RHP - 3 High-Yield Dividend Stocks to Buy at a Discount
2024-03-27 05:44:00 ET
Stocks have surged over the past few months. That rally has pushed most major stock market indexes toward their all-time highs. A big driver has been an expansion of valuation multiples. The S&P 500 currently trades at 23.5 times earnings, while the Nasdaq 100 is above 31. So bargains are few and far between.
However, several high-yield dividend stocks trade at compelling discounts right now, including Agree Realty (NYSE: ADC) , Iron Mountain (NYSE: IRM) , and Ryman Hospitality Properties (NYSE: RHP) . Here's why value investors should take a closer look at these income stocks.
Agree Realty is a real estate investment trust ( REIT ) focused on free-standing retail properties. Last year, it generated $3.95 per share of adjusted funds from operations ( FFO ). With shares recently trading around $56 apiece, it sells for about 14 times FFO. That's quite a discount compared to the broader market indexes.
For further details see:
3 High-Yield Dividend Stocks to Buy at a Discount