Saturday, August 26, 2023
8 High-Dividend REITs To Buy for 2023, 26 AUGUST
Which REITs Pay High Dividends?
Here are some high-dividend REITs that are worth considering in 2023:
- PennyMac Mortgage Investment Trust — Dividend yield: 13.52%
- Armour Residential REIT Inc. — Dividend yield: 19.83%
- Apollo Commercial Real Estate Finance Inc. — Dividend yield: 13.74%
- Chimera Investment Corp. — Dividend yield: 18.85%
- Medical Properties Trust Inc. — Dividend yield: 14.68%
- Office Properties Income Trust — Dividend yield: 14.10%
- VICI Properties Inc. — Dividend yield: 4.94%
- Gaming and Leisure Properties Inc. — Dividend yield: 5.85%
Mortgage REITs
Mortgage REITs invest in residential and/or commercial mortgages and, in some cases, mortgage-backed securities. They rarely, if ever, own or manage property themselves.
1. PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust (NYSE: PMT) invests in residential mortgages, mortgage servicing rights and mortgage-backed securities, as well as hedge investments that relate to these. The company works with prime credit quality loans that are newly originated.
PennyMac has a forward dividend of $1.60, with a yield of 13.52%. Shares closed at $11.74 on May 23 and have traded between $10.78 and $16.60 over the past 52 weeks.
2. Armour Residential REIT Inc.
Armour Residential REIT Inc. (NYSE: ARR) invests in residential mortgage-backed securities that are issued or guaranteed by Fannie Mae or Freddie Mac or are guaranteed by Ginnie Mae. Armour Residential REIT has a forward dividend of $0.96, yielding an eye-popping 19.83%. That said, it closed at $4.84 on May 23, near the low end of its 52-week range of $4.38 to $7.98.
3. Apollo Commercial Real Estate Finance Inc.
Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) originates and invests in mortgages, mezzanine loans and other debt investments related to commercial real estate. Its portfolio has an amortized cost of $8.5 billion as of May 2023.
Apollo Commercial Real Estate Finance has an impressive $1.40 forward dividend, yielding 13.74%. Shares have traded between $7.91 and $13.10 over the past 52 weeks, closing at $10.24 on May 23.
4. Chimera Investment Corp.
Chimera Investment Corp. (NYSE: CIM) invests in residential mortgage loans, residential mortgage-backed securities and commercial mortgage-backed securities. The REIT has $14.2 billion in assets.
Closing at just $4.89 per share on May 23, Chimera Investment Corp. stock has a 52-week range of $4.75 to $10.66. Its forward dividend is $0.92, yielding 18.85%.
Commercial REITs
Some REITs specialize in commercial properties, such as shopping malls, industrial parks or hospitals.
5. Medical Properties Trust Inc.
As its name would imply, Medical Properties Trust Inc. (NYSE: MPW) owns hospitals and medical buildings. In fact, it is the second-largest nongovernment owner of hospitals in the world. Over half (61%) of its properties are in the United States, and most of the rest are in Europe. The company has $19.7 billion in assets.
On May 23, Medical Properties Trust closed at $7.90 per share. Its 52-week range is $7.10 to $18.92 per share. The company has a forward dividend of $1.16, which translates to a yield of 14.68%.
6. Office Properties Income Trust
Office Properties Income Trust (Nasdaq: OPI) owns, operates and leases buildings to commercial tenants. It has 157 properties in its portfolio, most of which are occupied by a single tenant. These properties total 20.9 million square feet of space and are located in 33 states and Washington, D.C.
Office Properties Income Trust closed at $7.09 on May 23 and has a 52-week range of $5.86 to $21.50. Its 14.10% yield is generated by its $1 forward dividend.
Casino REITs
Casinos are a popular investment for REITs, and they’re often quite lucrative, since the house always wins. In addition to the casinos themselves, these REITs often invest in hotels, restaurants and entertainment venues.
7. VICI Properties Inc.
VICI Properties Inc. (NYSE: VICI) invests in hospitality, entertainment and gaming properties, and it owns such recognizable properties as Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. In all, the company owns 49 gaming facilities, which include approximately 60,100 hotel rooms and over 450 restaurants and entertainment venues.
VICI closed at $31.09 on May 23, and its share price in the past
52 weeks has ranged from $27.75 to $35.69 — a relatively narrow
range given the market volatility. Its forward dividend is $1.56,
yielding 4.94%.
8. Gaming and Leisure Properties Inc.
Gaming and Leisure Properties Inc. (Nasdaq: GLPI) owns and operates 59 gaming facilities in 18 states, including Ameristar Black Hawk and Bally’s Casino – Black Hawk in Colorado, Bally’s Dover Casino in Delaware, Plainridge Park Casino in Massachusetts, Hollywood Casino Aurora in Illinois, Belterra Casino Resort in Indiana and Isle of Capri Casino in Iowa, among many others.
