In this article, we will discuss the 5 dividend stocks to buy according to Hoon Kim’s Quantinno Capital. If you want to read our detailed analysis of Kim’s history, investment philosophy, and hedge fund performance, go directly to the 10 Dividend Stocks to Buy According to Hoon Kim’s Quantinno Capital.
5. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)
Quantinno Capital Stake Value: $476,000
Percentage of Quantinno Capital’s 13F Portfolio: 0.53%
Number of Hedge Fund Holders: 27
Dividend Yield: 5.73%
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is in the business of buying, financing, and holding real estate that is leased to gaming companies under triple-net leasing agreements. In November, Mizuho analyst Haendel St. Juste raised his price target on Gaming and Leisure Properties to $56 from $52 and maintained a “Buy” rating on the shares.
In the third quarter of 2021, Gaming and Leisure Properties, Inc. had an FFO of $0.89, beating estimates by $0.05. The company’s revenue was $298.7 million, down 2.9% year over year, beating estimates by $3.23 million. Shares of the company are up 10.21% in the past twelve months and 12.73% year to date.
Out of the hedge funds being tracked by Insider Monkey, Gates Capital Management is a leading shareholder in Gaming and Leisure Properties, Inc. with 3.65 million shares worth more than $169.26 million, corresponding to 4.65% of its total 13F portfolio.
4. National Health Investors, Inc. (NYSE:NHI)
Quantinno Capital Stake Value: $258,000
Percentage of Quantinno Capital’s 13F Portfolio: 0.28%
Number of Hedge Fund Holders: 13
Dividend Yield: 6.37%
National Health Investors, Inc. (NYSE:NHI) is a real estate investment trust specializing in senior housing and medical assets through sale-leaseback, joint-venture, mortgage, and mezzanine finance. The company is a good option for dividend investors. It declared a quarterly dividend of $0.90 per share on November 8, in line with the previous. In addition, National Health Investors was raised to “Overweight” from “Equalweight” by Capital One analyst Daniel Bernstein on November 11th, with a price objective of $65.
In the third quarter of 2021, the company had an FFO of $1.15, missing estimates by $0.03. In addition, the company’s revenue was $73.83 million, below estimates by $0.38 million.
By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in National Health Investors, Inc. worth roughly $45.55 million. This is compared to 11 hedge funds in the previous quarter, with a total stake value of about $30.14 million.
3. Office Properties Income Trust (NASDAQ:OPI)
Quantinno Capital Stake Value: $331,000
Percentage of Quantinno Capital’s 13F Portfolio: 0.36%
Number of Hedge Fund Holders: 8
Dividend Yield: 8.33%
Office Properties Income Trust (NASDAQ:OPI) owns, operates, and rents single and multi-tenant office properties. Shares of the company rallied 15.14% in the last twelve months. Moreover, in October the company declared a quarterly dividend of $0.55 per share, in line with the previous.
In October, Office Properties Income Trust posted an FFO of $1.24 and a Rental income of $147.57 million for the third quarter of 2021. The smart money is taking notice of the firm, with 8 hedge funds tracked by Insider Monkey reporting ownership holdings in the company at the end of the third quarter, up from 7 funds a quarter earlier.
In the third quarter of 2021, Hoon Kim’s Quantinno Capital owned 13,068 shares in Office Properties Income Trust worth $331,000. This represented 0.36% of the investment portfolio of the hedge fund.
2. Sabra Health Care REIT, Inc. (NASDAQ:SBRA)
Quantinno Capital Stake Value: $256,000
Percentage of Quantinno Capital’s 13F Portfolio: 0.28%
Number of Hedge Fund Holders: 14
Dividend Yield: 8.42%
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) is a real estate investment trust that manages and invests in healthcare-related assets. The company posted $128.59 million in third-quarter revenue while EPS stood at around $0.05, both missing the estimates by $15.21 million and $0.12 respectively. In addition, the company announced a quarterly dividend of $0.30 per share, in line with previous.
Baird analyst Amanda Sweitzer initiated coverage of Sabra Health Care REIT in October with an “Outperform” rating and gave a price target of $18. Cliff Asness’s AQR Capital Management was the leading stakeholder in the company. At the same time, Ken Griffin’s Citadel Investment Group is the second-largest shareholder of Sabra Health Care REIT.
Hedge funds sentiment decreased in Sabra Health Care REIT, Inc. As of Q2 2021, 14 hedge funds have positions in the company, compared with 21 in the previous quarter.
1. Global Net Lease, Inc. (NYSE:GNL)
Quantinno Capital Stake Value: $233,000
Percentage of Quantinno Capital’s 13F Portfolio: 0.26%
Number of Hedge Fund Holders: 13
Dividend Yield: 10.45%
Global Net Lease, Inc. (NYSE:GNL) is a real estate investment services company. Its primary goal is to build a diverse worldwide portfolio of commercial properties, concentrating on sale-leaseback transactions involving single tenant, mission-critical net-leased assets in the United States, Western Europe, and Northern Europe. In October, the company declared a quarterly dividend of $0.40 per share, in line with the previous.
Among hedge funds being tracked by Insider Monkey, Millennium Management held the most valuable stake in Global Net Lease, Inc., worth $16.75 million in the third quarter. On November 4, the company posted earnings results for the third quarter, reporting an FFO of $0.43, missing the estimates by $0.02. However, the revenue over the period was more than $95.75 million, up 15.8% year-on-year.
At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $26.16 million in Global Net Lease, Inc., down from 16 in the preceding quarter worth $38.69 million.
You can also take a peek at 12 Best Long-Term Dividend Stocks To Buy Now and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job
