5 Dividend Paying REIT Stocks To Buy Now

In this article, we will look at 5 dividend-paying REIT stocks to buy now. If you want to explore similar stocks, you can read 10 Dividend Paying REIT Stocks To Buy Now.

5. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 21

Dividend Yield as of July 22: 3.71%

Agree Realty Corporation (NYSE:ADC) acquires and develops properties that are net leased to industry-leading retail tenants. On June 22, Credit Suisse analyst Tayo Okusanya initiated coverage of Agree Realty Corporation (NYSE:ADC) with a buy-side Outperform rating and a $78 price target and named the stock one of his top picks. On June 30, Jefferies analyst Linda Tsai raised her price target on Agree Realty Corporation (NYSE:ADC) to $82 from $80 and reiterated a Buy rating on the shares.

On July 12, Agree Realty Corporation (NYSE:ADC) declared a monthly cash dividend of  $0.234 per share. The dividend is payable on August 12, to investors of record on July 29. As of July 22, Agree Realty Corporation (NYSE:ADC) has a forward dividend yield of 3.68% and trailing twelve-month free cash flows of $261.98 million.

At the close of Q1 2022, 21 hedge funds held stakes in Agree Realty Corporation (NYSE:ADC). The collective stakes of these hedge funds amounted to $141.55 million. This is compared to 26 positions in the previous quarter with stakes of $200.33 million.

As of March 31, Millennium Management is the top shareholder in Agree Realty Corporation (NYSE:ADC) and has stakes worth $50.50 million in the company.