The following real estate stocks are thrashing the S&P 500 index with regard to the dividend yield. The S&P 500 index's dividend yield stood at 2.01% on Friday.
The forward dividend yields of the following stocks are based on their share prices at market close on Friday.
Government Properties Income Trust (GOV, Financial) closed at $7.67 on Friday. The share price declined 59% over the 52 weeks through Dec. 14, pushing the forward dividend yield up to 22.43%. The stock has underperformed the S&P 500 index by about 40%. The stock has a market capitalization of approximately $761 million, a price-book ratio of 0.61 compared to an industry median of 1.1 and a price-earnings ratio of 383.5 versus an industry median of 15.5.
The share price is below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $7.65 to $17.21.
Government Properties Income Trust is a real estate investment trust that owns properties throughout the U.S. and office properties in the metropolitan Washington D.C. area. The properties are leased to government tenants and office properties are leased to government and private tenants.
GuruFocus assigned the company a financial strength rating of 4 out of 10 and a profitability and growth rating of 6 out of 10.
The stock has a recommendation rating of 3.4 out of 5 and an average target price of $11.96 per share.
Washington Prime Group Inc. (WPG, Financial) closed at $6.15 per share on Friday, following a 13% drop in the share price for the 52 weeks through Dec. 14. The market capitalization is $1.14 billion. The decline pushed the forward dividend yield up to 16.26% compared to an industry median of 5.84%. The stock has a price-earnings ratio of 15.77 versus an industry median of 15.5.
The share price is below the 200-, 100- and 50-day simple moving average lines. The closing share price on Friday was nearly 14% higher than the 52-week low of $5.40 and 36.1% lower than the 52-week high of $8.44.
Washington Prime is a Columbus, Ohio-based REIT that invests in shopping centers.
GuruFocus assigned the company a financial strength rating of 4 out of 10 and a profitability and growth rating of 7 out of 10.
The recommendation rating is 3 out of 5, and the average target price is $6.30 per share.
Spirit MTA REIT's (SMTA, Financial) stock closed at $8.89 on Friday. The market capitalization is about $382.28 billion. The forward dividend yield is 14.85% compared to an industry median of 5.84%. For the six months through Dec. 14, the share price has decreased 14% and fallen below the 50-day simple moving average line. The price-book ratio is 2.11 versus an industry median of 1.1 and the price-sales ratio is 2.95 versus an industry median of 7.55. The 52-week range is $8.5 to $11.61 per share.
The Dallas-based REIT is invested in a portfolio of over 900 single-tenant properties.
GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 4 out of 10.
Disclosure: I have no positions in any securities mentioned in this article.
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