Investing

8 'Strong Buy' Analyst Favorites With Big, Dependable Dividends Are Ideal Q2 Picks

The health care giant offers an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products, including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and it has approximately 86 million customer relationships throughout the world.

Cigna stock investors receive a dividend of 1.92%. Raymond James has a $275 price target, and the consensus target is $261.48. The shares closed on Thursday at $242.10.

Kite Realty

The shares of this company have had a nice move and look poised to trade higher. Kite Realty Group Trust (NYSE: KRG) is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

The company connects consumers to retailers in desirable markets through its portfolio of neighborhood, community and lifestyle centers. Using operational, development and redevelopment expertise, the company continuously optimizes its portfolio to maximize value and return to its shareholders.

Shareholders receive a 3.41% distribution. The $27 Raymond James price target is just higher than the $26.36 consensus target. Kite Realty stock closed on Thursday at $22.02.

Public Storage

This giant self-storage leader has always been a go-to REIT stock for income investors. Public Storage Inc. (NYSE: PSA) is a fully integrated, self-administered and self-managed REIT that primarily acquires, develops, owns and operates self-storage facilities.

As of September 30, 2020, the company had interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States. It had an approximate 35% common equity interest in Shurgard Self Storage, which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand.

Furthermore, Public Storage had an approximate 42% common equity interest in PS Business Parks, which owned and operated approximately 28 million rentable square feet of commercial space.

Investors receive a 2.25% distribution. Raymond James has set a $375 price objective. The consensus target on Public Storage stock is up at $399.79, and Thursday’s final print was $373.12.

Redwood Trust

This is a very solid play for income investors looking for a reasonably safe vehicle. Redwood Trust Inc. (NYSE: RWT) operates as a specialty finance company in the United States. The company operates through three segments.

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