5 Best REIT Stocks with High Dividend Yields

4. Alexander’s, Inc. (NYSE: ALX)

Number of Hedge Fund Holders: 7
Dividend Yield: 6.4%

Alexander’s, Inc. (NYSE: ALX) is a company operating in the retail REITs industry and has seven properties to manage in the New York City metropolitan area. The stock ranks 4th on our list of the best REIT stocks with high dividend yields.

Piper Sandler has a Neutral rating on Alexander’s, Inc. (NYSE: ALX) shares with a raised price target of $280.

In the first quarter of 2021, Alexander’s, Inc. (NYSE: ALX) had an FFO of $5.03, beating estimates by $0.01. The company’s revenue was $56.15 million, up 3.78% year over year and beating estimates by $1.85 million. Alexander’s, Inc. (NYSE: ALX) has also gained about 12.14% in the past year.

By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Alexander’s, Inc. (NYSE: ALX) worth roughly $106 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of about $109 million.