Profit Like a Landlord Without the Headaches
LXP is what I'd describe as an "alpha stock" among the diversified REIT sector.
If you're looking for another REIT that has an even higher payout yield (6.7%)and specializes in residential properties such apartments and single-family rental homes check out Select Income REIT (SIR) .
From a valuation perspective I'm ranking it as close to a #1 as any I'm aware of with the possible exception of Agree Realty (ADC) , which has a yield to price of 5.9%.
At the time of publication the author had positions in all the stocks mentioned.Follow @m8a2r1 This article was written by an independent contributor, separate from TheStreet's regular news coverage. Most large-cap stocks were once small and mid-cap stocks. Bryan Ashenberg is here to help you find the cream of the crop amongst the market chaos.