IIPR - 2 Ultra-High-Yield REIT Stocks to Buy Hand Over Fist and 1 to Avoid
2023-07-12 05:45:00 ET
There's nothing more likely to catch a dividend investor's attention than a big, juicy dividend yield. But yield alone isn't enough to make a stock worth buying. You need to dig in to understand the story behind the stock ... and its dividend yield. After all, a high yield backed by a dividend that gets cut isn't really a great opportunity.
Here's a look at why Innovative Industrial Properties (NYSE: IIPR) and W.P. Carey (NYSE: WPC) are both worth buying today, but Annaly Capital Management (NYSE: NLY) probably isn't.
Innovative Industrial Properties largely owns marijuana grow houses. The pot industry attracted outsized investor attention a few years ago but has since fallen out of favor. The burgeoning industry saw a lot of early entrants and it's now in something of a shakeout stage.
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2 Ultra-High-Yield REIT Stocks to Buy Hand Over Fist, and 1 to Avoid