WPC - 2 Ultra-High-Yield REIT Stocks to Buy Hand Over Fist and 1 To Avoid
2024-06-11 05:18:00 ET
Real estate investment trusts (REITs) can be great investments for those seeking to generate passive income. Most RE ITs offer dividend yields well above the S&P 500 's average of 1.3% (the sector average is over 4%). Many REITs offer even bigger income streams.
EPR Properties (NYSE: EPR) and W. P. Carey (NYSE: WPC) currently yield more than 6%. They should be able to sustain and grow those big-time payouts, making them great REITs to buy hand over fist for income. Unfortunately, that's not the likely case for Annaly Capital Management's (NYSE: NLY) monster payout. Because of that, investors should avoid its big-time dividend.
Annaly Capital Management currently offers an eye-popping dividend yield of more than 13%. That's 10 times the income you could generate from investing in an S&P 500 index fund .
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2 Ultra-High-Yield REIT Stocks to Buy Hand Over Fist, and 1 To Avoid