Let's look closer at ten ASX shares that received buy ratings from them. They are as follows:

Bega Cheese Ltd (ASX: BGA)

Morgan Stanley is bullish on this diversified food company. This week, it initiated coverage on the Vegemite owner's shares with an overweight rating and $6.70 price target. The Bega Cheese share price ended the week at $5.39.

Catapult Sports Ltd (ASX: CAT)

Bell Potter was pleased with this sports technology company's FY 2026 results. In response, the broker retained its buy rating with an improved price target of $4.65. This compares to its latest share price of $3.57.

Evolution Mining Ltd (ASX: EVN)

UBS turned positive on this gold miner and upgraded its shares to a buy rating with an improved price target of $14.00. The Evolution Mining share price ended the week at $12.17.

Gentrack Group Ltd (ASX: GTK)

Bell Potter continues to see value in this software provider's shares. This week, the broker retained its buy rating and $5.70 price target on its shares. This is notably higher than its current share price of $3.18.

Goodman Group (ASX: GMG)

Morgan Stanley put an overweight rating and $36.15 price target on this industrial property company's shares. This compares to its current share price of $30.28. The broker is feeling positive about Goodman ahead of its quarterly update next week.

Megaport Ltd (ASX: MP1)

Morgans remains positive on this network-as-a-service provider following the announcement of another big contract win for its Latitude business. It has put a buy rating and $15.50 price target on its shares. The Megaport share price ended the week at $13.05.

Qualitas Ltd (ASX: QAL)

The team at Morgans upgraded this real estate investment company's shares to a buy rating this week with a $3.50 price target. This implies potential upside of 20% from its current share price of $2.92.

Regis Resources Ltd (ASX: RRL)

Macquarie is positive on this gold miner's merger plans. After looking at the proposal, the broker has retained its outperform rating and $9.50 price target on Regis Resources' shares. This compares to its current share price of $6.35.

Santos Ltd (ASX: STO)

Citi is bullish on this energy producer and has put a buy rating and $9.00 price target on its shares. The Santos share price ended the week at $8.24.

Temple & Webster Group Ltd (ASX: TPW)

Over at Morgan Stanley, its analysts have also put an overweight rating and reduced price target of $8.00 on this online furniture retailer's shares. This is notably higher than its current share price of $5.04.

The post 10 ASX shares given buy ratings this week appeared first on The Motley Fool Australia.

Meanwhile, brokers have indicated new confidence in several ASX shares this week.

Let's take a look.

Iluka Resources Ltd (ASX: ILU)

The Iluka Resources share price is $8.09, up 5.8% today.

This ASX 200 mining share is having a strong year, up 37% so far in 2026.

Ord Minnett upgraded Iluka Resources shares to a buy rating on Monday.

The broker upped its 12-month price target from $8 to $9.

This implies a potential 11% upside ahead.

Qualitas Ltd (ASX: QAL)

The Qualitas share price is $2.88, down 0.4% today.

Over the past month, this ASX 200 financial share has soared 22%.

Morgans upgraded Qualitas shares to a buy rating on Monday.

The broker increased its 12-month price target from $2.60 to $3.50.

This suggests a potential 21% upside ahead.

The broker said:

Following QAL's recent 3QFY26 update, the announced changes to residential real estate investment in the Federal Budget and the sale of a further interest in the comparable Metrics Credit, we have upgraded QAL to a BUY with a $3.50/sh price target.

Our valuation and recommendation change was driven almost entirely by a reduction to our discretionary valuation discount (+75 cps), reflecting our lower perceived risk as a) the company reiterates that FUM commitments continue to increase and b) FUM deployments set new records.

Guzman Y Gomez Ltd (ASX: GYG)

The Guzman Y Gomez share price is $20.58, up 13.7% today on news that the Mexican restaurant chain has abandoned its US expansion.

As a result, Guzman Y Gomez has closed its Chicago restaurants.

The company also announced increased FY26 earnings guidance for its Australian segment.

Guzman y Gomez now expects underlying FY26 earnings before interest, taxes, depreciation, and amortisation (EBITDA) of approximately $85 million, up 29% year over year.

Earlier this week, RBC Capital upgraded this ASX 200 retail share to a buy rating.

The broker gave Guzman Y Gomez shares a 12-month price target of $22, up from $20 previously.

Following today's news, there's just 4% upside left over the next year, based on the broker's target.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is $29.13, down 0.1% on Friday.

This ASX 200 tech share has fallen 23% over 12 months.

Morgans upgraded TechnologyOne shares from hold to accumulate this week.

This follows recent weakness in the TechnologyOne share price and the company's 1H FY26 results.

The broker said:

TNE's 1H26 result came in largely as expected, albeit with some FX headwinds, which otherwise would have seen its underlying result land ahead of consensus.

The group enters 2H26, with a strong pipeline of 'Plus' leads, which sees TNE well positioned to achieve the top end of its re-affirmed FY26 ARR/PBT Guidance.

Morgans lifted its 12-month target from $31.20 to $32.30, implying 11% potential upside ahead.

The post 4 ASX shares scoring upgraded ratings this week appeared first on The Motley Fool Australia.

They have just been given buy ratings by Morgans and could be destined to rise 12% or more from current levels according to the broker.

AVITA Medical Inc (ASX: AVH)

Morgans was pleased with this medical device company's first-quarter update and believes it was a step in the right direction.

The broker appears to believe that this could be a sign that the worst is now behind the ASX share. However, it does have a few concerns over its balance sheet. It said:

AVH released its 1Q26 result which was a clear step-in the right direction with solid QoQ growth with FY26 guidance reaffirmed, but cash balance remains the key gating factor for further positivity and its biggest near-term risk.

