The US stock market has been volatile in recent weeks, with investors bracing for a potential correction. As a result, many are turning to dividend stocks as a defensive play to weather the storm. Two such stocks that have recently received analyst recommendations are Ellington Financial (EFC) and Global Medical REIT (GMRE).
Ellington Financial is a real estate investment trust (REIT) with a strong focus on mortgage loans and mortgage-backed securities. The company boasts $13.7 billion in total assets under management, thanks to its experienced senior portfolio managers who have an average of 30 years of industry experience. Ellington’s dividend payment is supported by its financial results, and analysts expect the stock to perform well over the next four quarters.
The key point from analyst Michael Diana is that EFC’s combined dividend-plus-share appreciation is high, with a projected yield of 11.5% and stock price appreciation of 13% in the next four quarters. With a strong Buy consensus rating based on five recent analyst reviews, Ellington Financial is a solid choice for investors seeking a reliable income stream.
On the other hand, Global Medical REIT targets quality properties in the healthcare system, emphasizing those operated by profitable healthcare systems and physician groups. The company’s portfolio includes 190 buildings across the US, comprising a total of 4.76 million square feet of leasable space. Analyst Merrill Ross expects the stock to perform well due to an expected bond market rally, which could accelerate CRE transaction activity.
Global Medical REIT has a Moderate Buy consensus rating based on six recent analyst reviews, with a projected one-year return of 59% and an upside potential of 49%. With its strong adjusted funds from operations (AFFO) and solid dividend yield, this stock is an attractive option for investors seeking to capitalize on the growth in the healthcare sector.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Source: https://www.tipranks.com/news/seeking-up-to-11-dividend-yield-analysts-suggest-2-dividend-stocks-to-buy-2