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These 3 Real Estate Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Published 03/04/2024, 14:12
Updated 03/04/2024, 15:40
© Reuters.  These 3 Real Estate Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

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 .

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

Sun Communities, Inc. (NYSE: SUI)

  • Dividend Yield: 3.05%
  • BMO Capital analyst John Kim maintained an Outperform rating and cut the price target from $143 to $140 on Jan. 22, 2024. This analyst has an accuracy rate of 61%.
  • Evercore ISI Group analyst Steve Sakwa maintained an Outperform rating and boosted the price target from $128 to $132 on Nov. 27, 2023. This analyst has an accuracy rate of 60%.
  • Recent News: Sun Communities said it will release first quarter 2024 operating results after the closing bell on April 29, 2024.
Prologis, Inc.

  • Dividend Yield: 3.06%
  • Morgan Stanley analyst Ronald Kamdem maintained an Overweight rating and raised the price target from $128 to $141 on Jan. 24, 2024. This analyst has an accuracy rate of 60%.
  • Raymond James analyst William Crow maintained a Strong Buy rating and increased the price target from $130 to $145 on Jan. 24, 2024. This analyst has an accuracy rate of 72%.
  • Recent News: Prologis is expected to report first quarter results on April 17, 2024.
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Invitation Homes Inc.

  • Dividend Yield: 3.22%
  • Raymond James analyst Buck Horne maintained an Outperform rating and raised the price target from $37 to $39 on March 28, 2024. This analyst has an accuracy rate of 74%.
  • Oppenheimer analyst Tyler Batory maintained an Outperform rating and boosted the price target from $35 to $40 on Jan. 5, 2024. This analyst has an accuracy rate of 71%.
  • Recent News: On March 15, Invitation Homes declared a quarterly cash dividend of 28 cents per share payable on shares of its common stock.

Read More: Investor Sentiment Improves, But Dow Falls Over 200 Points

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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