Operationally though it appears the worst is behind them now with the cost base reset sticking and now all 7 Medicare Administrative Contractors (MACs) now publishing RECELL reimbursement rates which fully closes the structural headwind which has plagued the stock over the last 18 months. Marginally more positive, but equally happy to keep holding out until cash is addressed properly. No change to our Speculative Buy recommendation or A$1.35 DCF-based valuation.

Morgans has a speculative buy rating and $1.35 price target on its shares. Based on its current share price, this implies potential upside of 12.5% over the next 12 months.

Qualitas Ltd (ASX: QAL)

Morgans is positive on this real estate investment company and has named it as an ASX share to buy this week.

It has boosted its valuation for the company on the belief that risks are easing now. It explains:

Following QAL's recent 3QFY26 update, the announced changes to residential real estate investment in the Federal Budget and the sale of a further interest in the comparable Metrics Credit, we have upgraded QAL to a BUY with a $3.50/sh price target.

Our valuation and recommendation change was driven almost entirely by a reduction to our discretionary valuation discount (+75 cps), reflecting our lower perceived risk as a) the company reiterates that FUM commitments continue to increase and b) FUM deployments set new records.

Morgans has a buy rating and $3.50 price target on Qualitas' shares. Based on its current share price, this implies potential upside of just over 20% for investors between now and this time next year.

The post Morgans says these ASX shares could rise 12% to 20% appeared first on The Motley Fool Australia.

That's because its analysts have just named three ASX shares as buys. Here's what you need to know about them:

ALS Ltd (ASX: ALQ)

Morgans is feeling bullish on this testing services company following its FY 2026 results release.

In response to the result, the broker has reiterated its buy rating with a $27.20 price target. It commented:

Our forecast changes are negligible, and we still view risk to our forecasts as skewed firmly to the upside, absent a material supply disruption scenario. We forecast Commodities revenue growth of +25%, while our raisings data points to geochemistry volumes up +35-45% during 1H, corroborated by the sample flows chart which already shows volumes tracking +25-30% in April. The stock is now trading on just 23x FY27 PE as it enters a bullish commodities cycle with a gold-plated balance sheet (leverage 1.5x). Reiterate BUY.

Elders Ltd (ASX: ELD)

This agribusiness company's results were short of expectations due to its systems modernisation.

Nevertheless, given significant share price weakness, the broker has retained its buy rating with a reduced price target of $7.90. It said:

While ELD's 1H26 result was up strongly on the pcp, it missed consensus estimates due to materially higher Corporate Services costs associated with Systems Modernisation. Outlook comments were relatively optimistic despite the BOM's dry outlook. We have revised our forecasts for higher costs and the divestment of Killara. After material weakness, we maintain a BUY recommendation. A significant rerating requires delivering consensus estimates and deleveraging.

Qualitas Ltd (ASX: QAL)

Morgans has responded positively to a recent update from this alternative real estate investment manager.

This has seen the broker upgrade the ASX share to a buy rating with an improved price target of $3.50.

Commenting on its buy recommendation, Morgans said:

Following QAL's recent 3QFY26 update, the announced changes to residential real estate investment in the Federal Budget and the sale of a further interest in the comparable Metrics Credit, we have upgraded QAL to a BUY with a $3.50/sh price target. Our valuation and recommendation change was driven almost entirely by a reduction to our discretionary valuation discount (+75 cps), reflecting our lower perceived risk as a) the company reiterates that FUM commitments continue to increase and b) FUM deployments set new records.

The post 3 ASX shares Morgans rates as buys this week appeared first on The Motley Fool Australia.

Does it rate them as buys, holds, or sells? Let's find out:

JB Hi-Fi Ltd (ASX: JBH)

Morgans notes that retail giant JB Hi-Fi delivered a solid half-year result, which was largely in line with expectations. It was also pleased to see that margins were well-managed.

However, with January starting slowly and management sounding cautious, it has put a hold rating on JB Hi-Fi's shares with a reduced price target of $87.00. It said:

JBH delivered a solid result, which was broadly in line with expectations. Sales were robust (+7.3%) driven by continued demand for consumer electronics and home appliances and executed well during key promotional sales events. Margins were well managed, resulting in EBIT growth of +8.1% yoy.

Trading in January has slowed from the 2Q, with management noting a cautious outlook given the retail market uncertainty and continued competitive environment. We have upgraded to a HOLD (from TRIM), and look for any weakness as a buying opportunity for this high quality retailer. Our target price falls from $95 to $87.

New Hope Corporation Ltd (ASX: NHC)

This coal miner's half-year results weren't too bad considering recent coal price weakness. Another positive is that Morgans believes that the company is positioned to achieve the top end of its New Acland 3 guidance range.

However, it is not enough for anything but a hold rating (down from accumulate) with an improved price target of $5.00. The broker explains:

Delivered underlying, unaudited EBITDA of $106.9 million in 2Q26, bringing 1H26 EBITDA to $214.8 million despite weakness in coal prices. NHC delivered a 2Q that positions it to ramp up its Bengalla operation to its 13.4Mtpa ROM coal production run rate in 2H26 and achieve upper end of New Acland 3 guidance range. We rate NHC a HOLD (previously ACCUMULATE) with a target of A$5.00ps (previously $4.55ps).

Qualitas Ltd (ASX: QAL)

Finally, this alternative investment company's performance was positive thanks to residential and private-credit tailwinds.

