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Top Stocks To Buy Now? 3 REIT Stocks To Watch

Do you have these three REIT stocks on your radar now?

A Real Estate Investment Trust (REIT) is a company that owns and manages a portfolio of income-generating real estate assets. REITs are required to distribute a significant portion of their taxable income as dividends to shareholders, making them an attractive option for investors seeking regular income streams.

Moving along, REIT stocks are publicly-traded shares of REITs that are listed on stock exchanges, making them easily accessible for investors to buy and sell. REIT stocks provide investors with exposure to the real estate market without the hassle and costs associated with direct ownership of physical properties.

Investing in REIT stocks can be a smart choice for investors looking to diversify their portfolios and generate passive income. However, it is important to understand the risks involved, including interest rate fluctuations, changes in property values, and economic downturns that can affect the demand for real estate. Additionally, not all REITs are created equal, and it is essential to research and evaluates the quality of the underlying assets, management team, and financial performance before making investment decisions. With this being said, let’s check out three REIT stocks to watch in the stock market right now.

REIT Stocks To Buy [Or Avoid] Today

VICI Properties (VICI Stock)

To start, VICI Properties Inc. (VICI) is a REIT that specializes in owning and leasing properties in the gaming, hospitality, and entertainment industries. Its portfolio includes properties leased to leading brands such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.

Earlier this month, the company announced it has declared its quarterly dividend. In detail, VICI Properties reported that its Board of Directors has approved a regular quarterly cash dividend of $0.39 per share on common stock. This dividend will be payable on April 6, 2023, to stockholders of record on March 23, 2023. As a result, VICI currently offers an annual dividend yield of 4.95%.

Looking at the last year of trading action, shares of VICI stock have increased by 15.28%. Meanwhile, during Thursday’s mid-morning trading session, VICI stock is trading modestly lower on the day by 0.44% at $31.49 a share.

Source: TD Ameritrade TOS

[Read More] 3 Regional Bank Stocks To Watch Today

Gaming and Leisure Properties (GLPI Stock)

Next, Gaming and Leisure Properties Inc. (GLPI) is a REIT that primarily owns and leases properties to casino operators in the United States. Its portfolio includes gaming facilities in 16 states and is leased to leading operators such as Penn National Gaming, Boyd Gaming, and Eldorado Resorts.

Last month, GLPI reported its fourth-quarter 2022 financial results. In detail, the company posted earnings of $0.89 per share along with revenue of $336.4 million. This is in comparison to Wall Street’s consensus estimates for the quarter which were earnings of $0.87 per share and revenue of $329.9 million. Moreover, the company also notched in a 12.8% increase in revenue versus the same period, the prior year.

Over the last year of trading, GLPI stock has advanced by 12.96%. While on Thursday morning shares of GLPI stock are trading slightly higher on the day by 0.61% at $50.54 a share.

Source: TD Ameritrade TOS

[Read More] 3 Cyclical Stocks To Watch For March 2023

Getty Realty Corp. (GTY Stock)

Last but not least, Getty Realty Corporation (GTY) is a REIT that specializes in owning and leasing gas stations and convenience stores across the United States. Its portfolio includes over 1,000 properties leased to leading brands such as 7-Eleven, Circle K, and Sunoco.

In February, Getty Realty also reported its Q4 2022 earnings results. Diving in, the REIT reported earnings of $0.55 per share, with revenue of $43.1 million for the fourth quarter. Meanwhile, analysts’ consensus estimates for the quarter were an EPS of $0.50 per share, and revenue estimates of $42.1 million. Additionally, revenue increased by 9.6% on a year-over-year basis.

In the past year of trading action, GTY stock has gained by 28.47%. Though, during Thursday’s mid-morning trading session, shares of GTY stock are trading flat on the day at $35.74 a share.

Source: TD Ameritrade TOS

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By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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