Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 12% Dividend Yields

Author: Avi Kapoor | February 29, 2024 08:50am

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 .

Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.

Two Harbors Investment Corp. (NYSE:TWO)

• Dividend Yield: 14.38%
• Keefe, Bruyette & Woods analyst Bose George maintained a Market Perform rating and raised the price target from $14 to $17 on Dec. 13, 2023. This analyst has an accuracy rate of 67%.
• UBS analyst Douglas Harter initiated coverage on the stock with a Neutral rating and a price target of $14.5 on Dec. 6, 2023. This analyst has an accuracy rate of 64%.
• Recent News: On Jan. 29, the company posted a wider-than-expected quarterly loss.

Ready Capital Corporation (NYSE:RC)

• Dividend Yield: 12.49%
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained a Market Perform rating and cut the price target from $10.5 to $10 on Nov. 14, 2023. This analyst has an accuracy rate of 75%.
• Wedbush analyst Jay McCanless initiated coverage on the stock with a Neutral rating and a price target of $11 on Oct. 17, 2023. This analyst has an accuracy rate of 87%.
• Recent News: On Feb. 27, Ready Capital posted downbeat quarterly results.

Ares Commercial Real Estate Corporation (NYSE:ACRE)

• Dividend Yield: 13.87%
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained a Market Perform rating and cut the price target from $10.25 to $8 on Feb. 26, 2024. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Richard Shane maintained a Neutral rating and slashed the price target from $9.5 to $8 on Feb. 23, 2024. This analyst has an accuracy rate of 68%.
• Recent News: On Feb. 22, Ares Commercial Real Estate posted a profit for the fourth quarter.

 

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Posted In: ACRE RC TWO