PLD - 3 Magnificent Stocks to Buy That Are Near 52-Week Lows
2024-05-15 06:11:00 ET
Real estate investment trusts (REITs) have been magnificent long-term investments. Over the very long term, REITs have outperformed stocks . While they have lagged the market in recent years, a near-term catalyst could give the sector a jolt .
Several top-notch REITs , including Agree Realty (NYSE: ADC) , Prologis (NYSE: PLD) , and EPR Properties (NYSE: EPR) , are currently trading near 52-week lows. That makes them look like great buys, given their compelling dividend yields, growth outlooks, and the potential near-term catalyst of falling interest rates.
Agree Realty's stock price sits about 13% below its 52-week-high, close to its low point for the year. That has pushed the retail REIT's dividend yield up to 5%, significantly higher than the S&P 500's 1.4% dividend yield.
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3 Magnificent Stocks to Buy That Are Near 52-Week Lows