Top 5 Real Estate Stocks to Buy Now

1. Alpine Income Property Trust, Inc. (NYSE:PINE)

Number of Hedge Fund Holders: 8

Forward Dividend Yield as of August 6, 2022: 5.94%

First on the list for the best real estate stock to buy now is Alpine Income Property Trust, Inc. (NYSE: PINE) which acquires, owns, and operates high-quality net leased properties. Similar to Agree Realty Corporation (NYSE:ADC), their main focus is on industry-leading tenants and essential business sectors to ensure long-term value creation. Though the company was recently formed in August 2019, it is positioned as unique because it has no employees and is governed by Alpine Income Property Manager. The company owns 128 properties across 34 states including Walmart Inc. (NYSE:WMT), Walgreens Boots Alliance Inc. (NASDAQ:WBA), and Wells Fargo & Co. (NYSE:WFC).

The company’s market capitalization is $252 million with a total enterprise value (TEV) of $529 million which is not surprising given that all of its properties are already occupied. In addition, PINE acquired 16 high-quality net lease properties valued at $65.5 million during the first quarter. 

Alpine Income Property Trust, Inc. (NYSE: PINE) has only 8 hedge fund holders but it expects to have the highest dividend yield of the preceding firms with a dividend yield of 5.94%. The reported Q1 AFFO is $0.48 beating the $0.43 expectation. Moreover, the company announced $10.8 million in revenue versus the $10.37 million in the general agreement. Alpine Income Property increased its AFFO outlook for 2022 to $1.53-$1.58 from $1.51-$1.56 due to these significant tailwinds. Alpine has a high rollover of 29% for the next decade making it more secure and increasing the risk-return profile of the REIT.

PINE paid a cash dividend of $0.27 per share for the first and second quarters of 2022. This is a 12.5% increase over the 4th quarter of 2021’s payout and a 5.6% annualized yield. The quarterly dividend has grown by 35% since the beginning of 2020 making it the highest dividend yield with one of the lowest projected payout ratios. 

Global financial firms Colliers Securities and BTIG maintained a buy rating for Alpine Income Property with a price target of $23. The current analyst consensus for this REIT is a strong buy with a $22.20 average target price which is 14.1% higher than the current levels. 

The company has undeniably strong financials making it the top real estate to buy now.

You can also take a peek at 12 Best Consumer Discretionary Stocks To Buy and George Soros Stock Portfolio.

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