5 Best and Reliable High Dividend REITs to Buy Now

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In this article, we discuss 5 best and reliable high dividend REITs to buy now. If you want to read our detailed analysis of the REIT sector and its performance, go directly to read 10 Best and Reliable High Dividend REITs to Buy Now

5. Global Medical REIT Inc. (NYSE:GMRE)

Dividend Yield as of August 23: 7.25%

Global Medical REIT Inc. (NYSE:GMRE) is a net-lease medical office REIT that acquires and manages purpose-built healthcare facilities. In July, JMP Securities initiated its coverage of the stock with a Market Perform rating, highlighting the company’s lease renewals in the current market situation.

In Q2 2022, Global Medical REIT Inc. (NYSE:GMRE) reported revenue of $33.7 million, presenting a 19.4% growth from the same period last year. The company’s FFO for the quarter beat estimates by $0.01 at $0.25. In the first half of the year, the company reported $5.8 million in cash and cash equivalents and its total assets stood at over $1.3 billion. In the first six months of 2022, the company paid nearly $16 million in dividends to shareholders.

In June, Global Medical REIT Inc. (NYSE:GMRE) declared a quarterly dividend of $0.21 per share, raising it by 2.4% in March. The stock’s dividend yield stood at 7.25%, as recorded on August 23.

Global Medical REIT Inc. (NYSE:GMRE) was a popular stock among elite funds in Q2 2022, with hedge fund positions jumping to 14 from 6 in the previous quarter, as shown by Insider Monkey’s data. The stakes owned by these funds hold a total value of over $28.4 million. With nearly 1 million shares, AEW Capital Management owned the largest position in the company.

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