And with its shares pulling back recently, the broker sees value on offer here. As a result, Morgans has retained its accumulate rating and $3.80 price target on its shares. It said:

QAL's 1H26 result shows a platform accelerating on deployment, benefiting from both residential and private-credit tailwinds, and converting scale into higher recurring revenue, stronger margins and growing performance fees. This has seen Fee Earning FUM (FEF) increase 38% (vs pcp), while record deployment (+57% vs pcp) was largely driven by repeat borrowers (76%).

The continued demand for QAL's funds resulted in higher quality result, with recurring base management fees +28% (yoy) and loan transaction fees up +69% (yoy). Running contrary to the strong operational performance, QAL's share price has declined 14% over the past three months as sector multiples moderated. In light of this share price moderation we retain an Accumulate recommendation with a $3.80/sh target price.

The post Buy, hold, sell: JB Hi-Fi, New Hope, and Qualitas shares appeared first on The Motley Fool Australia.

The alternative investment manager said in a statement to the ASX on Tuesday that funds management revenue had come in at $42.7 million, up 38%, while normalised net profit was up 30% to $21.2 million for the first half.

The company said the first half of the year was "a standout period of accelerated growth in fee related recurring earnings, driven by higher base management and transaction fees, together with improved platform efficiency''.

Qualitas added that investment activity hit new highs, with $3.7 billion deployed during the half, up 57% compared with the same period in FY25.

Fee earning funds under management was up 38% to $10.9 billion.

The company added:

Operational leverage from prior platform investments, combined with disciplined cost management, drove a record gross operating margin of 46%, the highest since IPO. Net performance fee revenue increased by 75% on 1H25, reflecting strong credit funds' performance, with $12 million of previously accrued performance fees received in cash during the period.

The company also said it had increased its fully-franked interim dividend from 2.5 cents per share to 3.5 cents.

Management optimistic

Qualitas Managing Director Andrew Schwartz said it was a solid result.

He added:

Qualitas achieved key milestones in capital raising and deployment in 1H26, securing new mandates from offshore pension funds and increased allocations from existing investors, despite a moderating capital raising environment. This underscores our proven investment track record and further reinforces our standing with global institutional investors. Deployment reached record levels despite more market entrants, highlighting the structural barriers to scale and sustainable profitability in the sector. Opportunities are shifting towards larger investments, with approximately 78% of FY26 year-to-date closed and pipeline deals over $100 million, including seven above $200 million. This trend boosts investment efficiency and sustainable growth.

Mr Schwartz said increased regulatory scrutiny for the sector would be a positive for Qualitas, with some players likely to withdraw from the sector.

On the outlook, the company said it was starting the year on a positive footing.

It added:

Following a strong first half, we are well positioned for continued growth in 2H26, underpinned by enhanced earnings visibility. Strong investment activity supports half-on-half growth in base management fees and drives higher principal income through increased co-investment drawdowns, further supported by the recent rate rise. Performance fees from our credit funds are expected to increase, reflecting strong deployment across credit strategies, with recognition and cash receipts becoming increasingly consistent as these funds mature.

Qualitas shares jumped 6.7% in early trade before settling back to be 4.8% higher at $3.24.

Qualitas was valued at $931.4 million at the close of trade on Monday.

The post Qualitas shares surge on profit, increased dividend announcement appeared first on The Motley Fool Australia.

The company, which is part of the S&P/ASX 200 Index (ASX: XJO), is an alternative lender in the real estate market, with about $9.5 billion in funds under management.

The company told the ASX in an announcement on Monday that Mr Schwartz had sold 15.1 million shares, or about 5% of the company's issued capital, on Friday.

Using Friday's closing price of $3.51 per share, this comes to slightly more than $53 million.

Qualitas said Mr Schwartz still retained a stake of 57.3 million Qualitas shares, or about 19% of the issued shares in the company.

Still dedicated to the task at hand

Mr Schwartz said in the statement to the ASX that the company was performing well, as demonstrated by its recent full-year results announcement, and he was excited about its growth prospects.

Qualitas' momentum in FY26 continues to accelerate across our credit and equity strategies. Borrowers are increasingly seeking experienced platforms with proven multi cycle track record and capital certainty – we are seeing this translate into a very strong pipeline of approved and mandated credit investments.

Mr Schwartz' shares were sold to an unnamed "large global listed equities manager" the company said.

Mr Schwartz said the sale of the shares to this company demonstrated the value of the business.

Their decision to become a shareholder reflects confidence in our long-term growth trajectory and the quality of our platform. This investment elevates our profile among domestic and international listed equities investors and positions Qualitas alongside leading global alternative asset managers as a compelling investment opportunity within their portfolios.

Guiding to further growth

Qualitas in August reported a normalised pre-tax net profit of $53 million, up 36%, on funds management revenue of $67.1 million, up 25%.

The company also, at the time, released guidance for the current financial year of normalised net profit before tax of between $60 million and $66 million.

Mr Schwartz said at the time that there was momentum around the reallocation of capital away from the US and into the Asia Pacific region.

As he said:

Australia has emerged as a preferred growth frontier due to its stable regulatory environment, structural housing undersupply, and attractive yield premiums compared to more mature markets.

Qualitas shares were steady at $3.51 on Monday. Qualitas will hold its annual general meeting on November 19.

The post Which ASX 200 company's boss has just sold more than $50 million worth of shares? appeared first on The Motley Fool Australia.

But which ASX dividend shares could be top picks for investors right now? Let's take a look at two that analysts rate as buys. Here's what you need to know about them:

Qualitas Ltd (ASX: QAL)

The first ASX dividend share that has been named as a buy is alternative real estate funds management company Qualitas.

