The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. During these times, companies such as Monmouth Real Estate Investment and Agree Realty generate high dividend income to shareholders. Here are my top dividend stocks in the real estate industry that could be valuable additions to your current holdings.
Monmouth Real Estate Investment Corporation (NYSE:MNR)
MNR has a good-sized dividend yield of 3.90% with a high payout ratio . Over the past 10 years, MNR has increased its dividends from $0.6 to $0.68. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Analysts are optimistic on the company’s earnings in the next 12 months, estimating a 44.59% increase in EPS. More detail on Monmouth Real Estate Investment here.
Agree Realty Corporation (NYSE:ADC)
ADC has a great dividend yield of 4.18% and is currently distributing 97.82% of profits to shareholders , with the expected payout in three years being 121.21%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. The company recorded earnings growth of 35.28% in the past year, comparing favorably with the us reits industry average of 2.60%. More on Agree Realty here.
LTC Properties, Inc. (NYSE:LTC)
LTC has an alluring dividend yield of 5.56% and their current payout ratio is 102.10% . Over the past 10 years, LTC has increased its dividends from $1.56 to $2.28. They have been dependable too, not missing a single payment in this time. LTC Properties’s earnings per share growth of 7.09% over the past 12 months outpaced the us reits industry’s average growth rate of 2.60%. Interested in LTC Properties? Find out more here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.