The 3 Most Undervalued REITs to Buy in May 2024

InvestorPlace05-08

Here are some of the top REITs to buy and hold today. Agree Realty (ADC): The omni-channel retail REIT just raised its monthly dividend to $0.247. Iron Mountain (IRM): Analysts at Wells Fargo recently...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 3 Most Undervalued REITs to Buy in May 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-08 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/05/the-3-most-undervalued-reits-to-buy-in-may-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are some of the top REITs to buy and hold today.\nAgree Realty (ADC): The omni-channel retail REIT just raised its monthly dividend to $0.247.\nIron Mountain (IRM): Analysts at Wells Fargo recently...</p>\n\n<a href=\"https://investorplace.com/2024/05/the-3-most-undervalued-reits-to-buy-in-may-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDN","symbol_name":"First Trust Dow Jones Internet I","start_time":0,"source_url":"https://investorplace.com/2024/05/the-3-most-undervalued-reits-to-buy-in-may-2024/","article_id":"2433745289","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433745289","pubTimestamp":1715163300,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Here are some of the top REITs to buy and hold today.Agree Realty : The omni-channel retail REIT just raised its monthly dividend to $0.247.Iron Mountain : Analysts at Wells Fargo recently raised their price target on IRM to $90 from $80, with an overweight rating.Data Center & Digital Infrastructure ETF : It never hurts to diversify with top REITs.One of the best ways to generate passive income is with some of the most undervalued real estate investment trusts . Not only do these undervalued REIT stocks offer attractive growth, and diversification relative to other assets, but they also have attractive yields.With that, here are some of the most undervalued REIT stocks you may want to own today.The REIT isaggressively expanding its data center capacityto meet the demand of the generative artificial intelligence  boom. This makes it attractive, especially on a recent slight pullback. Making it even more attractive,IRM just declared a 65-cent dividendthat’s payable on July 5 to sharehol","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDN":"First Trust Dow Jones Internet I","CCI":"冠城","BK4566":"资本集团","BK4080":"零售业房地产投资信托","BK4222":"数据中心房地产信托","BK4205":"房地产经营公司","BK4550":"红杉资本持仓","BK4588":"碎股","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","DBRG":"DigitalBridge Group, Inc.","BK4231":"零售房地产信托","BK4534":"瑞士信贷持仓","BK4233":"房地产运营公司","BK4581":"高盛持仓","ADC":"艾格里房产","DTCR":"Global X Data Center & Digital Infrastructure ETF","O":"Realty Income Corp","BK4219":"电信塔房地产信托","DLR":"数字房地产信托公司","BK4585":"ETF&股票定投概念","BK4529":"IDC概念","AMT":"美国电塔","BK4554":"元宇宙及AR概念","IRM":"爱恩铁山","BK4515":"5G概念","EQIX":"易昆尼克斯","BK4160":"多样化房地产投资信托v","BK4567":"ESG概念","CFA":"VictoryShares US 500 Volatility Wtd ETF"},"translate_title":"2024年5月买入的3只最被低估的房地产投资信托基金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMT":1,"O":1,"IRM":1,"EQIX":1,"DTCR":1,"DLR":1,"DBRG":1,"CFA":1,"CCI":1,"ADC":1,"FDN":0.9},"content_text":"Here are some of the top REITs to buy and hold today.\nAgree Realty (ADC): The omni-channel retail REIT just raised its monthly dividend to $0.247.\nIron Mountain (IRM): Analysts at Wells Fargo recently raised their price target on IRM to $90 from $80, with an overweight rating.\nData Center & Digital Infrastructure ETF (DTCR): It never hurts to diversify with top REITs.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nOne of the best ways to generate passive income is with some of the most undervalued real estate investment trusts (REITs). Not only do these undervalued REIT stocks offer attractive growth, and diversification relative to other assets, but they also have attractive yields.\nLook at Realty Income (NYSE:O), for example. Also known as The Monthly Dividend Company, it currently yields 5.57%, and just announced a dividend of $0.257 per share ($3.084 annualized) and is payable on May 15, 2024 to stockholders of record as of May 1, 2024. \nWith that one REIT, your money just made you more money. And all you had to do was hold the stock. Making undervalued REIT stocks even more attractive, they’re interest-rate sensitive, which means they tend to do better when interest rates pull back. \nWith higher hopes for interest rate cuts from the Federal Reserve, we could soon see greater interest for REIT investments.\nWith that, here are some of the most undervalued REIT stocks you may want to own today.\nAgree Realty (ADC)\nSource: Pavel Kapysh / Shutterstock.comWith a yield of 5.12%, rebounding shares of Agree Realty (NYSE:ADC) are attractive. Last trading at $58.56, I’d like to see ADC retest $66 initially. In addition, the omni-channel retail REIT just raised its monthly dividend to $0.25, a 12% month over month increase. It’s also payable on May 14 to shareholders of record as of April 30.\nBetter, the REIT just reported funds from operations (FFO) of $1.01, which beat by a penny. Revenue of $149.45 million, up 18% year over year, exceeding expectations by $1.09 million. As of March 31, ADC owned 2,161 properties in 49 states, with about 44.9 million square feet of leasable area.\nAccording to Agree Realty’s CEO, Joey Agree, “With total liquidity of over $920 million, more than $385 million of hedged capital and no material debt maturities until 2028, we enjoy ample balance sheet flexibility to execute our disciplined operating strategy. Our best-in-class portfolio and fortress balance sheet provide us with conviction that we can achieve 2024 AFFO per share between $4.10 and $4.13 without deviating from our core strategy or moving up the risk curve.”\nIron Mountain (IRM)\nSource: ShutterstockWe can also look at Iron Mountain (NYSE:IRM), which currently yields 3.42%.\nThe REIT is aggressively expanding its data center capacity to meet the demand of the generative artificial intelligence (AI) boom. This makes it attractive, especially on a recent slight pullback. Making it even more attractive, IRM just declared a 65-cent dividend that’s payable on July 5 to shareholders of record as of June 17.\nEarnings have also been solid. In its first quarter, funds from operations came in at $1.10, which beat by 18 cents. Revenue of $1.48 billion, up 12% year over year, beat by $30 million. \nAnalysts at Wells Fargo recently raised their price target on IRM to $90 from $80, with an overweight rating. “The firm believes Iron Mountain can sustain 10%-12% total shareholder return in the coming years, toward the high end of REITs,” added TheFly.com. Barclays also raised its price target on IRM to $91, with an overweight rating.\nData Center & Digital Infrastructure ETF (DTCR)\nSource: ShutterstockOr, if you want to diversify with data center REITs, there’s the Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).\nDTCR last traded at $14.35 a share. While this ETF only yields about 1.11%, I favor it because of its diversification with top data center stocks set for substantial growth in a digital world. With an expense ratio of 0.50%, the ETF holds 25 related stocks, including, Equinix (NASDAQ:EQIX), American Tower (NYSE:AMT), Crown Castle (NYSE:CCI), Digital Realty Trust (NYSE:DLR), and Digital Bridge (NYSE:DBRG). \nAll of which should benefit with global data center investments “expected to increase from $321bn in 2022 to $410bn in 2025 to support the growth of 5G, smart grids, and other forms of tech-based infrastructure,” says Global X ETFs.\nSince bottoming out at around $13.80, it’s now up to $14.34. From here, with data center growth only expected to explode, I’d like to see it closer to $25 near term.\nOn the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.Real EstateUndervalued Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/05/the-3-most-undervalued-reits-to-buy-in-may-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433745289"}