It invests capital on behalf of investors throughout the major capital cities of Australia, as well as New Zealand and the US.

Macquarie is positive on the company and its outlook. Particularly given increasing interest in private commercial real estate (CRE) credit. It said:

Outperform $3.98 TP. QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private CRE credit. We believe our forecast 19% EPS growth in FY26 is attractive, even with QAL on 25x earnings following the recent re-rate.

As for income, the broker is forecasting fully franked dividends per share of 11.5 cents in FY 2026 and then 13.2 cents in FY 2027. Based on its current share price of $3.43, this equates to dividend yields of 3.3% and 3.8%, respectively.

Macquarie has an outperform rating and $3.98 price target on its shares.

Rural Funds Group (ASX: RFF)

Another ASX dividend stock that gets the thumbs up by analysts is agricultural property company Rural Funds.

It owns a diversified portfolio of agricultural assets predominantly leased to corporate and institutional lessees. Historically, its assets have been acquired in sectors where Australia has a comparative advantage, and it has operational experience.

Bell Potter believes that the company's shares are undervalued at current levels. It said:

Our Buy rating is unchanged. The ~35% discount to market NAV remain higher than average (~6% premium since listing) and likely reflects the proportion of assets that are underearning as operating farms. With a continued improvement in most counterparty profitability indicators in recent months (i.e. cattle, almond and macadamia nut prices), resilience in farming asset values and the progress made in creating headroom in funding lines to complete the macadamia development we see this as excessive.

As for income, the broker is forecasting dividends per share of 11.7 cents in both FY 2026 and FY 2027. Based on its current share price of $1.90, this would mean dividend yields of almost 6.2% for both years.

Bell Potter currently has a buy rating and $2.45 price target on its shares.

The post Why these ASX dividend shares could be top buys for passive income appeared first on The Motley Fool Australia.

While this is a blow for income investors, the share market is here to save the day.

For example, the two ASX dividend shares listed below have been named as buys by analysts and tipped to offer attractive dividend yields. Here's what they are recommending:

Qualitas Ltd (ASX: QAL)

The first ASX dividend share that has been named as a buy is Qualitas.

It is one of Australia's leading alternative real estate funds management firms. It invests capital on behalf of its fund investors throughout the major capital cities of Australia, as well as New Zealand and the United States.

The team at Macquarie is positive on the company and believes it is well-placed to deliver strong earnings growth in FY 2026. It said:

Outperform $3.98 TP. QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private CRE credit. We believe our forecast 19% EPS growth in FY26 is attractive, even with QAL on 25x earnings following the recent re-rate.

It expects this to underpin fully franked dividends of 11.5 cents per share in FY 2026 and then 13.2 cents per share in FY 2027. Based on its current share price of $3.38, this equates to dividend yields of 3.4% and 3.9%, respectively.

Macquarie has an outperform rating on its shares with a price target of $3.98

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX dividend share that could be a buy according to brokers is Treasury Wine.

It is the wine giant behind popular brands such as Penfolds, Beringer, Wolf Blass, and 19 Crimes.

The team at Morgans thinks that its shares are being undervalued by the market and is expecting some good dividend yields in the near term. It explains:

TWE's FY25 result was in line with guidance, reporting a credible 17% growth in EBITS during a period of macro-economic and category headwinds. TWE is targeting further EBITS growth in FY26, led by Penfolds. We have made modest changes to our forecasts reflecting the disruption associated with a change of distributor in California.

While lacking near term share price catalysts given industry and macro headwinds and a CEO transition, trading on an FY26F PE of only 12.7x, we maintain a BUY rating. A$200m share buyback should provide some degree of share price support.

As for dividends, Morgans is forecasting partially franked payouts of 41 cents per share in FY 2026 and then 46 cents per share in FY 2027. Based on its current share price of $7.09, this would mean dividend yields of 5.8% and 6.5%, respectively.

The broker has a buy rating and $10.10 price target on its shares.

The post 2 ASX dividend shares to beat low interest rates appeared first on The Motley Fool Australia.

That's because they have been named as buys and tipped to rise 15% to 30% from current levels by brokers. Here's what you need to know:

Qualitas Ltd (ASX: QAL)

Qualitas could be an ASX dividend stock to buy according to analysts at Macquarie.

It is one of Australia's leading alternative real estate funds management firms, investing capital on behalf of its fund investors throughout the major capital cities of Australia, New Zealand, and the US.

Macquarie believes that its shares are good value given its expectation for strong earnings growth in FY 2026. It recently said:

Outperform $3.98 TP. QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private CRE credit. We believe our forecast 19% EPS growth in FY26 is attractive, even with QAL on 25x earnings following the recent re-rate.

As for dividends, the broker is forecasting fully franked payouts of 11.5 cents per share in FY 2026 and then 13.2 cents per share in FY 2027. Based on its current share price of $3.43, this equates to dividend yields of 3.4% and 3.8%, respectively.

Macquarie has an outperform rating and $3.98 price target on its shares. This implies potential upside of 16% from current levels

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX dividend stock that analysts are tipping to deliver big returns is Treasury Wine.

It is the wine company behind a range of popular brands such as Penfolds, Wolf Blass, and 19 Crimes.

The team at Morgans thinks its shares are cheap after recent weakness. It also expects some generous dividend yields in the near term. The broker explains:

TWE's FY25 result was in line with guidance, reporting a credible 17% growth in EBITS during a period of macro-economic and category headwinds. TWE is targeting further EBITS growth in FY26, led by Penfolds. We have made modest changes to our forecasts reflecting the disruption associated with a change of distributor in California. While lacking near term share price catalysts given industry and macro headwinds and a CEO transition, trading on an FY26F PE of only 12.7x, we maintain a BUY rating. A$200m share buyback should provide some degree of share price support.

