5 Best Dividend Stocks to Buy According to John Khoury’s Long Pond Capital

2. National Retail Properties, Inc. (NYSE: NNN)

Khoury’s Stake Value: $49,863,000
Percentage of John Khoury’s 13F Portfolio: 1.7%
Dividend Yield: 4.35%
Number of Hedge Fund Holders: 22

National Retail Properties, Inc. (NYSE: NNN) is a real estate investment trust, which invests mainly in high-quality properties. The company was incorporated in 1984 and is ranked second on the list of 10 best dividend stocks to buy according to John Khoury’s Long Pond Capital. National Retail currently has an $8.51 billion market capitalization. It delivered a 36.53% return in the past 12 months.

On July 15, National Retail Properties, Inc. (NYSE: NNN) declared a quarterly dividend of $0.53 per share, which was a 1.9% increase from its prior dividend of $0.52. On July 1, Wells Fargo analyst Todd Stender raised the firm’s price target to $50 from $44 and kept an “Equal Weight” rating on the shares. On May 4, National Retail Properties, Inc. (NYSE: NNN) posted Funds from operations (FFO) for the first quarter of 2021. It reported FFO of $0.69, beating market predictions by $0.05. The revenue for the first three months of 2021 was over $179 million, beating the market predictions by $12.67 million.

Long Pond Capital holds 1.13 million shares in National Retail Properties, Inc. (NYSE: NNN) worth over $49 million, representing 1.7% of their portfolio. The hedge fund has trimmed stakes in the firm by 44% in the past few months. As of the end of the first quarter, there were 22 hedge funds in Insider Monkey’s database that held stakes in National Retail Properties, Inc. (NYSE: NNN), compared to 14 funds in the previous quarter.