The ASX reporting season continued in full swing on Thursday, with many more businesses posting their FY26 results. Among some of the biggest names are Zip Co Ltd (ASX: ZIP), APA Group Ltd (ASX: APA) and Dexus (ASX: DXS).

Let’s recap how the shares are tracking today and whether brokers rate them a buy, sell or hold.

Buy Zip shares

Zip posted a huge 57.9% increase in its cash EBTDA, a 24.7% increase in total revenue, and a 45.7% hike in its NPAT for FY26.

The company expects its cash EBTDA to climb even higher in FY27, by around 26% thanks to strong growth and greater scale across the business.

The announcement has been well received by investors who are rushing to snap up the buy now, pay later (BNPL) provider’s shares this morning.

At the time of writing, Zip shares are up a huge 17% and changing hands for $3.02 a piece. Today’s increase means the shares are now just 10% lower for the year-to-date and are just 0.5% below trading levels seen this time last year.

Experts are incredibly bullish about the outlook for Zip shares too. 

TradingView data shows all 13 analysts have a buy/strong buy rating on the shares. The average $4.19 target price implies a 40% upside ahead, at the time of writing. Although some are confident that Zip shares can climb another 88% to $5.59 within the next 12 months.

Hold APA shares

APA reported an 8.3% increase in underlying EBITDA as part of its FY26 results this morning, surpassing guidance. 

The company also announced a 3.2% increase in its free cash flow and 1.9% uplift in statutory revenue (excluding pass-through), and a 81.4% jump in statutory net profit.

APA is also guiding a higher underlying EBITDA of between $2,260 million and $2,340 million for FY27.

The news seems to have sat well with investors, but there isn’t a significant shift in the share price at the time of writing. APA shares are up around 1% for the day so far, and trading at $10.18 a piece. The shares are now around 13% higher for the year-to-date and 16% higher than a year ago.

It looks like the shares could now be around fair value, however. 

TradingView data shows sentiment is split between a hold and sell rating on APA shares. The average $9.45 target price implies a potential 7% downside at the time of writing.

Buy Dexus shares

Dexus reported adjusted funds from operations (AFFO) of $483.9 million and distributions of 37.0 cents per security, both matching previous guidance, as part of its FY26 results this morning.

Statutory net profit after tax was $482.2 million, and gearing remained at the lower end of the group’s target range.

For FY27, Dexus expects reduced earnings due to lower performance fees, an immaterial contribution from trading profits, and a smaller contribution from funds under review.

It looks like investors are disappointed with the results. At the time of writing, Dexus shares are down around 2.5% and changing hands for $5.66 a piece.

The shares are now down 19% for the year-to-date and are 24% lower than this time last year.

At the time of writing, the experts are still bullish that we could see a rebound from Dexus shares this year. But it’s possible that some may revisit their positions over the coming days following the company’s results announcement.

TradingView data shows that the majority currently have a buy/strong buy stance on Dexus shares. The average $6.55 target price implies a potential 15% upside at the time of writing.

The post Buy, sell, hold: Dexus, APA, Zip shares appeared first on The Motley Fool Australia.

More reading

• Why Megaport, Northern Star and Zip shares are turning heads on Thursday
• Dexus delivers steady FY26 results, maintains distributions, and advances strategy
• Zip Co reports record FY26 earnings and outlines growth strategy
• APA Group FY26 delivers strong earnings, pipeline expansion, and 22nd annual dividend increase
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Samantha Menzies 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 Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Stockland Corporation Ltd (ASX: SGP) shares are climbing higher into the green on Thursday.

At the time of writing, the shares are up around 2% and changing hands at $4.64 a piece. 

Today’s increase means the shares have now risen over 14% since the company posted its FY26 results ahead of the ASX open on Wednesday morning.

The property group reported a statutory profit up 20.2% to $994 million for FY26, and a 10.4% increase in post-tax Funds From Operations (FFO) to $892 million, hitting the top end of its guidance range.

Stockland announced a full-year dividend distribution steady at 25.2 cents per security, at a payout ratio of 69%. For FY27, the company expects to maintain the same 25.2 cents per security, dividend payment.  

Investors are clearly thrilled with the result and many rushed to buy the shares following the announcement yesterday. The rally has continued this morning, with many more buying into the stock, sending the share price higher again.

There is still a long way to go before Stockland shares can recoup the losses it shed in late-2025 and early-2026, but its certainly a step in the right direction.

