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Wall Street's Most Accurate Analysts Say Sell These 3 Real Estate Stocks Delivering High-Dividend Yields

Published 05/02/2024, 13:36
Updated 05/02/2024, 14:40
© Reuters.  Wall Street's Most Accurate Analysts Say Sell These 3 Real Estate Stocks Delivering High-Dividend Yields

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. 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.

Uniti Group Inc. (NASDAQ: UNIT)

  • Dividend Yield: 11.45%
  • B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform and reduced the price target from $5 to $3.5 on Nov. 7, 2023. This analyst has an accuracy rate of 63%.
  • Morgan Stanley analyst Simon Flannery maintained an Underweight rating and cut the price target from $7 to $6 on June 1, 2023. This analyst has an accuracy rate of 67%.
  • Recent News: On Nov. 2, Uniti Group posted weaker-than-expected quarterly sales results.
Medical Properties Trust, Inc.
  • Dividend Yield: 26.83%
  • JP Morgan analyst Michael Lapides maintained an Underweight rating and cut the price target from $8 to $5 on Nov. 29, 2023. This analyst has an accuracy rate of 60%.
  • Wells Fargo analyst Connor Siversky maintained an Underweight rating and lowered the price target from $7 to $4 on Oct. 17, 2023. This analyst has an accuracy rate of 65%.
  • Recent News: Medical Properties Trust recently announced plans to recover uncollected rents and outstanding loan obligations from Steward Health Care System.
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National Storage Affiliates Trust
  • Dividend Yield: 5.94%
  • Wells Fargo analyst Todd Stender maintained an Underweight rating and raised the price target from $32 to $36 on Dec. 12, 2023. This analyst has an accuracy rate of 68%.
  • Evercore ISI Group analyst Steve Sakwa downgraded the stock from In-Line to Underperform and raised the price target from $32 to $35 on Dec. 11, 2023. This analyst has an accuracy rate of 61%.
  • Recent News: National Storage, during November, posted better-than-expected third-quarter sales.

Read More: Investor Optimism Improves Following Tech Earnings, Jobs Data; S&P 500 Gains For 4th Week

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

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