The S&P 500 may still be hitting new highs, but some stocks, including a few high-yield dividend stocks, have recently hit new lows.
For these stocks, investors have soured on their long-term prospects
They expect them to wind up as “yield traps” or “value traps,” where the stock’s high yield proves fleeting or potential losses outweigh gains from their quarterly cash payouts. Some of these stocks deserve these labels, but there are a handful where the market has arguably gone overboard with bearishness: Crown Castle (NYSE: CCI), Gaming & Leisure Properties (NASDAQ: GLPI), and Smithfield Foods (NASDAQ: SFD). Here’s why.
With Crown Castle, near-term worries contrast with long-term forecasts Crown Castle is a real estate investment trust (REIT) specializing in the ownership of cellphone towers. At current prices, this infrastructure REIT has a forward dividend yield of around 5.6%. Yes, management slashed the quarterly dividend back in 2025, from around $1.56 per share to $1.06 per share, in conjunction with a restructuring that included the sale of Crown Castle’s fiber and small-cell tower business.