RQI: 2024 Real Estate Pick, 8% Yield, 6% Discount, Monthly Payer

Summary

  • The real estate sector has gained nearly 16% in the past three months due to the Fed's dovish stance on interest rates.
  • The Cohen & Steers Quality Income Realty Fund is a closed-end fund that offers diversified exposure to real estate assets.
  • RQI yields 7.84%, pays monthly, and has a deeper-than-average discount to NAV.
  • Looking for more investing ideas like this one? Get them exclusively at Hidden Dividend Stocks Plus. Learn More »
Multi color Leaves in Neighbourhood Park at Weston Road and Major MacKenzie Dr. , Woodbridge, Canada

jimfeng

With the Fed having a more dovish stance on interest rates, certain sectors stand to have an edge in 2024. Real estate is one of them. This sector has led all others over the past three months, gaining nearly 16%:

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This article was written by

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Robert Hauver, MBA, aka “Double Dividend Stocks” was VP of Finance for an industry-leading corporation for 18 years and has been investing for more than 30 years. He focuses on undercovered and undervalued income vehicles and he leads the investing group Hidden Dividend Stocks Plus.

With Hidden Dividend Stocks Plus he scours the world's markets to find solid income opportunities with dividend yields ranging from 5% to 10% or more, backed by strong earnings. Features include: a portfolio with up to 40 holdings at a time including links to associated articles, a dividend calendar, weekly research articles, exclusive ideas, and trade alerts. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RQI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: This article was written for informational purposes only, and is not intended as personal investment advice. Please practice due diligence before investing in any investment vehicle mentioned in this article.

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