Daniel Johnson’s Gillson Capital Portfolio: 5 Best Dividend Stocks

2. W. P. Carey Inc. (NYSE:WPC)

Number of Hedge Fund Holders: 20
Dividend Yield as of February 17: 5.54%
Gillson Capital’s Stake Value: $14,140,000

In January, BofA upgraded W. P. Carey Inc. (NYSE:WPC), an American real estate investment trust, to Neutral, as the sector is offering higher dividend yields and presenting earnings growth after the pandemic.

In December 2021, W. P. Carey Inc. (NYSE:WPC) announced a quarterly dividend of $1.055 per share, up 0.3% from the previous dividend. The stock’s current dividend yield stands at 5.54%. Moreover, W. P. Carey Inc. (NYSE:WPC)’s 10-year dividend CAGR stands at 7.01%, which is lauded by analysts. In Q4 2021, the company represented 0.92% of Daniel Johnson’s portfolio, as his hedge fund increased its stake in the company by 7%. Gillson Capital held shares worth over $14.1 million in W. P. Carey Inc. (NYSE:WPC).

Of the 927 hedge funds tracked by Insider Monkey in the fourth quarter, 20 hedge funds held stakes in W. P. Carey Inc. (NYSE:WPC), worth $131.5 million. In comparison, 24 hedge funds held shares in the company in the previous quarter, worth $142.7 million. Among these hedge funds, Renaissance Technologies was one of the company’s major shareholders in Q4, holding shares worth over $26 million.