During periods of market volatility, investors often seek out dividend-yielding stocks. These companies typically boast strong free cash flow and reward shareholders with substantial dividend payouts.
To assist investors in navigating this landscape, Benzinga presents the latest analyst takes on three high-yielding real estate stocks: Simon Property Group (SPG), Crown Castle (CCI), and VICI Properties (VICI).
Simon Property Group (SPG)
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Dividend Yield:
5.19%*
Analyst Ratings:
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Stifel:
Analyst Simon Yarmak maintained a Buy rating and raised the price target from $152 to $157.5 on August 6th. Yarmak boasts a 65% accuracy rate.*
Argus Research:
Analyst Jacob Kilstein maintained a Buy rating and boosted the price target from $157 to $168 on June 11th. Kilstein has an accuracy rate of 63%.*
Recent News:
On August 5th, Simon Property Group reported exceeding second-quarter revenue expectations. The company also announced a dividend increase and issued strong guidance for fiscal year 2024.
Crown Castle Inc. (CCI)
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Dividend Yield:
5.73%*
Analyst Ratings:
*
B of A Securities:
Analyst David Barden maintained a Neutral rating and raised the price target from $110 to $115 on August 13th. Barden has a 69% accuracy rate.*
Deutsche Bank:
Analyst Matthew Niknam maintained a Hold rating and raised the price target from $103 to $105 on July 23rd. Niknam has a 63% accuracy rate.*
Recent News:
On August 7th, Crown Castle declared a quarterly cash dividend of $1.565 per common share.
VICI Properties Inc. (VICI)
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Dividend Yield:
5.23%*
Analyst Ratings:
*
Wells Fargo:
Analyst Heather Bellini maintained an Overweight rating and reduced the price target from $34 to $32 on March 6th. Bellini boasts a 76% accuracy rate.*
Mizuho:
Analyst Vikram Malhorta maintained a Buy rating and raised the price target from $32 to $33 on January 10th. Malhorta has a 61% accuracy rate.*
Recent News:
On July 31st, VICI Properties announced exceeding quarterly sales expectations.This information aims to provide investors with valuable insights into the current sentiment surrounding these three high-yielding real estate stocks. Remember to conduct thorough research and consider your individual investment goals before making any investment decisions.
