Buy these excellent ASX dividend stocks for 6% to 7% yields

Analysts at Bell Potter think these stocks could be buys for income investors.

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Income investors are a lucky bunch! That's because there are plenty of ASX dividend stocks to choose from on the local market.

But which ones could be in the buy zone in November?

Two that analysts are bullish on are listed below. Here's what they are saying about them:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend stock to look at is the Healthco Healthcare and Wellness REIT.

Bell Potter is a fan of this health and wellness focused real estate investment trust. This is due to its attractive valuation, big yield, and positive earnings growth outlook. It said:

With +5% earnings growth expected for FY25, we see value in HCW at current levels with the buyback putting a floor under the share price and HCW continuing to deliver from a property perspective. At a +7% DPS yield and meaningful discount to NTA, HCW screens attractively on a sector-relative basis.

The broker has a buy rating and $1.50 price target on its shares.

As for dividends, Bell Potter is forecasting dividends per share of 8.4 cents in FY 2025 and 8.7 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.12, this will mean dividend yields of 7.5% and 7.8%, respectively, for income investors.

Rural Funds Group (ASX: RFF)

Another ASX dividend stock that could be a buy is Rural Funds.

It is an agricultural focused real estate investment trust (REIT) that owns a portfolio of assets across a number of agricultural industries. These include orchards, vineyards, water entitlements, cropping, and cattle farms.

Bell Potter is also positive on the company and believes its shares are trading at a very attractive level. It recently commented:

RFF trading at a -40% discount to market NAV and -32% discount to published FY24 NAV, representing some of the widest discounts in RFF's listed history and compared to a historical 8% premium to market NAV and 21% premium to NAV.

The discount to NAV appears excessive when we consider the material improvement in counterparty profitability indicators in recent months (cattle, almond and macadamia prices) and that Australian farm assets have in general largely held values through CY24 (and up in most core RFF regions).

The broker currently has a buy rating and $2.50 price target on Rural Funds shares.

As for income, it is forecasting an 11.7 cents per share dividend in FY 2025 and then a 12.2 cents per share dividend in FY 2026. Based on the current Rural Funds share price of $1.86, this represents yields of 6.3% and 6.6%, 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 positions in and has recommended Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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