In this article, we discuss the 5 best dividend stocks to buy according to billionaire Michael Hintze. If you want to read our detailed analysis of Hintze’s history, and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire Michael Hintze.
5. STORE Capital Corporation (NYSE: STOR)
Percentage of Michael Hintze’s 13F Portfolio: 0.27%
Number of Hedge Fund Holders: 13
STORE Capital Corporation (NYSE: STOR) is a real estate investment trust (REIT) operating in the acquisition, investment, and management of single-tenant operational real estate. The company ranks 5th on our list of the best dividend stocks to buy according to billionaire Michael Hintze.
Out of the 866 hedge funds tracked by Insider Monkey, 13 held stakes in STORE Capital Corporation (NYSE: STOR) in the first quarter of 2021, worth roughly $886 million. This is compared to Q4 2020 numbers of 12 out of 887 hedge funds holding stakes in the company worth almost $862 million.
4. Four Corners Property Trust, Inc. (NYSE: FCPT)
Percentage of Michael Hintze’s 13F Portfolio: 0.05%
Number of Hedge Fund Holders: 18
Four Corners Property Trust, Inc. (NYSE: FCPT) is a real estate investment trust based in California, and operating in the acquisition and leasing of restaurant properties. The company ranks 4th on our list of the best dividend stocks to buy according to billionaire Michael Hintze.
On June 10th, Four Corners Property Trust, Inc. (NYSE: FCPT) acquired two properties worth $2.7 million in New York, alongside the DaVita Kidney Care property for $1.1 million. The company also released its first-quarter of 2021 reports, in which it was revealed that its EPS stood at $0.26. They also revealed a $46.75 million revenue and $20.58 million in earnings. The stock gained 1.16% year to date.
Out of the 866 hedge funds tracked by Insider Monkey, 18 held shares in Four Corners Property Trust, Inc. (NYSE: FCPT) in Q121, valued at roughly $115 million. This is compared to 12 hedge fund holders in the previous quarter with stakes worth a total of about $74 million.
Merion Road Capital Management mentioned Four Corners Property Trust, Inc. (NYSE: FCPT) in its investor letter for the fourth quarter of 2020. Here’s what they said:
“Four Corners (“FCPT”) was a large detractor for the year as I completely exited our position in March. As a REIT, FCPT operates with relatively high leverage (though within the REIT universe FCPT is conservatively financed). This perceived risk was heightened by their focus on restaurant properties. Retrospectively I should have held or added to our exposure. But part of my job is risk management, and I simply did not feel comfortable holding it given the uncertainties at the time.”
3. Clearway Energy, Inc. (NYSE: CWEN)
Percentage of Michael Hintze’s 13F Portfolio: 0.54%
Number of Hedge Fund Holders: 24
Clearway Energy, Inc. (NYSE: CWEN) is a utility company operating in the renewable energy sector in the US. The company ranks 3rd on our list of the best dividend stocks to buy according to billionaire Michael Hintze.
In its first-quarter for 2021 report, Clearway Energy, Inc. (NYSE: CWEN) revealed its EPS was valued at -$0.26 and its revenue of $258 million which represented a 9.79% growth year over year. The company also announced a gross profit margin of 67.49%. It upgraded to Buy at Seaport Global this March.
Out of the 866 hedge funds tracked by Insider Monkey, 24 held shares in Clearway Energy Inc., (NYSE: CWEN) in Q121, valued at roughly $232 million. This is compared to 22 hedge fund holders in the previous quarter with stakes worth a total of about $286 million.
2. BHP Group (NYSE: BBL)
Percentage of Michael Hintze’s 13F Portfolio:
Number of Hedge Fund Holders: 23
BHP Group (NYSE: BBL) is a basic materials company working in the natural resources business internationally. The company works to explore and develop oil and gas properties and also mines copper, silver, zinc, and other metals. It ranks 2nd on our list of the best dividend stocks to buy according to billionaire Michael Hintze.
In the first quarter of 2021, BHP Group (NYSE: BBL) announced its revenue to be $12.82 billion, while its earnings were valued at $1.94 billion. The stock also gained 14.52% in the past 6 months and 10.4% year to date. By the end of the first quarter of 2021, 23 out of 866 hedge funds tracked by Insider Monkey held shares in BHP Group (NYSE: BBL) worth roughly $1.35 billion. This is compared to 18 hedge fund holders in the previous quarter with shares valued at almost $1.22 billion.
1. Golden Ocean Group Limited (NASDAQ: GOGL)
Percentage of Michael Hintze’s 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 11
Golden Ocean Group Limited (NASDAQ: GOGL) is a marine shipping company that owns a fleet of dry bulk vessels including Ultramax vessels. The company ranks 1st on our list of the best dividend stocks to buy according to billionaire Michael Hintze, despite being a new addition to the portfolio added in the first quarter of 2021.
In the first quarter of 2021, the company beat EPS estimates by $0.04 with its EPS being $0.11. It also beat revenue estimates by $43.9 million with its $158.05 million revenue for the quarter, which demonstrated a 15% growth year-over-year. Golden Ocean Group Limited (NASDAQ: GOGL) also gained 138.53% in the past six months and 130.54% year to date. It currently has a forward PE ratio of 7.25.
By the end of the first quarter of 2021, 11 hedge funds out of 866 tracked by Insider Monkey held stakes in Golden Ocean Group Limited (NASDAQ: GOGL) worth around $62 million. This is compared to Q4 2020 numbers of 6 hedge funds holding stakes in the company worth roughly $28 million.
You can also take a peek at the 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.