Stockland shares are now down around 19% for the year-to-date and 24% lower than 12 months ago.

The question now is, can the shares keep climbing higher. Or has the property group’s shares now reached fair value?

Here’s what the experts think.

Analysts forecasts for Stockland shares over the next 12 months

If analysts’ predictions are anything to go buy, it looks like Stockland shares could be approaching fair value.

Market Index data shows that brokers are split between a buy and hold rating on the shares. But the $4.69 average target price implies a potential 1% upside at the time of writing.

Sentiment is a little more positive according to TradingView data. The majority (seven out of 10) have a buy/strong buy rating on Stockland shares, and another two rate the stock a hold. There is one sell rating.

The average 5.10 target price implies a potential 10% upside at the time of writing. But some are even more bullish and forecast the shares to climb another 26% to $5.80 over the next 12 months.

Ahead of the results announcement, the team at Shaw and Partners confirmed their hold rating on the ASX 200 property shares. They said the business is well positioned to benefit from Australia’s long term population growth and housing supply constraints, while its development pipeline supports future earnings growth.

The broker added that higher interest rates have created some short term headwinds across the property sector. However, Stockland’s robust balance sheet and quality asset portfolio provide resilience.

The post Are Stockland shares a buy after its FY26 results announcement? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• Rate rises have finally caught house prices. What does that means for ASX property shares?
• Stockland profit up 20% as development surges: FY26 results and outlook
• Buy, hold, sell: Newmont, Stockland, NAB shares
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Samantha Menzies 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.

Wam Microcap Ltd (ASX: WMI) is paying a dividend yield of 7.6%, or 10.9% including franking credits, despite reporting an operating loss for the full year.

The fund’s investment portfolio also underperformed, increasing just 0.1% for the year, while its benchmark, the S&P/ASX Small Ordinaries Accumulation Index, rose 8.1%.

Could do better, fund manager says

WAM Microcap Lead Portfolio Manager Oscar Oberg said regarding the result:

Following eight consecutive years of outperformance since listing, FY2026 was a challenging year for the WAM Microcap investment portfolio. The underperformance relative to the benchmark was primarily driven by our limited exposure to resources companies during a period of exceptionally strong performance from the sector, combined with stock selection that was not at the level we expect. The strongest headwind for the portfolio was the significant divergence between resources and industrial companies. While this positioning detracted from investment portfolio performance in FY2026, we believe our focus on identifying undervalued micro-cap industrial companies will continue to create opportunities for shareholders over the long term.

Mr Oberg said the managers believed the fund was well-positioned at the start of the financial year, and they remain confident in the opportunities in the microcap sector.

Since inception, WAM Microcap has increased 14.4% per annum, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 7.4% per annum.

Dividend yield still looking healthy

Wam Microcap will pay its fully-franked dividend of 5.35 cents on October 29 to shareholders on the register on October 16.

The dividend is up slightly from 5.3 cents for the same period last year.

Some of the fund’s largest holdings include EDU Holdings Ltd (ASX: EDU), Artrya Ltd (ASX: AYA), and Echo IQ Ltd (ASX: EIQ).

The fund focuses on companies with a market capitalisation of less than $300 million at the time of acquisition.

Other Wilson funds also paying good dividend yields

The fund’s dividend yield is better than others in the Wilson Asset Management Stable, with WAM Strategic Value Ltd (ASX: WAR), WAM Active Ltd (ASX: WAA), and WAM Income Maximiser Ltd (ASX: WMX) all paying solid dividends, yet not up to that level.

WAM Strategic Value reported earlier this month that it would pay an increased, fully-franked dividend of 6.5 cents per share, up 8.3% on the previous year and representing a yield of 5.9%.

This increases to 8.4% once franking credits are factored in.

WAM Active is paying the same return as WAM Strategic Value; however, if you include capital gains, it returned 40.2% for the year to the end of June.

The post This fund just declared a dividend yield of better than 7% appeared first on The Motley Fool Australia.

More reading

• WAM Microcap hikes dividend for FY26 despite tricky year
• 2 ASX passive income ideas I’d use to generate $200 a month in 2027
• How much is needed in superannuation to target a $2,000 monthly passive income?
• This fund manager thinks these ASX shares are buys and have big potential!
• How much is needed in superannuation to target a $90,000 annual passive income?

Motley Fool contributor Cameron England 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.