Dividends4Life: Safe 6% Yield and Upside Make This Under-the-Radar Stock a Buy

Dividend Growth Stocks News

A safe yield and solid growth prospects are a must for any investor in real estate investment trusts -- and this company not only has these qualities but it's much cheaper than rivals. Here's why it's an attractive purchase today.

For the last year and a half, investors have seriously discounted Spirit Realty. The company used to own a series of stores leased to Shopko, a physical retailer suffering some tougher times. But in a bid to move these assets off its own balance sheet, the company spun them out to investors as Spirit MTA (NYSE:SMTA). The spinoff company also includes other "workout assets," those that the company may monetize in the future. Instead of owning those properties directly, now Spirit Realty takes a management fee.

Source: Motley Fool

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