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These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Published 31/10/2023, 10:57
© Reuters.  These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
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Benzinga - by Lisa Levin, Benzinga Editor.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.

Welltower Inc. (NYSE: WELL)

  • Dividend Yield: 2.98%
  • Keybanc analyst Todd Thomas maintained an Overweight rating and raised the price target from $80 to $90 on Oct. 19, 2023. This analyst has an accuracy rate of 63%
  • Wells Fargo analyst Todd Stender maintained an Overweight rating and increased the price target from $89 to $93 on Aug. 7, 2023. This analyst has an accuracy rate of 72%.
  • Recent News: Welltower posted better-than-expected sales for its third quarter.
First Industrial Realty Trust, Inc.
  • Dividend Yield: 3.08%
  • Truist Securities analyst Ki Bin Kim maintained a Buy rating and cut the price target from $60 to $48 on Oct. 24, 2023. This analyst has an accuracy rate of 65%.
  • Baird analyst David Rodgers maintained an Outperform rating and increased the price target from $60 to $63 on April 24, 2023. This analyst has an accuracy rate of 61%.
  • Recent News: First Industrial Realty reported stronger-than-expected sales results for the third quarter.
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EastGroup Properties, Inc.
  • Dividend Yield: 3.15%
  • Raymond James analyst William Crow upgraded the stock from Market Perform to Outperform with a price target of $180 on Oct. 27, 2023. This analyst has an accuracy rate of 72%.
  • Keybanc analyst Todd Thomas maintained an Overweight rating and raised the price target from $174 to $188 on July 12, 2023. This analyst has an accuracy rate of 63%.
  • Recent News: The company said net income attributable to common stockholders increased to $1.07 per diluted share for the third quarter, up from $0.87 per diluted share in the year-ago quarter.

Read More: This Oil Giant Is 'Not Great, Not Bad,' But Jim Cramer Says 'I'm Sticking With My Coterra'

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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