5 REIT Dividend Stocks with Over 5% Yields

In this article, we will be looking at 5 REIT dividend stocks with over 5% yields. If you want to see our detailed analysis of the REIT industry, you can go directly to the 10 REIT Dividend Stocks with Over 5% Yields.

5. Preferred Apartment Communities, Inc. (NYSE: APTS)

Number of Hedge Fund Holders: 7
Dividend Yield: 7.1%

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust mainly owning and operating Class A multifamily properties and grocery-anchored shopping centers, Class A office buildings, and student housing properties. It ranks 5th on our list of REIT dividend stocks with over 5% yields.

This July, Colliers analyst Barry Oxford began covering Preferred Apartment Communities, Inc. (NYSE: APTS) shares with a Buy rating and an $11.50 price target.

In the first quarter of 2021, Preferred Apartment Communities, Inc. (NYSE: APTS) had an FFO of $0.25, beating estimates by $0.02. The company’s revenue was $115.70 million, beating estimates by $28,330. Preferred Apartment Communities, Inc. (NYSE: APTS) has also gained about 28.77% in the past 6 months and 39.19% year to date.

By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Preferred Apartment Communities, Inc. (NYSE: APTS) worth roughly $7.24 million. This is compared to 11 hedge funds in the previous quarter with stakes worth approximately $9.005 million.