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Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields
Crown CastleCrown Castle(US:CCI) Benzingaยท2024-08-16 12:30

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Simon Property Group, Inc. (SPG) - Dividend Yield is 5.19% [3] - Stifel analyst Simon Yarmak maintained a Buy rating and raised the price target from $152 to $157.5 on August 6, with an accuracy rate of 65% [3] - Argus Research analyst Jacob Kilstein also maintained a Buy rating, increasing the price target from $157 to $168 on June 11, with an accuracy rate of 63% [3] - Recent news includes better-than-expected second-quarter revenues, a raised dividend, and strong FY24 guidance reported on August 5 [3] Group 2: Crown Castle Inc. (CCI) - Dividend Yield is 5.73% [4] - B of A Securities analyst David Barden maintained a Neutral rating and increased the price target from $110 to $115 on August 13, with an accuracy rate of 69% [4] - Deutsche Bank analyst Matthew Niknam maintained a Hold rating and raised the price target from $103 to $105 on July 23, with an accuracy rate of 63% [4] - Recent news includes the declaration of a quarterly cash dividend of $1.565 per common share on August 7 [4] Group 3: VICI Properties Inc. (VICI) - Dividend Yield is 5.23% [5] - Wells Fargo analyst Heather Bellini maintained an Overweight rating but cut the price target from $34 to $32 on March 6, with an accuracy rate of 76% [5] - Mizuho analyst Vikram Malhorta maintained a Buy rating and raised the price target from $32 to $33 on January 10, with an accuracy rate of 61% [5] - Recent news includes better-than-expected quarterly sales reported on July 31 [5]