5 Best REIT Stocks to Buy Right Now

In this article, we discuss 5 best REIT stocks to buy right now. If you want to read our detailed analysis of REITs’ returns over the years and their recent performance, go directly to read 11 Best REIT Stocks to Buy Right Now. 

5. CubeSmart (NYSE:CUBE)

Dividend Yield as of October 24: 4.50%

CubeSmart (NYSE:CUBE) is an American self-storage company that specializes in the acquisition and development of self-storage facilities in the US. The company is grabbing investors’ attention as there is a strong demand for self-storage units, which have reported higher rents.

CubeSmart (NYSE:CUBE) is one of the best dividend stocks on our list as it has been raising its dividends consistently for the past 12 years. The company pays a quarterly dividend of $0.43 per share with a dividend yield of 4.50%, as of October 24.

In October, UBS initiated its coverage of CubeSmart (NYSE:CUBE) with a Buy rating and a $45 price target. The firm mentioned that REITs are growing because of population migration after the pandemic.

As of the close of Q2 2022, 18 hedge funds tracked by Insider Monkey reported owning stakes in CubeSmart (NYSE:CUBE), compared with 29 in the previous quarter. The collective value of these stakes is roughly $245 million. Among these hedge funds, Diamond Hill Capital owned the largest position in the company in Q2.