5 Best Dividend Stocks to Buy Now According to Billionaire Jim Simons

2. American Finance Trust, Inc. (NASDAQ: AFIN)

Simons’ Stake Value: $287,000
Percentage of Jim Simons’ 13F Portfolio: 0.001%
Dividend Yield: 9.05%
No. of Hedge Fund Holders: 7

American Finance Trust, Inc. (NASDAQ: AFIN) is another public REIT that is part of the best dividend stocks to buy now, according to billionaire Jim Simons. The REIT acquires and manages a robust and diverse portfolio of real estate properties in the U.S’s distribution and traditional retail industries. Like Facebook, Inc. (NASDAQ: FB), Alphabet Inc. (NASDAQ: GOOG) and Tesla, Inc. (NASDAQ: TSLA), American Finance Trust is one of the best stocks in Renaissance’s portfolio.

American Finance Trust announced a Q1 dividend of $0.212 per share, which was in line with the previous quarter’s dividend payout. The REIT announced on April 7 that it managed to collect 99% of Q1 2021s’s original cash rent and 100% of the cash rent from its single-tenant portfolio.

BMO Capital’s analyst Frank Lee rated American Finance Trust, Inc. (NASDAQ: AFIN) stock as a “Sector Perform” and has a $13 price target. B.Riley’s analyst Bryan Maher upgraded the stock to a “Buy,” and has a price target of $11.