VICI - 3 High-Yield Stocks Worth Buying Hand Over Fist
2023-10-30 11:05:00 ET
Higher interest rates have crushed high-yielding dividend stocks. With lower-risk income investments such as bonds and bank CDs now offering higher yields, the values of dividend stocks have fallen. That has pushed up their yields to compensate investors for their higher risk profiles.
There is a silver lining to the sell-off in high-yield dividend stocks . Many offer very enticing yields these days. Simon Property Group (NYSE: SPG) , Vici Properties (NYSE: VICI) , and Easterly Government Properties (NYSE: DEA) stand out to a few Fool.com contributors for their attractive dividends. Here's why they think investors should buy them hand over fist right now.
Jason Hall (Simon Property Group): While rising rates and e-commerce are challenges that Simon Property Group must navigate, the reality of their impact is probably overstated. That's certainly true for e-commerce. In the first half of the year, earnings and funds from operations (FFO) -- a more useful measure of profits for REITs than earnings -- held steady, while its occupancy rate increased to almost 95%. Base rent increased 3%, while retailer sales per square foot were $747. Brands and retailers continue to value and expand their use of Simon's class A properties. As a result of stellar yet still-improving operating results at its properties, Simon raised its full-year FFO outlook.
For further details see:
3 High-Yield Stocks Worth Buying Hand Over Fist