Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks Delivering High-Dividend Yields

Author: Lisa Levin | September 12, 2023 08:56am

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 financial sector.

New York Mortgage Trust, Inc. (NASDAQ:NYMT)

• Dividend Yield: 12.94%
• Credit Suisse analyst Douglas Harter reiterated a Neutral rating with a price target of $12 on May 22, 2023. This analyst has an accuracy rate of 69%.
• Keefe, Bruyette & Woods analyst Bose George maintained a Market Perform rating and raised the price target from $10 to $10.25 on May 10, 2023. This analyst has an accuracy rate of 69%.
• Recent News: New York Mortgage Trust reported worse-than-expected second-quarter financial results.

Two Harbors Investment Corp. (NYSE:TWO)

• Dividend Yield: 13.26%
• Citigroup analyst Arren Cyganovich maintained a Neutral rating and raised the price target from $13 to $14 on Aug. 8, 2023. This analyst has an accuracy rate of 66%.
• Credit Suisse analyst Douglas Harter reiterated a Neutral rating with a price target of $14 on Aug. 2, 2023. This analyst has an accuracy rate of 69%.
• Recent News: Two Harbors Investment posted a loss for the second quarter.

PennyMac Mortgage Investment Trust (NYSE:PMT)

• Dividend Yield: 12.45%
• Wells Fargo analyst Noah Kaye maintained an Equal-Weight rating and cut the price target from $15 to $13 on May 8, 2023. This analyst has an accuracy rate of 77%.
• Keefe, Bruyette & Woods analyst Bose George maintained a Market Perform rating and increased the price target from $12 to $13 on May 2, 2023. This analyst has an accuracy rate of 69%.
• Recent News: PennyMac Mortgage Investment Trust reported worse-than-expected second-quarter financial results.

Read More: Investor Optimism Improves Further After Nasdaq Surges 1%

Posted In: NYMT PMT TWO