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Many investors looking for good yields and exposure to the real estate market turn to REITs. While yield is important, it is even more important to preserve capital and invest in stocks that will increase in value over time. We found 8 REITs with average price targets that are at least 5% greater than the current price. Each of these stocks has a dividend yield of 3% or more. We have listed the price target for each stock as well as the upside potential to the price target. We will also dig into the dividend fundamentals of each REIT.

Retail Opportunity Investments (NASDAQ:ROIC)

Retail Opportunity Investments has an average price target of $13.31 and was recently trading at $12.06 ,which is 10.3% lower than the average price target. ROIC owns and leases shopping centers and has a dividend yield of 4%. The company started paying dividends in 2010 and has increased its dividend each year since. ROIC is up over 8% in the last 12 months.

Mid America Apartment (NYSE:MAA)

Mid America Apartment Communities has a price target of $70 per share and was recently trading at $65.7 which is 7% below the average price target. MAA owns and operates apartment units in the Sunbelt region. It has a dividend yield of 4.1%. The company started paying dividends in 1994 and after pausing its dividend increases in 2009 it has increased its dividend every year since.

Glimcher Realty Trust (NYSE:GRT)

Glimcher Realty Trust has an average price target of $11 and was recently trading at $10.27 which is 7.1% less than the average price target. GRT owns and manages retail properties in Maryland. It has a dividend yield of 4% and started paying dividends in 1994. The company has not increased its dividend since it was cut in 2009.

American Assets Trust (NYSE:AAT)

American Assets Trust has a price target of $24.24 and was recently trading at $22.7 which is 6.4% less than the average price target. AAT develops retail and office properties on the West Coast and in Hawaii. The company just started paying dividends in 2011 has a dividend yield of 3.7%. It is on track to increase its dividend in 2012.

National Retail Properties (NYSE:NNN)

National Retail Properties has an average price target of $28.39 and was recently trading at $26.78 which is 6% below the average price target. NNN's assets include mortgages, physical properties and notes receivable. The company started paying dividends in 1990 and has a dividend yield of 5.8%. NNN has increased its dividend for 19 consecutive years.

Colonial Properties Trust (NYSE:CLP)

Colonial Properties has an average price target of $30.75 and was recently trading at $29.22 which is 5.2% lower than its average price target. CLP operates and owns multi-family properties and has a dividend yield of 3%. The company started paying dividends in 1994 an recently raised its dividend by 20% for 2012.

Other REITs with Higher Price Targets

There are two other stocks that make this list but each has had recent dividend cuts. Generally we do not like to invest in stocks with recent cuts to the dividend but we think each is worth noting for this list.

Anworth Mortgage Asset Corp (NYSE:ANH) has an average price target of $7.34 and was recently trading at $6.62 giving it over 10% of upside to the average price target set by investment firms. ANH invests in mortgage backed securities and has a dividend yield of 12.8%.

ARMOUR Residential (NYSE:ARR) has an average price target of $7.35 and was recently trading at $6.65 giving it upside potential of 10.5% to its average price target. ARMOUR invests in residential mortgage backed securities and has a dividend yield of 18%.

Source: 8 REITs Analysts Think Are Going Higher