Looking for passive income? Then look no further! Listed below are a couple of ASX dividend stocks that analysts rate as buys.
Here's what you need to know about them:
Healthco Healthcare and Wellness REIT (ASX: HCW)
The first ASX dividend stock that could be a buy for passive income is the Healthco Healthcare and Wellness REIT.
This real estate investment trust invests in health and wellness assets such as hospitals, aged care, childcare, life sciences, and primary care properties. As these are all relatively defensive assets, this could be a very good thing in the current economic environment.
Morgans believes the company is well-placed to continue paying big dividends in the near term. It has pencilled in dividends per share of 7.6 cents in FY 2023 and 8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.33, this will mean yields of 5.7% and 6%, respectively.
Morgans has an add rating and a $1.72 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Another ASX dividend stock to consider for passive income is the youth fashion retailer Universal Store.
Morgans is also very positive on it and believes the recent weakness has created a buying opportunity for investors.
In addition, the broker is expecting the retailer to be in a position to pay dividends that offer huge yields at today's prices. Morgans is forecasting fully franked dividends per share of 27 cents in both FY 2023 and FY 2024. Based on the current Universal Store of $2.98, this will mean yields of 9% in both years.
Morgans has an add rating and a $4.20 price target on its shares.
