3 Buy and Hold REITs with Strong Dividends and Price Upside
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The article discusses 3 real estate investment trusts (REITs) that are good long-term "buy and hold" investments American Tower, Prologis, and Realty Income.
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These REITs have delivered strong total returns over the past 25+ years, outperforming the S&P 500.
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They benefit from secular demand trends in communications infrastructure (American Tower) and e-commerce/logistics (Prologis).
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All 3 pay steady and growing dividends with high yields - American Tower (3.2%), Prologis (3.2%), Realty Income (5.7%).
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Analysts believe all 3 stocks have additional price upside potential even after recent gains. Consensus target prices are 10-15% above current levels.