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 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 so far in FY 2023.
Pleasingly, the company appears well-placed to continue its solid form in the coming years. This is thanks to its development pipeline, robust demand from its key markets, and tight market conditions.
UBS is bullish on Goodman. It currently has a buy rating and $23.00 price target on the company's shares.
REA Group Limited (ASX: REA)
Another blue chip ASX 200 share to consider 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 and believes REA is well-placed for growth thanks to improving yields.
In addition, the broker expects a swift rebound for the housing market. Its economics team expect the RBA rate hikes to stop beyond May. In light of this, it believes "FY24 should benefit from a recovery in listings volumes (GSe +7%, vs. +3% prior), with volumes trending back towards mid-cycle over time."
As a result, its analysts appear to see a lot of value in the REA Group share price at current levels. In fact, Goldman has the company on its conviction list with a buy rating and $158.00 price target.
