Mid-America Apartment Communities and Essex Property Trust have a lot in common, but one seems to be a slightly better buy.
On the bright side, the sell-off pushed up dividend yields, making many of these investments more attractive. Three dividend stocks that stand out for their dividend strength these days to a few contributors from the Motley Fool are Essex Property Trust (NYSE: ESS), Kimco Realty (NYSE: KIM), and Digital Realty Trust (NYSE: DLR). The share prices for all three real estate investment trusts (REITs) are down right now -- driving up their dividend yields to attractive levels -- but these prices might not last long.
The pandemic and record-low interest rates combined to spark a housing market rally that drove home prices and apartment rental rates to unprecedented heights. Now, rising interest rates and recession fears have turned that tide. The stock market feeds on growth, of course, and the sudden lack of it has caused a lot of investors to bail out, driving down the price of some real estate investment trusts (REITs) that now deserve serious consideration.