Xenia Hotels & Resorts, a leading REIT specializing in luxury and upper-upscale hotels, has declared a cash dividend of $0.12 per share for the third quarter of 2024. This dividend reflects the company’s strong financial performance and commitment to shareholder value.
Medical Properties Trust (MPW) stock received an upgrade to Buy from Colliers Securities with a $6.5 price target. Truist Securities maintained a Hold rating but raised its price target to $6. The upgrade follows a global settlement with tenant Steward Health Care System, secured lenders, and unsecured creditors. The settlement covers 23 hospitals, with 15 already leased to new tenants. Despite anticipated earnings dilution, analysts remain optimistic about the long-term prospects of MPW.
Mid-America Apartment Communities (MAA) remains a strong player in the apartment market, despite challenges from rising supply and interest rates. Its focus on the Sunbelt region, coupled with a robust redevelopment program and investments in technology, positions the company for continued growth. MAA’s solid balance sheet and attractive dividend payouts further enhance its appeal.
Rexford Industrial Realty, Inc., a real estate investment trust (REIT) focused on industrial properties in Southern California, announced its participation in two upcoming industry conferences. The company will present at the Barclays 22nd Annual Global Financial Services Conference on September 9th and the Bank of America Securities 2024 Global Real Estate Conference on September 10th.
Goldman Sachs analyst Julien Blouin has initiated coverage on several multifamily and single-family rental REITs, forecasting strong growth for the latter. Blouin expects single-family REITs like American Homes 4 Rent (AMH) and Invitation Homes (INVH) to experience significant same-store revenue growth in 2025 and 2026 due to favorable demographics, home affordability, and easing rental supply pressures. However, Blouin is more cautious on urban-focused multifamily REITs, anticipating a supply challenge in some markets.
DiamondRock Hospitality Company (NYSE: DRH) has announced the declaration of quarterly dividends for both its common and preferred stockholders. The common share dividend will be paid on October 11, 2024, while the preferred stock dividend will be paid on September 30, 2024.
Essex Property Trust (ESS) has seen its stock surge 23.1% in the past six months, outperforming the industry. The company, focused on the West Coast residential market, is benefiting from strong rental demand and technology investments. Analysts are bullish, predicting continued growth, and its solid balance sheet and dividend payouts further support its investment appeal.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has announced the release date for its third-quarter financial results. The company will release its earnings report on November 6th and host a conference call on November 7th to discuss the results.
Ashford Hospitality Trust, a leading real estate investment trust (REIT) specializing in upscale hotels, will announce its third-quarter 2024 financial results on November 5th. A conference call to discuss the earnings will follow on November 6th.
COPT Defense, a real estate investment trust specializing in suburban office properties, offers a compelling investment opportunity for income investors. With a 4.03% dividend yield, consistent dividend growth, and strong earnings expectations, CDP presents an attractive combination of income generation and potential capital appreciation.
