Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding real estate stocks: Brandywine Realty Trust (BDN), Service Properties Trust (SVC), and OUTFRONT Media Inc. (OUT). These stocks offer dividend yields over 8%, making them attractive to investors seeking income during market turbulence.
June 18, 2024 | 1:15 pm
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NEUTRAL IMPACT
Brandywine Realty Trust (BDN) has received mixed ratings from analysts. Truist Securities maintained a Buy rating but cut the price target to $6, while Deutsche Bank initiated coverage with a Hold rating and a $5.5 price target. BDN will release its Q2 earnings on July 23.
The mixed analyst ratings and the upcoming earnings release create uncertainty around BDN's short-term price movement. The high dividend yield may attract some investors, but the lowered price targets could limit upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
OUTFRONT Media Inc. (OUT) has received mixed ratings from analysts. Morgan Stanley maintained an Equal-Weight rating and cut the price target to $12, while Citigroup maintained a Buy rating and lowered the price target to $18. OUT recently closed the sale of its Canadian business.
The mixed ratings and recent business sale create a neutral outlook for OUT's short-term price. The high dividend yield may attract some investors, but the lowered price targets suggest limited upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Service Properties Trust (SVC) has also received mixed ratings. B. Riley Securities maintained a Buy rating but cut the price target to $9, while Wells Fargo maintained an Underweight rating and lowered the price target to $5.75. SVC recently appointed Jesse Abair as Vice President.
The mixed ratings and significant difference in price targets create uncertainty for SVC's short-term price. The high dividend yield and new VP appointment may provide some stability, but the overall outlook remains cautious.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100