REITs, or real estate investment trusts, are all the rage right now. REIT investments yield big dividends and reliable revenue streams, since by law these types of stocks must deliver 90% of their taxable income to shareholders.
So how do you go shopping for a REIT? Well, yield is important to most investors, so they tend to gravitate toward big dividends — well in excess of 5%. And since a lot of investors are reluctant to put too much cash into this market, many are looking for cheap picks, too.
So to help you on that hunt for yield, I’ve compiled a list of five real estate investment trusts with big yields and cheap stock prices. All are less than $10, and some yield as high as 17%.
Here’s the list: