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.
4. Starwood Property Trust, Inc. (NYSE: STWD)
Number of Hedge Fund Holders: 10
Dividend Yield: 7.3%
Starwood Property Trust, Inc. (NYSE: STWD) is a real estate investment trust that works with commercial and residential first mortgages, non-agency residential mortgages, infrastructure debt investments, and multi-family properties, among other related investments. It ranks 4th on our list of REIT dividend stocks with over 5% yields.
In May, the price target on Starwood Property Trust, Inc. (NYSE: STWD) was raised to $26 over at JPMorgan. Analyst Charles Arestia also retained the firm’s Overweight rating on the stock.
In the first quarter of 2021, Starwood Property Trust, Inc. (NYSE: STWD) had an FFO of $0.50, beating estimates by $0.01. The company’s revenue was $287.23 million, missing estimates by $3.43 million. Starwood Property Trust, Inc. (NYSE: STWD) has also gained about 30.51% in the past 6 months and 33.96% year to date.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Starwood Property Trust, Inc. (NYSE: STWD) worth roughly $176 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of about $144 million.
3. Arbor Realty Trust, Inc. (NYSE: ABR)
Number of Hedge Fund Holders: 21
Dividend Yield: 7.9%
Arbor Realty Trust, Inc. (NYSE: ABR) is a real estate investment trust investing in a portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets. The company ranks 3rd on our list of REIT dividend stocks with over 5% yields.
JPMorgan’s Charles Arestia reiterated an Overweight rating on Arbor Realty Trust, Inc. (NYSE: ABR) shares this April while raising the firm’s price target from $16.50 to $18.
In the first quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.55, beating estimates by $0.09. The company’s revenue was $48.98 million, up 27.02% year over year and beating estimates by $2.66 million. Arbor Realty Trust, Inc. (NYSE: ABR) has also gained about 18.42% in the past 6 months and 25.11% year to date.
By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Arbor Realty Trust, Inc. (NYSE: ABR) worth roughly $103 million. This is compared to 14 hedge funds in the previous quarter with stakes worth approximately $68.4 million.
2. Blackstone Mortgage Trust, Inc. (NYSE: BXMT)
Number of Hedge Fund Holders: 16
Dividend Yield: 7.9%
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company ranks 2nd on our list of REIT dividend stocks with over 5% yields.
This April, Wells Fargo analyst Donald Fandetti raised the price target on Blackstone Mortgage Trust, Inc. (NYSE: BXMT) shares from $30 to $36, keeping an Overweight rating on the stock.
In the first quarter of 2021, Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had an FFO of $0.59, in line with estimates. The company’s revenue was $109.15 million, up 8.46% year over year and missing estimates by $1.80 million. Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has also gained about 10.37% in the past 6 months and 14.72% year to date.
By the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in Blackstone Mortgage Trust, Inc. (NYSE: BXMT) worth roughly $209 million. This is compared to 17 hedge funds in the previous quarter with stakes worth approximately $141 million.
1. Ares Commercial Real Estate Corporation (NYSE: ACRE)
Number of Hedge Fund Holders: 14
Dividend Yield: 8.7%
Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company that invests in commercial real estate loans and related investments in the US. It ranks 1st on our list of REIT dividend stocks with over 5% yields.
This April, JPMorgan analyst Charles Arestia raised the price target on Ares Commercial Real Estate Corporation (NYSE: ACRE) shares from $12.50 to $13.50, with a Neutral rating on the shares being retained.
In the first quarter of 2021, Ares Commercial Real Estate Corporation (NYSE: ACRE) had an FFO of $0.45, beating estimates by $0.12. The company’s revenue was $18.57 million, up 16.66% year over year and beating estimates by $0.18 million. Ares Commercial Real Estate Corporation (NYSE: ACRE) has also gained about 20.81% in the past 6 months and 27.47% year to date.
By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ares Commercial Real Estate Corporation (NYSE: ACRE) worth roughly $42.04 million. This is compared to 8 hedge funds in the previous quarter with stakes worth approximately $21.1 million.
You can also take a peek at 10 Best Real Estate Stocks To Buy Now and 10 Best American Dividend Stocks to Invest In.
