us quite naturally to two recent stock recommendations from Morgan Stanley’s a...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.