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With bond yields at record lows, many investors are searching for higher returns from stocks that pay dividends.
So far this year, real estate investment trusts are providing solid yields and price appreciation that’s beating the overall stock market.
The broader MSCI REIT Index is up about 7 percent in 2012, while the S&P 500 Index is up about 4 percent. And compared to other sectors, REITs are solidly among the best performers.
When we mention REITs, many investors think of the big names like Simon Property Group and AvalonBay Communities that are in the S&P 500.
But with the retailer sector also performing well, smaller REITs that specialize in stores like Weingarten Realty Investors are also benefiting.
“While [retail] is a little dilutive in the short run, we think it's right long-term. We'll reinvest with cities with good growth and barriers to entry in Florida, California, Texas, Georgia and the Washington, D.C.-area,” Weingarten Realty CEO Andrew Alexander told CNBC’s “Street Signs” on Thursday.
Weingarten Realty—up more than 17 percent so far this year and yielding 4.47 percent—was one of the five "Rocking REITs" identified in an exclusive " Street Signs " screener of under-the-radar names in the group.
We were looking for U.S.-based REITs with the following criteria:
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