With a forward dividend of $2.83, resulting in a yield of 5.85%, Gaming and Leisure Properties closed on May 23 at $47.86. This price was right in the middle of its relatively narrow 52-week range of $42.71 to $55.13.
Takeaway
Real estate investment trusts can be volatile in terms of their stock price and their dividends. However, real estate has a tendency to act as a hedge against inflation, making it attractive in times when equities may not be. And since REITs provide income as well as price appreciation, there may be a place for them in your portfolio.
https://www.gobankingrates.com/investing/stocks/high-dividend-reits/
"RV UPDATE" BY MILITIAMAN, 26 AUGUST
MilitiaMan (KTFA)
I believe they’re at that stage where the spending project is about ready to go. The security and stability is being enforced. Let’s see how it goes.
Weekend News with MarkZ 08/26/2023
"RV UPDATE" BY MNT GOAT, 26 AUGUST
Mountain Goat
…when I read the 2011 Dr Shabibi plan for the reinstatement process…He told us then that the de-dollarization is critical in Iraq’s currency reform process. So, it sounds to me like this phase of the Dr Shabibi plan is ending and they are moving to the next stage of the process. We all know what that is, don’t we…hint…hint…hint.
7 times more.. Iran announces the release of its money withheld in Iraq, 26 AUGUST
7 times more.. Iran announces the release of its money withheld in Iraq
The Iranian Ministry of Foreign Affairs announced on Friday that they released about seven times the amount of Iranian money held in Iraq within a month.
According to the political assistant to Iranian Foreign Minister Ali Bagheri Kani, in an interview with the semi-official “Mehr” agency, most of our money is in Iraq, except for South Korea.
He said that during the negotiations with the American side regarding Iran’s funds in South Korea, they also discussed and began the process of releasing Iran’s money in Iraq.
Bagheri Kani stated that in the past three weeks, they have released almost seven times the amount of money used in Iraq last year for economic activities. They expect this to accelerate the liberation process.
Official Iranian media revealed details of an agreement between Tehran and the United States, brokered by a third country. The agreement includes a prisoner exchange and the release of Iranian funds frozen in South Korea and Iraq.
According to the Iranian News Agency, IRNA, there has been an agreement between Iran and the United States to exchange prisoners. An official source familiar with the agreement stated that Iran will release 5 American prisoners while the United States will release 5 Iranian prisoners.
He explained that in addition to releasing $6 billion of frozen Iranian funds in South Korea, a significant portion of Iranian funds in the Iraqi TBI Bank will also be released. He also mentioned that the process of releasing Iranian funds in European banks has already begun.
On July 11, Prime Minister Muhammad Shia’ al-Sudani announced that Iraq had contacted the US to discuss payment for Iran’s 9.25 billion euro gas imports. He added that Iraq had paid 1.842 billion euros within 7 months according to the agreed mechanism.
A delegation from the Central Bank of Iraq and the Iraqi Trade Bank has reportedly left Iraq for Oman to discuss transferring funds in compliance with the US Treasury. According to Al-Sudani, the delegation’s aim is to agree on a formula for transferring these funds to Oman in agreement with the US Treasury.
Al-Sudani: Iraq has promising opportunities, and the government supports the investor and the private sector
The Prime Minister, Muhammad Shia’ al-Sudani, launched the executive work on a large tourist complex project in Baghdad’s center. The project includes a hotel, residential complex, and tourist facilities.
The Prime Minister’s media office announced that they laid the foundation stone for the first Qatari investment project in Iraq, implemented by the Qatari Investment Holding Company. This initiative aims to enhance opportunities, improve the investment environment, and attract Arab and foreign companies to infrastructure projects in Iraq.
During the ceremony, the Prime Minister welcomed the brothers from Qatar and praised their initiative and persistence in implementing the first cooperation between Iraq and Qatar.
He indicated that the President of the Council thanked the government team, the Mayor of Baghdad, the Chairman of the Investment Commission, the Director of the Prime Minister’s Office, and the advisors. These individuals were responsible for preparing all the requirements related to the allocation of land and granting of investment licenses in a record time.
According to a statement, Al-Sudani stated that Iraq has many promising investment opportunities and the government provides support to serious companies. He emphasized that the government will support investors, companies, and the private sector that are serious about executing investment projects in Baghdad, the provinces, and the Kurdistan region of Iraq.
MELANIA HINDS CC HIGHLIGHTS NOTES, 23 DEC
MELANIA HINDS CC HIGHLIGHTS NOTES Summary Exciting updates on the Iraqi dinar as the Central Bank of Iraq continues cash auctions, with a h...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...