Down But Not Out: Buy These Beaten-Down Dividend Stocks Before They Boom Again

Real estate investment trusts (REITs) have sold off this year due to concerns about a recession as interest rates head higher. That has investors worried about their near-term growth prospects. 

However, while the market is focusing on the short term, several REITs are benefiting from major long-term growth drivers that remain firmly in place. Three that stand out to our contributors are Alexandria Real Estate Equities (NYSE: ARE), Crown Castle International (NYSE: CCI), and Prologis (NYSE: PLD). Here's why they think dividend investors should scoop up these REITs -- which now offer even higher dividend yields -- before the market realizes that they have a lot of growth ahead. 

Brent Nyitray (Alexandria Real Estate Equities): Office real estate investment trusts (REITs) have been under a cloud since the COVID-19 pandemic proved that the work-from-home model is a legitimate and effective way for companies to conduct business. Employees generally love the idea, although employers have been less enamored with the model. That said, not all industries are well-suited for a work-from-home model, and this is where Alexandria comes in. 

Continue reading

Source Fool.com