The following real estate investment trusts (REITs) are interesting because each one bears a balance sheet not too different from those considered desirable in Benjamin Graham’s classic “The Intelligent Investor.” Graham, of course, is deemed the father of value investing and greatly influenced Warren Buffett, his student at Columbia University.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Companies Reporting Before The Bell
• Lakeland Financial (NASDAQ:LKFN) is estimated to report quarterly earnings at $0.95 per share on revenue of $59.26 million.
One of the big reasons for investing in real estate investment trusts (REITs) is the kind of dividends many pay. While Treasury bonds are just beginning to catch up with inflation, some REITs offer better yields as long as investors are willing to accept the risks attached to owning them.
Here are seven REITs with better-than-average, hard-to-ignore dividend yields:
Dynex Capital, Inc. Announces CFO Leadership Transition
Stephen J. Benedetti to step down after 28 years of service and Robert S. Colligan appointed CFO
Dynex Capital, Inc. (NYSE:DX) (the "Company") announced
Keefe, Bruyette & Woods upgraded its rating of Dynex Cap (NYSE:DX) to Outperform with a price target of $18.75, changing its price target from $17.00 to $18.75.
Shares of Dynex Cap are trading up 1.77% over the last 24 hours, at $16.36 per share.