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PK
Benzinga
1 min

Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields

1. PK has an 8.60% dividend yield, appealing in uncertain markets. 2. JP Morgan rated PK Underweight with a $10 price target. 3. Truist downgraded PK from Buy to Hold, lowering target to $11. 4. Financial results for Q3 will be released on Oct. 30.

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FAQ

Why Bearish?

The downgrades from both JP Morgan and Truist have put downward pressure on PK’s outlook. Historical instances show stock performance can lag significantly after pervasive downgrades.

How important is it?

Analyst downgrades significantly impact investor perception, especially with weak price targets for PK.

Why Short Term?

The upcoming Q3 financial results may reveal further weaknesses affecting PK's stock in the immediate future.

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