|Bid||0.00 x 1000|
|Ask||28.50 x 4000|
|Day's Range||27.04 - 27.07|
|52 Week Range||24.66 - 33.35|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||15.74|
|Earnings Date||Oct 25, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||1.64 (5.92%)|
|Ex-Dividend Date||Sep 21, 2022|
|1y Target Est||33.21|
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The more conventional method is to use the money earned through an activity (your job or side hustle) and invest it to generate passive income. A tried-and-true way of turning your active earnings into a growing stream of passive income is by investing it in real estate. One of the lower-risk real estate investments is properties backed by net leases, which make the tenant responsible for the rising costs of maintenance, building insurance, and real estate taxes.
Dividend-paying stocks are a good place to look, as are real estate stocks. Combine the two and you get real estate investment trusts (REITs), which own pools of rental properties and are required to pay out at least 90% of their taxable income in the form of dividends. Although there are more than 200 publicly traded REITs, three that might merit buying this month are retail landlord Agree Realty (NYSE: ADC), auto services specialist Getty Realty (NYSE: GTY), and casino owner VICI Properties (NYSE: VICI).
Getty Realty (GTY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).