The company has a strong presence in the Oklahoma SCOOP/STACK (NGL gathering/takeaway system, G&P), the Williston Basin (G&P, NGL takeaway) and the Permian Basin (NGL gathering, NGL takeaway, natural gas takeaway), which analysts feel provides higheturn growth opportunities.
Many on Wall Street remain quite positive on ONEOK’s primarily fee-based earnings, which account for 90% of total earnings.
ONEOK stock investors receive a 6.01% dividend. Raymond James has set a $75 price target. The lower consensus target is $69.25, and shares closed on Wednesday at $62.26.
Simon Property
Shares of this leading company have been pounded and are offering the best entry point since last year. Simon Property Group Inc. (NYSE: SPG) is a very strong company for investors looking to play the industry. It invests in real estate markets across the globe. It engages in investment, ownership, management and development of properties. The company primarily invests in regional malls, premium outlets, mills and community/lifestyle centers to create its portfolio.
Through its subsidiary partnership, Simon Property owns or has an interest in about 230 properties in the United States and Asia. The company also has a 28.9% interest in Klepierre, a European REIT with over 260 shopping centers in 13 countries.
Shareholders receive a 6.28% distribution. Morgan Stanley’s price target of $133 compares with a $126.40 consensus target, and Simon Property Group stock ended trading on Wednesday at $111.38.
Vornado Realty Trust
Sporting a sizable dividend and offering investors a great inflation-hedging real estate play, this top stock is an incredible buy now. The Vornado Realty Trust (NYSE: VNO) portfolio is concentrated in the nation’s key market New York City, along with additional premier assets in both Chicago and San Francisco. It is the real estate industry leader in sustainability policy, owning and managing over 23 million square feet of LEED-certified buildings.
The company posted very solid results last week, as funds from operations (FFO) and revenues beat Wall Street estimates. Another very positive metric for the company was that, on a year-over-year basis, FFO per share and revenues grew 20.3% and 19.7%, respectively.
Vornado investors receive a 7.23% distribution. The Truist Financial target price is $34. The consensus target for Vornado Realty Trust stock is $31.90. The shares closed almost 4% higher on Wednesday at $29.26.
These seven stocks should hold up better in a massive sell-off than high-beta momentum stocks will. They all provide goods and services that are needed or wanted almost regardless of prevailing economic conditions, and all are very strong players in their respective sectors.
Originally posted at 24/7 Wall St.
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