Analysts at Raymond James who contribute to the firm’s well-regarded ‘Analysts’ Current Favorites’, must present one of the stocks in their coverage space for inclusion on the list.
As a result, we gathered a list of stocks that can be expected to perform.
We sifted over the list, seeking companies that are neither overextended nor overbought, as well as those that provide consistent and reliable dividends to shareholders.
We discovered seven that appear to be excellent prospects for growth and income investors wanting to rebalance their portfolios for the remainder of the year.
While these stocks receive the highest Strong Buy rating from Raymond James, it is crucial to remember that no single analyst report should be utilized to make a purchasing or selling decision.
APA
When it was known as Apache, this company was long regarded as an industry leader, and the stock is currently presenting one of the greatest entry positions in the sector. APA Corp. (NYSE: APA) is an oil and gas exploration and production company.
It has operations in the United States, Egypt, and the United Kingdom, as well as offshore Suriname exploration.
It also owns four Permian-to-Gulf Coast pipelines and operates collection, processing, and transmission assets in West Texas.
APA is one of the major exploration and production firms in the United States, with known reserves of 2.3 billion barrels of oil equivalent (63% liquids).
It is an explorer, acquirer, and exploiter, as well as a financially cautious corporation, that has steadily increased its reserves and output through acquisitions and organic projects.
A 2.20% dividend is paid to shareholders. The consensus price target for APA stock is $54.48 according to Raymond James. On Wednesday, the closing share price was $44.10.
CubeSmart
This self-storage real estate investment trust (REIT) returns to the list of Analysts’ Current Favorites.
CubeSmart (NASDAQ: CUBE) is a self-administered, self-managed real estate investment trust.
CubeSmart is one of the top three owners and operators of self-storage properties in the United States, according to the Self-Storage Almanac.
In a rising-rate environment, hard assets such as real estate appreciate, and self-storage REITs benefit from reduced capital expenditures and the need for extra cash.
CubeSmart stock pays a 4.52% dividend. Raymond James has a price target of $48 while the consensus is $47.09. The stock finished at $43.41 on Wednesday.
EPR Properties
This REIT invests in some of the most well-known entertainment companies and provides one of the highest monthly dividends in the industry.
EPR Buildings Inc. (NYSE: EPR) is a leading experiential net lease REIT that focuses on select long-term experiential properties in the real estate market.
The company focuses on real estate venues that provide value by facilitating out-of-home leisure and recreation activities where consumers may spend their extra time and money. Its overall investments in 44 states reach roughly $6.7 billion.
EPR Properties follows strict underwriting and investing criteria focusing on important industry, property, and tenant-level cash flow benchmarks, and it believes that a highly focused strategy gives a competitive edge as well as the possibility for consistent and attractive returns.
Investors earn a 7.97% dividend. Raymond James has set a target price of $45 for the stock.
The consensus price objective for EPR Properties is $43.71, while the stock ended on Tuesday at $41.37.
Hancock Whitney
Shares of this small bank promise solid growth as well as a handsome dividend. Hancock Whitney Corp. (NYSE: HWC) is the parent company of Hancock Whitney Bank, which offers a variety of banking products and services to commercial, small business, and retail customers.
Non-interest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts are all accepted by the company.
Commercial and industrial loans, commercial real estate loans, construction and land development loans, residential mortgages, including fixed and adjustable rate loans, consumer loans, including second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans, revolving credit facilities, and letters of credit and financial guarantees are among its loan products.
In addition, the company provides investment brokerage and treasury management services, as well as annuity and life insurance products.
It provides retirement programs, organizations, and individuals with trust and investment management services, as well as holding foreclosed assets.
It has 208 full-service banking and financial services offices and 275 ATMs in the Gulf South corridor, which includes southern Mississippi, southern and central Alabama, southern, central, and northwest Louisiana, northern, central, and Panhandle regions of Florida, and east Texas, including Houston, Beaumont, and Dallas.
In addition, it maintains a loan production office in Nashville, Tennessee.
The dividend yield is 2.19% in this case. The Raymond James price goal of $58 compared to a consensus estimate of $58.22. Hancock Whitney stock closed at $48.87 on Wednesday.
Marathon Oil Company
This is an excellent option for more conservative investors to participate in the energy sector. Marathon Petroleum Corp. (NYSE: MRO) operates primarily in the United States as an integrated downstream energy corporation.
The Refining & Marketing division refines crude oil and other feedstocks at its refineries in the United States Gulf Coast, Mid-Continent, and West Coast regions. It buys refined products and ethanol to resell.
Transportation fuels, such as reformulated and blend-grade gasoline, as well as heavy fuel oil and asphalt, are among its refined products.
This division also produces aromatics, propane, propylene, and sulfur. It offers refined goods to wholesale marketing customers in the United States and abroad, spot market purchasers, and independent entrepreneurs who run predominantly Marathon-branded shops, as well as through long-term fuel supply contracts to direct dealer locations largely under the ARCO brand.
Through refining logistics assets, pipelines, terminals, towboats, and barges, the Midstream segment transports, stores, distributes, and markets crude oil and refined products.
It collects, processes, and transports natural gas, as well as gathering, transporting, fractionating, storing, and marketing natural gas liquids.
As of December 31, 2021, the corporation operates 7,159 brand jobber outlets through independent entrepreneurs in 37 states, the District of Columbia, and Mexico.
A 1.28% dividend is paid to shareholders. Raymond James has a $48 price target on Marathon Petroleum stock.
The consensus price objective is $34.40, and shares ended at $27.86 on Wednesday.
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