5 Best Cheap DRIP Stocks to Buy Now

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In this article, we discuss 5 best cheap DRIP stocks to buy now. If you want to read our detailed analysis of DRIP investment and the performance of DRIP stocks in the past, go directly to read 10 Best Cheap DRIP Stocks to Buy Now.

5. Kilroy Realty Corporation (NYSE:KRC)

Share Price as of September 19: $48.51
Dividend Yield as of September 19: 4.42%

Kilroy Realty Corporation (NYSE:KRC) is a California-based real estate investment trust, with over 14 million square feet in its portfolio spanning five distinct regions. The company has been raising its dividends for seven consecutive years. It currently pays a quarterly dividend of $0.54 per share, with a dividend yield of 4.42%, as of September 19.

In Q2 2022, Kilroy Realty Corporation (NYSE:KRC) reported an FFO of $1.17 and revenue of $271 million, beating estimates by $0.06 and $11.1 million, respectively. Its net income stood at $47.1 million, up 31% from the same period last year. The company ended the quarter with $120 million in cash and cash equivalents and $1.1 billion in the unsecured revolving credit facility.

In July, Mizuho maintained its Buy rating on Kilroy Realty Corporation (NYSE:KRC) with a $60 price target, highlighting the company’s position as an office REIT due to its high-quality portfolio.

At the end of Q2 2022, 23 hedge funds tracked by Insider Monkey owned investments in Kilroy Realty Corporation (NYSE:KRC), up from 15 in the previous quarter. These stakes hold a consolidated value of over $318 million. Oaktree Capital Management owned the largest stake in the company in Q2.


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