Are you looking for some ASX shares to add to your retirement portfolio?
Well, two ASX shares that tick these boxes are listed below. Here’s why analysts rate them as buys:
Charter Hall Long WALE REIT (ASX: CLW)
The Charter Hall Long Wale REIT could be an ASX share to consider for a retirement portfolio.
That’s because the company has a strong portfolio of assets in resilient property sectors, including industrial & logistics, convenience and long leased retail, long leased hardware, social infrastructure and office.
It also has ultra long weighted average lease expiries (hence the name) and sky-high occupancy rates of 11.8 years and 99.9%, respectively.
Citi is a fan of the company and has a buy rating and $5.00 price target on its shares.
As for dividends, the broker expects dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT unit price of $4.31, this will mean yields of 6.5% and 6.7%, respectively.
Woolworths Limited (ASX: WOW)
Woolworths could be another ASX share to consider for a retirement portfolio. It is of course the retail giant behind the eponymous supermarket chain and other brands such as Countdown and Big W.
Given its blue chip status and incredible defensive qualities, as we saw clearly during the pandemic, it could be a safe option in the current environment. Especially considering the company is benefitting from food inflation.
Goldman Sachs is bullish on the company and believes it is well-placed for growth in the coming years thanks to its strong market position and digital and omni-channel advantage. It expects the latter to drive further market share and margin gains.
Goldman currently has a conviction buy rating and $41.00 price target on the company’s shares. As for dividends, its analysts are forecasting fully franked dividend yields of approximately 2.7% and 3%, respectively, over the next two years.
