With ongoing market volatility, investors are encouraged to protect their portfolios by focusing on high-yielding stocks. Real estate investment trusts (REITs), particularly Mid-Atlantic Apartment Communities (MAA), are highlighted as solid options, offering a dividend yield of over 4% and a growing rental market. MAA was recently placed on Goldman Sachs' Conviction List, with a target price of $192, and can provide significant annual returns from dividends. The demand for rental properties is increasing, as economic conditions encourage more people to rent rather than buy homes.
With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting.
If you were to invest $25,000 in the Mid-Atlantic Apartment Communities REIT, you'd take ownership of 167 shares.
Goldman Sachs just added the MAA stock to its Conviction List with a price target of $192 a share.
MAA also declared a quarterly dividend of $1.515 per share, payable on July 31 to shareholders of record as of July 15.
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