Investing

5 Analyst Favorite 'Strong Buy' Stocks With Expected Dividend Hikes This Week

Rexford Industrial Realty

This company could really take off if the current economic expansion is sustained, and it is a member of the BofA Securities US 1 list of top stock picks. Rexford Industrial Realty (NYSE: REXR) is a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets. It owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

The company has plans to grow its portfolio and earnings through market rent and occupancy growth, and a large pipeline of acquisitions in the same region.

Rexford Industrial Realty stock investors currently receive a dividend of 1.33%. The $0.240 per share dividend is expected to rise to $0.265.

The BofA Securities price target of $90, compares with the $84.38 consensus target. At one point on Monday, the share price was $71.80.

T. Rowe Price

This money management and mutual fund giant is a great addition for inventors looking for conservative financial ideas. T. Rowe Price Group Inc. (NASDAQ: TROW) is a publicly owned investment manager.

It provides its services to individuals, institutional investors, retirement plans, financial intermediaries and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach.

T. Rowe Price utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million.

The current dividend yield is 2.92%. A huge raise is expected, with the dividend going to $1.22 per share from $1.08.

The T. Rowe Price stock’s price target at BMO Capital Markets is $198. The consensus target is lower at $167.45, and shares were trading at $152.80.

Five top blue-chip companies that all are rated Buy across Wall Street and are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.

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