Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 12% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three financial stocks with dividend yields over 12%: Two Harbors Investment Corp. (TWO), Ready Capital Corporation (RC), and Ares Commercial Real Estate Corporation (ACRE). These recommendations come amidst market turbulence, with recent financial performances including a wider-than-expected quarterly loss for TWO, downbeat quarterly results for RC, and a fourth-quarter profit for ACRE.
February 29, 2024 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Ready Capital Corporation offers a 12.49% dividend yield. Despite analyst support, recent downbeat quarterly results may concern investors.
The downbeat quarterly results could overshadow the attractive dividend yield, potentially leading to a negative short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Two Harbors Investment Corp. has a dividend yield of 14.38%. Analysts have mixed views but recent news shows a wider-than-expected quarterly loss.
The recent wider-than-expected quarterly loss could dampen investor sentiment despite the high dividend yield, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ares Commercial Real Estate Corporation, with a 13.87% dividend yield, posted a Q4 profit, potentially bolstering investor confidence.
The recent profit announcement for Q4 could enhance investor sentiment, likely leading to a positive short-term impact on the stock price, especially given the high dividend yield.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90