"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."
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.
Read at 24/7 Wall St.
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