Power Play: Betting on REITs

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With stock picking making a comeback due to market volatility, many investors are taking a look at dividend paying stocks. Big companies, including United Technologies and Sunoco, have hiked their quarterly payouts in recent days.

So which stocks are poised to return money to investors? One market veteran is betting on Real Estate Investment Trusts or REITs.

"They are in the right locations, have a steady stream of cash. REITs are designed for yield investors. They are dependable. You know what you are getting," Art Hogan, Chief Market Strategist at Wunderlich Securities, told Power Lunch on Tuesday.

One of Hogan's top picks is City Office REIT. Shares of City Office are flat on Tuesday, but are up three percent over the past year.