In this article, we discuss the 5 dividend stocks to buy according to Nicholas Bagnall’s Te Ahumairangi Investment Management. If you want our detailed analysis of these stocks, go directly to 10 Dividend Stocks to Buy According to Nicholas Bagnall’s Te Ahumairangi Investment Management.
5. W. P. Carey Inc. (NYSE:WPC)
Te Ahumairangi Investment Management’s Stake Value: $5,093,000
Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 0.66%
Dividend Yield: 5.44%
Number of Hedge Fund Holders: 29
W. P. Carey Inc. (NYSE:WPC) is an REIT focused on corporate real estate, with a geographically diverse portfolio comprising 150 million square feet of rental space for a range of tenants and tenant industries. W. P. Carey Inc. (NYSE:WPC) owns 1,266 lease properties across 25 countries, with an occupancy rate of 98%. Offering a dividend yield of 5.44%, W. P. Carey Inc. (NYSE:WPC) is a top dividend stock according to Nicholas Bagnall’s Te Ahumairangi Investment Management.
Te Ahumairangi Investment Management owns 68,252 shares in W. P. Carey Inc. (NYSE:WPC), worth over $5 million, representing 0.66% of Bagnall’s 13F portfolio as of the end of June.
At the end of Q2, 29 hedge funds in Insider Monkey’s database reported owning stakes in W. P. Carey Inc. (NYSE:WPC), up from 23 in the first quarter.
4. Exxon Mobil Corporation (NYSE:XOM)
Te Ahumairangi Investment Management’s Stake Value: $3,833,000
Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 0.50%
Dividend Yield: 5.48%
Number of Hedge Fund Holders: 68
Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation, headquartered in Texas. The company was created after Exxon and Mobil, descendants of John Rockefeller’s Standard Oil, merged in 1999 to form Exxon Mobil Corporation (NYSE:XOM). It is one of the leading Big Oil companies, dealing in crude oil, oil products, natural gas, petrochemicals, and power generation. Exxon Mobil Corporation (NYSE:XOM) is traded as a S&P 100 Component, and is one of the best dividend stocks to buy according to Bagnall’s Q2 portfolio.
Te Ahumairangi Investment Management owns 60,764 shares in Exxon Mobil Corporation (NYSE:XOM), valued at $3.83 million. Some of the firm’s largest stakeholders are The Vanguard Group, BlackRock, and the State Street Corporation.
Overall, 68 hedge funds were bullish on Exxon Mobil Corporation (NYSE:XOM) at the end of Q2, up from 65 in the first quarter.
On October 11, Lucas Herrmann, an analyst from Exane BNP Paribas, downgraded Exxon Mobil Corporation (NYSE:XOM) from Neutral to Underperform with a price target of $60.
3. Sabra Health Care REIT, Inc. (NASDAQ:SBRA)
Te Ahumairangi Investment Management’s Stake Value: $4,669,000
Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 0.61%
Dividend Yield: 7.86%
Number of Hedge Fund Holders: 14
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) is a Canadian REIT offering rental and lease properties to facilitate medical institutions, healthcare centers, nursing homes, old age homes, and relevant spaces. The REIT has 41,836 units across 41 states in 3 Canadian provinces, and the United States. Offering a high dividend yield of 7.86%, Sabra Health Care REIT, Inc. (NASDAQ:SBRA) is one of Bagnall’s top dividend stock picks.
Nicholas Bagnall’s Te Ahumairangi Investment Management 256,549 shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA), worth $4.69 million. Schonfeld Strategic Advisors holds the largest stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA), with 1.8 million shares valued at $33.1 million. Overall, 14 hedge funds were bullish on Sabra Health Care REIT, Inc. (NASDAQ:SBRA) at the end of June.
2. AT&T Inc. (NYSE:T)
Te Ahumairangi Investment Management’s Stake Value: $12,954,000
Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 1.69%
Dividend Yield: 7.99%
Number of Hedge Fund Holders: 68
AT&T Inc. (NYSE:T) is a Texas-based multinational conglomerate holding company, which is the largest global telecommunications company, as well as the leading US mobile telephone services provider. AT&T Inc. (NYSE:T) is engaged in services like satellite television, internet, broadband, digital television, podcasts, radio, and the like. AT&T Inc. (NYSE:T) is traded as a S&P 100 Component. It is one of the top stock picks by Nicholas Bagnall’s Te Ahumairangi Investment Management for dividend investors, with a yield of 7.99%.
Nicholas Bagnall’s Te Ahumairangi Investment Management owns 450,094 shares in AT&T Inc. (NYSE:T), worth $12.95 million, making up 1.69% of Bagnall’s 13F portfolio.
Here is what Nelson Capital Management has to say about AT&T Inc. (NYSE:T) in its Q1 2021 investor letter:
“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”
1. Rio Tinto Group (NYSE:RIO)
Te Ahumairangi Investment Management’s Stake Value: $7,724,000
Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 1.00%
Dividend Yield: 10.43%
Number of Hedge Fund Holders: 21
Rio Tinto Group (NYSE:RIO) is the highest yielding dividend stock picked by Nicholas Bagnall’s Te Ahumairangi Investment Management, with a yield of 10.43%. Rio Tinto Group (NYSE:RIO) is a multinational metals and mining corporation, second largest in the world. The company specializes in iron ore, copper, diamonds, gold, and uranium. Headquartered in London, Rio Tinto Group (NYSE:RIO) is traded as a FTSE 100 Index Component.
Te Ahumairangi Investment Management owns 92,072 shares in Rio Tinto Group (NYSE:RIO), amounting to $7.72 million, accounting for 1% of Bagnall’s 13F portfolio at the end of Q2.
Billionaire Ken Fisher’s Fisher Asset Management is the leading stakeholder in Rio Tinto Group (NYSE:RIO), with 12.92 million shares worth $1.08 billion. Overall, 21 hedge funds monitored by Insider Monkey were bullish on Rio Tinto Group (NYSE:RIO) at the end of the second quarter, down from 25 in Q1.
You can also take a look at 9 Best Hydrogen Fuel Cell Stocks To Buy and 11 Best Artificial Intelligence and Robotics Stocks To Buy According To Hedge Funds.
