3 REITs For Dividend Investors To Buy With Stock Market At New Highs

U.S. stocks continue to climb in November, with the Dow, S&P 500, and Nasdaq all right at brand new highs. The positivity comes on the back of better-than-expected quarterly earnings results, a third Fed interest rate cut, and solid U.S. jobs data. There have also been signs of U.S.-China trade war progress.

On top of that, yields on 10-year U.S. Treasury notes have climbed over the last two months, which helps show that investors’ recession fears have cooled. Still, amid all of these signs of strength, investors should try to add new sources of income to their portfolios.

And Real Estate Investment Trusts are a great place to look. REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. These companies are heavily regulated and must meet a number of qualifications to be classified as a REIT.

We should note that instead of earnings, REITs report funds from operations or FFO, but investors can view them as essentially the same for our purposes. Meanwhile, one distinct advantage is that REITs must pay at least 90% of their taxable income in dividends to shareholders. Clearly, this means REITs are great options for income investors.

So here are three highly-ranked REITs we found using our Zacks Stock Screener that dividend investors might want to buy with stock indexes at new highs…

Agree Realty Corporation (ADC - Free Report)

Agree Realty is a REIT that operates in the net lease retail space. The firm’s portfolio includes roughly 800 assets across nearly all 50 U.S. states, with a ton of big-name clients. In fact, the firm’s top tenants include Walmart (WMT - Free Report) , TJX Companies (TJX - Free Report) , Walgreens (WBA - Free Report) , CVS (CVS - Free Report) , Lowe’s (LOW - Free Report) , Home Depot (HD - Free Report) , and many other retail powers. The firm saw its adjusted Q3 FFO jump 7% in late October, while its quarterly revenue surged 41%.

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