1 Financial Stock I'd Buy Right Now
It's tough right now for retail-focused real estate investment trusts (REITs) like Federal Realty Property Trust (NYSE: FRT). But the COVID-19 headwinds the company is facing will, eventually, fade. And when they do, this landlord should quickly recover. Right now is the time to buy while its stock is still on sale.
Federal Realty's dividend yield is a generous 5.3% today. That compares to less than 2% for the S&P 500 Index and 3.7% for the average real estate investment trust, using Vanguard Real Estate Index ETF as a proxy. In addition, the yield is near its highest levels since the deep 2008-09 recession. In fact, over the past decade, this is the first time that the yield has risen above 3.6%. Using yield as a rough proxy for valuation, Federal Realty looks pretty cheap right now.
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Source Fool.com
