5 Best REIT Dividend Stocks According to Hedge Funds

In this article, we will be looking at the 5 best REIT dividend stocks according to hedge funds. If you want to see our detailed analysis on the REIT industry, you can go directly to the 10 Best REIT Dividend Stocks According to Hedge Funds.

5. Weyerhaeuser Company (NYSE: WY)

Number of Hedge Fund Holders: 38
Dividend Yield: 2%

Weyerhaeuser Company (NYSE: WY) is one of the largest private owners of timberlands in the world, controlling roughly 11 million acres of timberlands in the US and managing additional property under long-term licenses in Canada. The company ranks 5th on our list of the best REIT dividend stocks according to hedge funds.

This July, Goldman Sachs initiated coverage of Weyerhaeuser Company (NYSE: WY) shares with a Buy rating and a $40 price target. Analyst Susan Maklari commented that Weyerhaeuser Company (NYSE: WY) is a unique option in the timberland assets sector, and can prove to be an effective offset to deflation because of its defensive profile.

In the first quarter of 2021, had an FFO of $0.91, surpassing the previous quarter’s $048 FFO. The company’s revenue was $2.51 billion, up 45.02% year over year and also surpassing the previous quarter’s $2.06 billion revenue. Weyerhaeuser Company (NYSE: WY) has also gained about 28.56% in the past year.

By the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey held stakes in Weyerhaeuser Company (NYSE: WY) worth roughly $641 million. This is compared to 40 hedge funds in the previous quarter with stakes worth approximately $614 million.