Looking for some quality shares to buy? If you are, you may want to look at the two listed below.
Here’s why these ASX 200 blue chip shares are rated highly by experts right now:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is Goodman.
This integrated commercial and industrial property company has a world class portfolio of in-demand warehouses, large scale logistics facilities, and business and office parks.
Demand has been so strong for its properties that it currently boasts an occupancy rate of 99%. This has helped underpin solid like-for-like net property income growth again in FY 2023.
Citi is positive on the company and appears to believe this strong form can continue. It explains:
We see potential for GMG to generate consistent high-single to low-double digit earnings growth over the medium term driven by rental upside and longer term development projects, which will add to management and development earnings.
Citi has a buy rating and $24.30 price target on the company’s shares.
REA Group Limited (ASX: REA)
Another blue chip ASX 200 share that has been named as a buy is REA.
It is the leading property listings company behind the realestate.com.au website.
Although rising interest rates are putting pressure on the housing market, Goldman Sachs remains positive. It explains:
We believe the market continues to underappreciate the quality of REA despite the 1H23 result showing solid execution (maintaining double digit yield targets and positive operating jaws) in a challenging listings volume environment (-9% 1H declines). This was evident in REA outperforming domestic peer DHG in core ‘for-sale’ yield (+11% vs. DHG +9%), and in adjacent businesses (media, data, mortgage broking).
As a result, its analysts appear to see a lot of value in the REA Group share price at current levels. Goldman has a buy rating and $159.00 price target.