In respect to income, Morgans is forecasting partially franked dividends per share of 41 cents in FY 2026 and then 46 cents in FY 2027. Based on its current share price of $7.64, this would mean dividend yields of 5.4% and 6%, respectively.

The broker has a buy rating and $10.10 price target on its shares, which suggests that its shares could rise 32% over the next 12 months.

The post These excellent ASX dividend stocks could rise 15% to 30% appeared first on The Motley Fool Australia.

If you are then it could be worth taking a close look at the two ASX dividend stocks listed below that brokers rate as buys.

Here's what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock for income investors to look at is Accent Group. It has emerged as a strong dividend player in the retail space. The company owns and operates footwear chains such as Platypus and Hype DC, along with exclusive distribution rights for major global brands.

Bell Potter remains positive on the company and earlier this week put a buy rating and $1.80 price target on its shares. It said:

In the near term, we expect monetary policy catalysts to drive recovery in the lifestyle segment from 2Q26e, while in the medium-long term, we see a higher growth focus for AX1 leveraging the outperforming sports segment via dominant global partner and key shareholder, FRAS. With the first Sports Direct store opening in mid-November, we anticipate the unlocking of the sizable store roll-out opportunity for the banner in Australia (50-store target over 6 years), while benefiting from a higher relevance to leading brand partners such as Nike backed by FRAS.

In respect to dividends, Bell Potter is forecasting fully franked payouts of 7.8 cents in FY 2026 and then 9.2 cents in FY 2027. Based on its current share price of $1.39, this equates to dividend yields of 5.6% and 6.6%, respectively.

Qualitas Ltd (ASX: QAL)

Another ASX dividend stock that has been named as a buy is Qualitas.

It is one of Australia's leading alternative real estate funds management firms. Qualitas invests capital on behalf of its fund investors throughout the major capital cities of Australia, as well as New Zealand and the US.

In response to its results this week, Macquarie retained its outperform rating with an improved price target of $3.98. It said:

Outperform $3.98 TP. QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private CRE credit. We believe our forecast 19% EPS growth in FY26 is attractive, even with QAL on 25x earnings following the recent re-rate.

As for income, the broker is forecasting fully franked dividends per share of 11.5 cents in FY 2026 and then 13.2 cents in FY 2027. Based on its current share price of $3.69, this equates to dividend yields of 3.1% and 3.6%, respectively.

The post Forget the big four banks and buy these ASX dividend stocks for income appeared first on The Motley Fool Australia.

To receive an ASX share's dividend, you must buy or already own the stock before its ex-dividend day.

Next week, a large number of ASX shares will go ex-dividend.

We provide a sample of those ASX shares below.

If you want to buy any of these ASX shares while they are still trading cum dividend, time is running out!

30 ASX shares about to go ex-dividend

The post 30 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

The broker has predicted a 75BP cut in the near future. 

Macquarie forecasts a further 75bps of RBA cash rate cuts by Feb-2026, which should stimulate improved residential sales for developers and equity flows for fund managers, albeit skewed to 2H26.

ASX REITs can perform better when interest rates fall, as cheaper borrowing, more competitive yields, higher property valuations, and a stronger economy all boost their profitability and investor attractiveness.

REITs, put simply, are companies that own and operate property assets that typically produce income.

Here are three small and mid-cap ASX REITs Macquarie tips to outperform. 

DigiCo Infrastructure REIT (ASX: DGT)

DigiCo is a data center REIT and developer operating across Australia and North America.

It has had a rough past 12 months, seeing its share price fall more than 35% in that span. 

However, Macquarie sees upside in the struggling ASX REIT. 

Macquarie sees upside potential in the company despite its capital-intensive nature, highlighting several near-term positive catalysts.

DGT is capital intensive with moving variables, although our scenario analysis suggests risk is skewed to the upside, with a number of positive catalysts in the near term. We believe a ~4% DPS yield (fully covered by FFO from FY26) with FY26E-30E EBITDA CAGR of ~18% is attractive.

The broker has an outperform rating on DGT shares and a target price of $4.35. This indicates a 34.26% upside. 

Arena REIT (ASX: ARF)

ARF is one of the largest childcare centre-focused real estate investment trusts, or REITs, in Australia. The trust owns a portfolio of 260 long day care centres for children aged under five in Australia.

Its stock price is down approximately 5% from a year ago. 

Macquarie has an outperform rating and target price of $3.96 on this ASX REIT, largely thanks to its defensive profile. 

This indicates 10% upside from its current share price of $3.60. 

ARF's defensive income profile remains attractive, with growth supplemented by development projects at superior yields to the existing portfolio. Upside exists from accretive acquisitions. ARF continues to offer an attractive yield and growth return profile.

Qualitas Ltd (ASX: QAL)

This REIT is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors.

It has been a share market winner over the last year, rising by almost 50% in that span. 

Despite such a big return in the last year, Macquarie still believes there is upside thanks to the company's successful growth of its funds under management (FUM).

The broker has placed an outperform rating and target price of $3.73, indicating 6.27% upside. 

QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private commercial real estate credit, with its best-in-class platform. We believe our forecast 18% EPS growth in FY26 is attractive, even on 24x earnings following the recent re-rate.

The post Macquarie names 3 small and mid-cap ASX REITs to buy this month appeared first on The Motley Fool Australia.

The S&P/ASX 200 Financials Index (ASX: XFJ) rose by 24.45% and delivered total returns, including dividends, of 29.39%.

This compared to a 9.97% lift for the benchmark S&P/ASX 200 Index (ASX: XJO), with total returns coming in at 13.81%.

Despite the financial sector's outperformance last year, there are still buying opportunities left, according to Blackwattle Investment Partners.

Here are two of those opportunities.

2 ASX financial shares with more price growth to come: experts

Blackwattle Small Cap Quality Fund portfolio managers Robert Hawkesford and Daniel Broeren say buy now, pay later company Zip Co Ltd (ASX: ZIP) and investment manager, Qualitas Ltd (ASX: QAL), were key positive contributors to their fund's performance in June.

In an update, they highlighted Zip and Qualitas' price growth and said they see more ahead for both ASX financial shares.

Zip shares surge 55% in June

The Zip share price ripped 54.7% in June following a positive trading update and upgraded FY25 earnings guidance.

The managers said this allayed the market's concerns that tariff uncertainty would slow top-line growth and increase bad debts in the US, where the company is expected to generate most of its future growth.

Despite the strong rally in June, the managers pointed out that it had only returned the ASX financial share to its price level in early 2025.

Hawkesford and Broeren said:

We still see meaningful upside through the ongoing penetration of BNPL products in the US which has a significant runway, sitting at only ~2% today, vs ~15% and ~20% in Australia and Europe respectively.

Zip was one of just nine ASX 200 shares to double in value in FY25.

The ASX 200 financial share is currently $3.05, up 1.84%.

Qualitas share price soars 20% in June

Qualitas is a founder-led alternative investment manager focused on private credit in the commercial real estate sector.

The ASX financial share rose 21.5% in June after a strong month in May as well.

May was a good month due to Qualitas' deployment update and the Reserve Bank cutting interest rates for a second time.

Hawkesford and Broeren said:

Beyond falling cash rates, the residential development outlook continues to improve as the government introduces initiatives to reduce planning approval times and the level of deposit required by first home buyers.

Despite the recent share price run, we still see plenty more upside as Qualitas capitalises on the structural tailwinds of ongoing penetration of private credit and the housing undersupply in Australia.

More interest rate cuts are anticipated following weaker-than-expected jobs data last week.

The Qualitas share price is steady at $3.48 on Thursday.

The post 2 rising ASX financial shares with 'meaningful upside' still left: fundie appeared first on The Motley Fool Australia.

Due to their size, they have higher growth potential. As they expand, their growth can outpace larger and more established businesses. 

However, due to their size there is often limited information available for small cap opportunities. They are typically under-followed by large investment institutions, and rarely feature in the news. As a result, many ASX small-cap companies fly under the radar. 

Certain investment institutions and brokers have analysts dedicated to discovering such opportunities. They spend significant time researching their markets and meeting with management to inform their valuations. 

This gives dedicated experts such as Macquarie Group Ltd (ASX: MQG) a significant advantage over retail investors. 

Fortunately, in its recent SMID-Cap Best Picks July 2025 report, Macquarie named three small-cap stocks it expects to outperform. 

All three companies have a market capitalisation of less than $2 billion, which is widely considered to be the definition of a small-cap company on the ASX. 

Let's take a look at these three opportunities.

Bega Cheese Ltd (ASX: BGA)

Bega Cheese has a market capitalisation of around $1.6 billion. Its share price has gained traction recently, rising 20% over the past 12 months. 

Macquarie is predicting further upside to come, noting:

Bega has runway to deliver cost-out in its business through: i) site rationalisation; and ii) operational efficiencies, which will drive gross margin improvement. It has a track-record of executing on its strategy, effectively managing costs, and reducing its manufacturing footprint in the last few years.

Macquarie also noted that management has hinted it is open to acquisitions. The broker described this development as "an opportunity for further industry consolidation, and supports improved capacity utilisation across Bega's asset base."

Macquarie currently has a price target of $6.40 on Bega shares.

Qualitas Ltd (ASX: QAL)

Qualitas Ltd has a market capitalisation of around $1.1 billion. 

Its shares have rocketed 60% over the past year.

Macquarie said Qualitas is "progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private commercial real estate credit, with its best-in-class platform."

The broker believes its forecast of 18% FY26 EPS growth is attractive, despite the company's strong share price action, which has led to its current trading at 24 times earnings. 

Macquarie currently has a price target of $3.73 on Qualitas shares.

Monadelphous Group Ltd (AX: MND)

Monadelphous Group Ltd has a market capitalisation of around $1.9 billion. 

Its shares have soared nearly 50% higher over the past year. 

Macquarie described the company as a "best-in-class contractor to the resources/energy/infra sectors with market-leading Engineering & Construction (E&C) division and dominant position in Maintenance" 

The broker said revenue and earnings growth over the past two years have been driven by a lift in E&C activity with this segment. 

Macquarie currently has a price target of $17.40 on Monadelphous Group shares.

The post Expert names 3 ASX small-cap stocks to buy in July appeared first on The Motley Fool Australia.

That's because they have just revealed the ASX REITs that they think investors should be buying right now. Let's see what the broker is recommending to clients:

Which ASX REITs are being tipped as buys?

There are no less than 14 ASX REITs that Macquarie thinks are in the buy zone this month.

The first is Arena REIT No 1 (ASX: ARF), which it has an outperform rating and $3.96 price target on. However, with its shares trading at $3.77, the upside is somewhat limited from here.

It is a similar story for Centuria Capital Group (ASX: CNI). The broker has an outperform rating and $1.78 price target on its shares.

More upside is expected from Centuria Industrial REIT (ASX: CIP) shares. Macquarie has an outperform rating and $3.34 price target on this ASX REIT.

Fellow industrial property company Dexus Industria REIT (ASX: DXI) is also in favour with the broker. It has an outperform rating and $3.18 price target on its shares.

Data centres and more

For big returns, investors might want to check out data centre focused property company DigiCo Infrastructure REIT (ASX: DGT). Macquarie has an outperform rating and $5.33 price target on its shares, which implies potential upside of 56% for investors from current levels.

Fellow data centre (and industrial property) developer Goodman Group (ASX: GMG) is rated as outperform with a $36.06 price target.

Another REIT with potential to rise strongly is Dexus (ASX: DXS). The broker has an outperform rating and $8.08 price target. This suggests that upside of 15% is possible from current levels.

Limited upside is expected for Growthpoint Properties Australia Ltd (ASX: GOZ), with Macquarie holding an outperform rating and $2.57 price target on its shares.

The broker has outperform ratings on GPT Group (ASX: GPT) and Healthco Healthcare and Wellness REIT (ASX: HCW) shares with price targets of $5.38 and $1.05, respectively.

Elsewhere, Lendlease Group (ASX: LLC) could be another ASX REIT with major upside. Macquarie has an outperform rating and $7.79 price target on its shares. This implies potential upside of 36% over the next 12 months.

The final three are Mirvac Group (ASX: MGR), National Storage REIT (ASX: NSR) and Qualitas Ltd (ASX: QAL). Macquarie has outperform ratings on them with price targets of $2.56, $2.42, and $3.10, respectively.

Based on the above, the three to buy are arguably DigiCo Infrastructure REIT, Lendlease, and Goodman Group.

The post Thinking of buying an ASX REIT? Check out Macquarie's top picks appeared first on The Motley Fool Australia.

But broker Macquarie is forecasting ho-hum dividend yields from the big four banks this year.

Specifically, 2.8% for Commonwealth Bank of Australia (ASX: CBA) shares, 4.6% for National Australia Bank Ltd (ASX: NAB) shares, 4.8% for Westpac Banking Corporation (ASX: WBC) shares, and 5.7% for Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares, based on stock prices at the time of writing.

Macquarie also has uninspiring ratings on these ASX bank stocks — namely a neutral rating on ANZ and NAB shares and an underperform rating on CBA and Westpac shares.

The broker also expects the share prices of all four big bank stocks to fall over the next 12 months.

If you want to heed Macquarie's advice and avoid the bank stocks for now, what should you buy instead?

Investing in the ASX financial sector is still a sound option, given it's the market's second biggest sector and is known for good dividends.

Lots of ASX financial shares also offer appealing potential upside over the next 12 months, according to the broker.

14 ASX financial shares set to outperform: broker

According to a new note, Macquarie has given an outperform rating to 14 of the ASX financial shares under its coverage.

Some of them are offering more potential share price growth than others.

Here are some examples.

Liberty Group (ASX: LFG)

The broker has a 12-month price target of $4.40 on this ASX financial share.

The Liberty share price finished yesterday's session at $3.12.

The broker's forecast implies a potential 41% upside from here.

QBE Insurance Group Ltd (ASX: QBE) 

Macquarie has a share price target of $23 on this insurance giant.

QBE shares closed at $22.37 on Thursday, implying an almost 3% upside on offer to investors from here.

GQG Partners Inc (ASX: GQG) 

Macquarie has a share price target of $2.90 on GQG.

The GQG share price at the market close yesterday was $2.24.

The broker's forecast implies a potential 29% upside ahead.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Macquarie has a 12-month target of $27.37 on Pinnacle Investment shares.

Pinnacle Investment shares closed at $19.92 yesterday, suggesting a possible 37% upside from here.

Navigator Global Investments Ltd (ASX: NGI)

The broker has a 12-month target of $2.37 on this ASX financial share.

Navigator shares closed at $1.75 on Thursday, indicating a potential 36% capital gain ahead.

Fleetpartners Group Ltd (ASX: FPR)

Macquarie has a 12-month target of $3.77 on the stock of this car fleet management company.

Fleetpartners shares closed at $2.99 on Thursday, implying 26% potential growth over the next year.

Qualitas Ltd (ASX: QAL)

The broker has a target price of $3.10 on this alternative real estate investment manager.

Qualitas shares closed at $2.74 yesterday, suggesting a potential 13% capital gain ahead.

AMP Ltd (ASX: AMP)

The broker has a 12-month target of $1.34 on this ASX financial share.

The AMP share price closed at $1.31 yesterday.

The broker's forecast implies AMP shares are almost fully valued, with just 2% potential growth ahead.

The post 8 alternative ASX financial shares to buy instead of bank stocks: broker appeared first on The Motley Fool Australia.

As you'd expect, that included a number of companies in the listed property space, including several Australian real estate investment trusts (A-REITs).

Following on the conference, Macquarie Group Ltd (ASX: MQG) said, "The real estate presentations and fireside chats that we hosted had an optimistic tone, with a focus on the resilience and growth potential of the Australian real estate market."

Macquarie noted that the presenters from these ASX stocks "also emphasised the defensive nature of the market".

The broker added:

This presents a favourable outlook for Australian commercial real estate, according to many of the groups we hosted. This is further reinforced by most groups reaffirming FY25 earnings/distribution guidance.

As for Macquarie's top picks in the sector, the broker said its "preferred A-REIT exposures are skewed to quality and growth at a reasonable price".

