Agree Realty Corporation (ADC): Buy this 9% Yielding Portfolio that Insiders and Analysts Love

This article will present a portfolio of three financial stocks that offer elevated dividend yields and, if they are included with equal weights in a portfolio, yield 9%. These three stocks are admired by insiders and the analysts covering them, and offer an excellent opportunity for income-oriented investors to enhance their regular income.

Agree Realty Corporation (NYSE:ADC)

Agree Realty Corporation (NYSE:ADC) operates as an equity REIT in the US with a focus on ownership and management of retail properties leased to national tenants. The company has 87 properties in over 21 states in the US. The properties generate rental income for the REIT.

Agree Realty Corporation (NYSE:ADC) is currently yielding 5.5%, with a quarterly dividend of $0.41 per share. Of the five analysts covering the stock, one analyst recommends that his investors hold Agree Realty Corporation (NYSE:ADC) in their portfolios, while two each rate it as outperform and buy.

The company has also reported insider buying by some of its top executives. Overall, over 25,500 shares of the company were bought during the month of March. Among recent purchases are a director’s January purchases of 50,000 shares at an average price of $27.25 per share.

The company is currently distributing $0.32 per shares in dividends each quarter and yields 10.6%. Six analysts rate it a hold, while four rate it as outperform. Another four recommend that investors buy CYS Investments Inc (NYSE:CYS) Investments. This bullishness is also shared by the company’s insiders. The company has reported in its filings that 72,000 shares were bought by a single director of the company during the last month of 2012.

PennantPark Investment Corp. (NASDAQ:PNNT) is currently offering a yield of 10.24% on its quarterly dividend payment of $0.28 per share. Five of the 13 analysts covering the stock recommend that investors hold it, while four rate it as outperform. Another four think that investors should buy it.

During the current year, around 86,000 shares of the company were bought by one director at an average price of $11.40 per share. The stock price has dipped since then. However, since insiders are known to have better insight into their company’s future, the director’s buy is a strong signal that insiders expect the share price to advance beyond $11.40 level.

Conclusion

The aforementioned stocks enjoy support from the analysts covering them. Besides, insider bullishness suggests growth opportunities. Furthermore, the stocks offer high dividend yields, which in the current low interest rate environment look particularly attractive. Therefore, I recommend that you add these stocks to your retirement portfolio.

The article Buy this 9% Yielding Portfolio that Insiders and Analysts Love originally appeared on Fool.com is written by Adnan Khan.

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