Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 7% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding real estate stocks: Medical Properties Trust, Service Properties Trust, and Easterly Government Properties. These stocks offer dividend yields of over 7%, making them attractive to investors seeking stable returns during market turbulence.
August 02, 2024 | 11:59 am
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NEUTRAL IMPACT
Medical Properties Trust has received mixed ratings from analysts. Truist Securities raised its price target to $5, while RBC Capital downgraded it to Sector Perform with a $5 target. The company will discuss its Q2 financial results on August 8.
The mixed analyst ratings and upcoming Q2 financial results create uncertainty around MPW's short-term stock price. The dividend yield remains attractive, but the stock's performance will depend on the financial results and market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Service Properties Trust has a high dividend yield of 14.60%. Analysts have given it an Underweight and Hold rating with price targets of $7.5 and $8, respectively. The company announced a regular quarterly cash distribution of 20 cents per share.
The high dividend yield is attractive, but the Underweight and Hold ratings suggest limited upside potential. The regular cash distribution provides some stability, but the stock may face pressure due to the cautious analyst outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Easterly Government Properties has a dividend yield of 7.84%. Analysts have downgraded the stock and reduced price targets. However, the company posted upbeat quarterly sales on July 31, indicating potential for a positive breakout.
Despite the downgrades and reduced price targets, the upbeat quarterly sales suggest potential for a positive breakout. The dividend yield remains attractive, and the stock could see short-term gains if the positive sales trend continues.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100