Wall Street's Most Accurate Analysts Say Hold These 3 Real Estate Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three high-dividend-yielding real estate stocks: Equity Residential (EQR), STAG Industrial (STAG), and CubeSmart (CUBE). Despite recent downgrades and neutral ratings, these stocks have posted better-than-expected quarterly results.
May 16, 2024 | 11:56 am
News sentiment analysis
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NEUTRAL IMPACT
CubeSmart (CUBE) has maintained neutral ratings from analysts, with price targets slightly increased. The company reported upbeat quarterly sales.
Neutral ratings and slightly increased price targets suggest stability, while strong sales support a balanced outlook, leading to a neutral short-term impact.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Equity Residential (EQR) has been downgraded by Evercore ISI Group to In-Line with a price target of $70. Despite this, the company posted better-than-expected quarterly earnings.
The downgrade to In-Line suggests a neutral outlook, but the better-than-expected earnings provide a counterbalance, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
STAG Industrial (STAG) has received mixed analyst ratings, with RBC Capital maintaining a Sector Perform and Baird downgrading to Neutral. The company posted upbeat quarterly results.
Mixed analyst ratings create uncertainty, but the strong quarterly results provide a positive offset, resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100