Dividend stocks have long been a cornerstone for investors seeking consistent passive income, and real estate investment trusts (REITs) are particularly attractive due to their regular dividend payouts. And with recent economic data points suggesting the Fed's path is finally clearing up for those long-awaited interest rate cuts, we may be on the brink of an increasingly favorable environment for real estate. That makes REITs a compelling option for income-focused investors, since lower borrowing costs will enhance their profitability and dividend-paying capacity.
Given this favorable backdrop, here's a look at three REITs - STAG Industrial (STAG), Whitestone REIT (WSR), and Agree Realty Corporation (ADC) - that not only pay dividends on a monthly basis, but also have a track record of at least two years of dividend growth, are buy-rated by analysts, and are trading below their mean price targets. These attributes make them excellent candidates for investors seeking consistent passive income, with a little bit of growth on the side.
