Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings on three high-yielding real estate stocks: Uniti Group Inc. (UNIT), Clipper Realty Inc. (CLPR), and Easterly Government Properties, Inc. (DEA). UNIT has been downgraded by B of A Securities, CLPR has been downgraded by Raymond James and JMP Securities, and DEA has been downgraded by RBC Capital.
August 29, 2024 | 12:09 pm
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NEGATIVE IMPACT
Clipper Realty Inc. (CLPR) has been downgraded by Raymond James and JMP Securities. Despite better-than-expected Q2 results, the downgrades indicate potential concerns.
The downgrades by two analysts, despite positive Q2 results, suggest underlying concerns that may impact the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Easterly Government Properties, Inc. (DEA) has been downgraded by RBC Capital to Underperform, with a price target cut to $13. The company posted upbeat sales recently.
The downgrade and price target reduction by RBC Capital, despite strong sales, suggest a cautious outlook that may lead to a short-term decline in DEA's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Uniti Group Inc. (UNIT) has been downgraded by B of A Securities from Neutral to Underperform, with a price target cut from $5 to $3.5. The stock recently posted downbeat earnings.
The downgrade by a reputable analyst and the significant cut in price target suggest a negative outlook for UNIT. The recent downbeat earnings further support a likely short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100