The company holds 181 investments in 27 states with 29 operating partners. The portfolio comprises approximately 50% seniors housing and 50% skilled nursing properties. Moreover, LTC Properties posted outstanding second-quarter results in which funds from operations and revenues both exceeded Wall Street expectations.
Investors receive a 5.41% distribution. Berenberg Bank upgraded the shares to Buy just this week, and it hiked the $34 target price to $47. The consensus target is $40. The final LTC Properties stock trade for Wednesday was for $42.12 a share.
Realty Income
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2022. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly distributions are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994. It is a top real estate member of the S&P 500 Dividend Aristocrats index.
Realty Income stock investors receive a 4.16% distribution monthly. Goldman Sachs analysts have set a $86 price target. That is well above the $75.44 consensus target and the $72.00 close on Wednesday.
Stag Industrial
This strong industrial REIT play offers solid upside potential. Stag Industrial Inc. (NYSE: STAG) is a self-managed full-service real estate company primarily focused on the acquisition, ownership and management of single-tenant, Class B warehouses in secondary markets across the United States. The company continues to focus on expansion of its acquisition platform to find acquisitions to grow the portfolio.
Top Wall Street analysts expect management to be aggressive acquirers over time. Additionally, the in-place portfolio should deliver stable organic growth supported by healthy property-level fundamentals.
Investors receive a 4.42% distribution. The STAG Industrial target price at Raymond James is $47. The consensus target is lower at $39.88, and the closing price on Wednesday was $33.00 a share.
Shares of all these top companies are way off the highs printed earlier this year, and all six have paid dependable dividends for years. While there are also mortgage REITs that pay monthly dividends, they are more vulnerable to a shake-out in a risingate environment, and we wanted to focus on the companies that had hard assets.
It is important to remember that REIT distributions may contain return of principal in their monthly distribution payments.
Originally posted at 24/7 Wall St.
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