The real estate investment trust industry was one of the worst-affected sectors during the pandemic. According to a NAREIT outlook analysis, vacancy rates continued to grow in 2020 and may continue to rise in 2021. Global REIT share prices fell by 42 percent last year, while global equity markets lost $27 trillion. Despite the massive detrimental impact of the COVID-19 epidemic on the REIT business, the industry is anticipated to rebound. In 2021, both NAREIT and Hazel View Investments foresee a strong comeback in the REIT business.
Insider Monkey analyzed the best REIT dividend stocks according to hedge funds. Hedge funds rate Essex Property Trust, Inc. 10th on the list of the best REIT dividend stocks. The firm is a fully integrated real estate investment trust that focuses on the acquisition and development of multifamily residential assets on the West Coast. UDR, Inc. is ranked 9th on the list of the best REIT dividend stocks. Through its excellent management of real estate communities in chosen US areas, the company has provided superior and consistent returns. The price objective on UDR’s stock was raised by KeyBanc from $55 to $46. Hedge funds put Simon Property Group, Inc. eighth on our list of the best REIT dividend stocks. The company is a real estate investment trust that works with high-end shopping, dining, entertainment, and mixed-use properties. MGM Growth Properties is a publicly traded real estate investment trust that buys and rents large-scale entertainment and leisure facilities around the world. According to Hedge Funds analysis, the company ranks 7th on the list of the best REIT dividend stocks according to hedge funds. Hedge funds rate Sun Communities, Inc. sixth on our list of the best REIT dividend stocks. The corporation owns and administers a portfolio of 432 communities in 32 states and Ontario, with about 146,000 developed properties. For more details, click 10 Best REIT Dividend Stocks According to Hedge Funds.