The Smartest Dividend Growth Stocks to Buy With $500 Right Now

Real estate investment trusts (REITs) have been out of favor on Wall Street for the past couple of thanks to interest rate volatility. That's understandable since higher rates increase financing costs for REITs. However, property markets eventually adjust to higher rates, and the current industry downturn could be an opportunity for dividend growth investors to buy some attractive REITs.Three REITs to look at today are W.P. Carey (NYSE: WPC), Agree Realty (NYSE: ADC), and Vici Properties (NYSE: VICI). Here's why.It might seem odd to talk about W.P. Carey in an article about dividend growth stocks, given that the company cut its dividend at the start of 2024. Or, rather, it reset the dividend. This is a fine distinction but one that truly matters here. At the end of 2023, the net lease REIT decided that it would exit the office sector in one quick move because of the financial troubles the property category faced (a net lease requires the tenant to pay most property-level operating costs). At 16% of rents, W.P. Carey had no choice but to reduce the dividend after making this strategic adjustment. Prior to that dividend reset, the dividend had been increased annually for 24 consecutive years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool