Analysts name 2 quality ASX 200 shares for a retirement portfolio

These ASX shares could be a top options for retirees…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for retirement portfolio options for 2023? If you are, then you may want to look at the quality ASX 200 shares listed below.

Here's why these shares could be top options for retirees:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 share to consider for a retirement portfolio is Centuria Industrial.

It is an industrial-focused property company that owns a portfolio of high quality industrial assets that has been constructed with the aim of delivering consistent income and capital growth to investors.

Centuria Industrial highlights that its portfolio is heavily weighted to areas of the economy that are in demand from tenants. This includes properties linked to the production, packaging, and distribution of consumer staples, telecommunications and pharmaceuticals.

One leading broker that is positive on Centuria Industrial's outlook is Ord Minnett. It currently has a buy rating and $3.50 price target on its shares. The broker is also forecasting dividends per share of 16 cents in FY 2023 and FY 2024.

Based on the current Centuria Industrial share price of $3.16, this represents yields of 5% in both years.

Transurban Group (ASX: TCL)

Another ASX share that could be a good option for a retirement portfolio is this leading toll road operator. Transurban owns a portfolio of roads in Australia and North America, as well as a significant project pipeline that could support its growth in the coming years.

After struggling during the pandemic, the company has bounced back and traffic volumes are now booming again. Combined with its positive exposure to inflation, Transurban has been tipped to grow at a solid rate in the coming years.

Macquarie is positive on the company. It currently has an outperform rating and $14.19  price target on its shares.

In addition, the broker is forecasting dividends per share of 53 cents in FY 2023 and then 56.5 cents in FY 2024. Based on the current Transurban share price of $13.58, this will mean yields of 3.9% and 4.2%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Retirement

Retirement

3 ASX 200 shares to buy for a strong retirement portfolio

Analysts think these blue chip shares are in the buy zone right now.

Read more »

A man in suit and tie is smug about his suitcase bursting with cash.
Retirement

How the ASX MOAT ETF can help you retire early

Want to invest like Warren Buffett? This is how you can do it and try to retire rich.

Read more »

Woman at home saving money in a piggybank and smiling.
Superannuation

Here's the average superannuation balance at age 35 in Australia

How does your super measure up?

Read more »

A mature-aged couple high-five each other as they celebrate a financial win and early retirement
Retirement

3 super strong ASX 200 retirement shares to buy in November

Analysts think these strong stocks could be great options for investors right now.

Read more »

A middle-aged couple dance in the street to celebrate their ASX share gains
Retirement

Approaching retirement? Here's why I would put $10,000 into this ASX stock

I think this stock could be the perfect fit for your golden years...

Read more »

A middle-aged man working from home looks at his mobile phone with a laptop open on the table in front of him.
Share Market News

Here's why more Australians intend to work during retirement

A new survey reveals insights into the retirement intentions of older Australian workers.

Read more »

A couple calculate their budget and finances at home using laptop and calculator.
Superannuation

Is your superannuation on track for retiring at age 65?

Knowing the numbers can be a helpful guide.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Retirement

How I plan to retire rich with ASX shares

These are the steps that I would take to ensure I reach retirement with plenty of funds.

Read more »