3 Dividend Stocks To Watch As Fed Weighs Interest Rate Cuts
Portfolio Pulse from Surbhi Jain
As the Federal Reserve considers cutting interest rates, dividend-paying stocks become more attractive. Ned Davis Research highlights that companies capable of growing their dividends signal strong cash flows and balance sheets. Three REIT stocks—Host Hotels & Resorts Inc (HST), Equinix Inc (EQIX), and Prologis Inc (PLD)—are recommended for their strong dividend growth potential.
August 13, 2024 | 3:01 pm
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POSITIVE IMPACT
Equinix Inc (EQIX) offers a 2.08% dividend yield and is rated a Buy with a price target of $844.15. The stock is up 8.61% YTD, driven by demand for data centers and AI growth.
EQIX's dividend yield and positive YTD performance, coupled with its Buy rating and AI-driven growth, indicate potential for further gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Host Hotels & Resorts Inc (HST) offers a 5% dividend yield and is considered a Buy with a price target of $20.95. Despite recent declines, the stock has upside potential as travel demand stabilizes.
HST's strong dividend yield and Buy rating suggest potential for price appreciation, especially as travel demand stabilizes. The stock's recent decline may present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Prologis Inc (PLD) offers a 3.2% dividend yield and is rated a Buy with a price target of $140.60. Despite a rough patch earlier this year, the company has raised its full-year forecast, indicating a potential recovery.
PLD's dividend yield and improved full-year forecast suggest recovery potential. The Buy rating and price target indicate room for price appreciation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80