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Real Estate Investment Trust (REIT) stocks have come off their highs recently, so it's a good time to consider them again for their high yields. These stocks are particularly attractive to buy in a tax deferred account since you can defer taxes on the high dividend yields they offer.

Over time, the U.S. economy appears to be generally improving. However, a soft patch may appear for the next few months, but that should not affect these stocks much. It seems highly likely that some of these stocks have significant upside potential. And while you wait, the dividends are extremely attractive. Here are the stocks to consider for your IRA or other tax deferred accounts:

Monmouth Real Estate Investment (MNR), is trading at around $8.43. Monmouth is based in New Jersey and invests primarily in industrial properties. These shares have traded in a range between $7 to $8.87 in the last 52 weeks. The 50 day moving average is $8.25 and the 200 day moving average is $8.01. The book value is stated at $5.22.

What Monmouth investors might be seeing: Financial results have been improving for this company. Monmouth reported net income of $3,766,000 or $0.11 per common share for the three months ended December 31, 2010, as compared to $1,844,000 or $0.07 per common share for the three months ended December 31, 2009. MNR pays a solid dividend of 60 cents per share which is equivalent to a 7.4% yield.

Piedmont Office Realty Trust (PDM), is trading around $20.40. Piedmont is based in Georgia and invests primarily in office and industrial properties. These shares have traded in a range between $15.46 to $21 in the last 52 weeks. The 50 day moving average is $19.67 and the 200 day moving average is $18.97. The book value is stated at $16.03.

What Piedmont investors might be seeing: Piedmont is seeking to acquire additional properties and has a strong balance sheet. This should allow it to buy more real estate at attractive valuations. PDM pays a solid dividend of $1.26 per share which is equivalent to a 6.6% yield.

One Liberty Properties, (OLP) is trading around $15.71. One Liberty is based in New York and invests primarily in commercial properties. These shares have traded in a range between $13.74 to $18.80 in the last 52 weeks. The 50 day moving average is $15.27 and the 200 day moving average is $15.37. The book value is stated at $16.13.

What One Liberty investors might be seeing: Financial results have been improving for this company as total revenues for the three months ended December 31, 2010 increased 9.9% to $10.66 million compared to $9.70 million for the three months ended December 31, 2009. OLP pays a solid dividend of $1.32 per share which is equivalent to a 8.7% yield.

Inland Real Estate (IRC), is trading around $9. Inland is based in Illinois and invests primarily in shopping centers and retail properties. These shares have traded in a range between $7.17 to $10.29 in the last 52 weeks. The 50 day moving average is $9.22 and the 200 day moving average is $8.67. The book value is stated at $4.53.

What Inland investors might be seeing: Inland recently reported 2010 results which saw a rise in revenues to $44.2 million from $40.8 million. Also, leased occupancy for the REIT's total portfolio rose to 93.3% at the end of the quarter. IRC pays a solid dividend of 57 cents per share which is equivalent to a 6.1% yield.

Chimera Investment Corporation (CIM) is trading around $3.91. Chimera is a real estate investment trust and is based in New York. These shares have traded in a range between $3.51 to $4.36 in the last 52 weeks. The 50 day moving average is $3.94 and the 200 day moving average is $3.87. CIM is estimated to earn about 61 cents per share in 2011. Insiders have been buying, you can see that here.

What Chimera investors might be seeing: CIM pays a solid dividend of 56 cents per share which is equivalent to a 14% yield. The book value is stated at $3.45.

Disclaimer: The data is sourced from Yahoo Finance and stockcharts.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes.

Source: 5 High Yield REITs for Your IRA