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.
Summit Hotel Properties, Inc. (NYSE: INN)
- Dividend Yield: 4.13%
- Raymond James analyst William Crow maintained an Outperform rating and cut the price target from $10 to $8.5 on March 29, 2023. This analyst has an accuracy rate of 72%.
- Deutsche Bank analyst Chris Woronka maintained a Buy rating and slashed the price target from $14 to $11 on Oct. 25, 2022. This analyst has an accuracy rate of 62%.
- Recent News: Summit Hotel Properties posted better-than-expected quarterly sales.
- Dividend Yield: 4.17%
- Scotiabank analyst Nicholas Yulico upgraded the stock from Sector Perform to Sector Outperform and raised the price target from $44 to $45 on Aug. 30, 2023. This analyst has an accuracy rate of 66%.
- JP Morgan analyst Anthony Paolone maintained an Overweight rating and cut the price target from $49 to $44 on Aug. 21, 2023. This analyst has an accuracy rate of 72%.
- Recent News: UDR reported worse-than-expected second-quarter revenue results.
- Dividend Yield: 4.64%
- Raymond James analyst Jonathan Hughes maintained an Outperform rating and cut the price target from $53 to $50 on Aug. 31, 2023. This analyst has an accuracy rate of 64%.
- Wells Fargo analyst Todd Stender maintained an Overweight rating and cut the price target from $50 to $46 on Aug. 7, 2023. This analyst has an accuracy rate of 74%.
- Recent News: CubeSmart posted upbeat sales results for the latest quarter.
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