Those top ASX stock picks include:

• Goodman Group (ASX: GMG)
• National Storage REIT (ASX: NSR)
• Mirvac Group (ASX: MGR)
• Qualitas Ltd (ASX: QAL)
• Dexus Industria REIT (ASX: DXI)

Here are some key takeaways from Macquarie's analysts.

These ASX stocks could benefit from falling interest rates

Macquarie noted that interest rate cuts from the RBA are expected to be a positive catalyst for sales volumes for ASX stocks including Mirvac.

The broker said Mirvac has "a fair way to go" before the company sees its residential sales volumes return to its long run average of 210 lots per month. That figure stood at 105 in FY 2024 but most recently climbed back to 155 lots per month.

According to Macquarie:

Hopefully the interest rate cycle will be a catalyst. Demand from capital continues to be in logistics and living. MGR is currently raising into its wholesale office fund and has been surprised by the level of capital demand for office in general.

As for top ASX stock pick Qualitas, Macquarie said, "QAL expects an increase in private credit investment in Australia, particularly from those who would have invested in the US."

The broker added:

Recent investor engagement has highlighted increased risk hurdles in the US, which has opened up a capital allocation gap. QAL is continuing to attract new investors, having just attracted a relatively large European investor into its income debt strategies, as well as a large Asian investor.

Turning to Dexus, Macquarie said, "Uncertainty is decreasing following challenges over the past five years. Investors are deploying capital now."

Macquarie noted:

DXS wants to move its ratio of third-party capital to balance sheet from 2.7x to 5.0x, which will drive an increase in funds contribution from 17% of FFO [funds from operations] to 25-30%. In 3Q25, DXS exchanged/settled ~$960m of transactions, the majority of which were transactions on behalf of a number of funds.

The post 5 ASX stocks making Macquarie's top picks in the listed property sector appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine share price is up 3% to $1.68. This follows the release of the media company's half year results this morning. Nine reported a 1% increase in revenue to $1.39 billion but a 25% decline in net profit after tax to $112 million. Investors appear to be focusing more on management's plan to cut costs. It is planning restructuring that will ensure its optimal positioning into the future. This includes targeting further cost efficiencies of more than $100 million through the end of FY 2027.

Qualitas Ltd (ASX: QAL)

The Qualitas share price is up 10% to $2.72. This morning, this alternative real estate investment manager released its half year results and revealed a 19% increase in funds management revenue to $30.8 million and a 28% jump in normalised net profit after tax to $16.2 million. This allowed the Qualitas board to increase its fully franked interim dividend by 29% to 5.4 cents per share. Commenting on the future, Managing Director and Co-Founder Andrew Schwartz said: "Australia's commercial real estate private credit market is still in its early stages compared to other geographies and is well positioned to further grow given strong residential tailwinds and access to attractive risk-adjusted returns."

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 2.5% to $23.97. Investors have been buying the energy giant's shares after the release of its full year results. Woodside reported a 6% decline in operating revenue to US$13,179 million and a 115% increase in net profit after tax to US$3,573 million due to favourable one-offs. However, on an underlying basis, its net profit was down 13% to US$2,880 million primarily due to lower realised oil and gas prices. Woodside declared a 53 US cents per share. Overall, this result was largely in line with the market's expectations.

Zip Co Ltd (ASX: ZIP)

The Zip share price is up 16% to $2.76. This follows the release of the buy now pay later provider's half year results. Zip posted a 23.9% increase in total transaction value to $6.2 billion and a 117.1% jump in cash EBTDA to $67 million. This was driven largely by the company's US business, which continued its explosive growth during the six months.

The post Why Nine, Qualitas, Woodside, and Zip shares are storming higher today appeared first on The Motley Fool Australia.

During this time, the ASX All Ords stock has risen by a sizeable 25%.

Investors have been buying the alternative real estate investment manager's shares after it delivered growth in all the right places.

This includes increasing its committed funds under management to approximately $8.9 billion at the last count.

What is this ASX All Ords stock?

Qualitas describes itself as a company providing global capital with access to attractive risk adjusted investments in real estate private credit and real estate private equity through a range of investment solutions for institutional, wholesale and retail clients.

It aims to offer flexible capital solutions for its partners, creating long term value for shareholders, and the communities in which it operates.

In FY 2024, the company reported a 25% increase in normalised EBITDA to $41.9 million and normalised net profit before tax growth of 26% to $39 million.

But if you thought this growth was over, think again. Management is guiding to net profit before tax of between $49 million and $55 million in FY 2025. This represents an increase of 26% to 41%, respectively, on FY 2024's numbers.

'Plenty more upside'

Analysts at Blackwattle Investment Partners have been impressed with the company's performance and believe there's more to come.

Commenting on the ASX All Ords stock in its latest fund update, the investment company said:

Qualitas is a founder-led alternative real estate investment manager focused on private credit and equity across the Commercial Real Estate sector and is the only pureplay in the Australian market. Its share price rose 17% in October as the outlook for residential lending improved with the Victorian government announcing a one-year stamp duty exemption for off-the-plan purchases and 50 higher density "activity centres" around Melbourne's high frequency train lines, in addition to green shoots of apartment pricing escalation which supports project feasibility.

Despite the recent share price run, we still see plenty more upside as QAL capitalises on the structural tailwinds of ongoing penetration of private credit and the housing undersupply in Australia.

The team at Morgans is likely to agree with this view.

A recent note reveals that its analysts have an add rating and $3.20 price target on the ASX All Ords stock. Based on its current share price of $2.67, this implies potential upside of approximately 20% for investors over the next 12 months.

The post Up 25% in a year, why this ASX All Ords stock has 'plenty more upside' appeared first on The Motley Fool Australia.