10 S&P 500 Dividend Aristocrats To Avoid

In this article, we discuss 10 dividend aristocrats to avoid according to hedge funds. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 25 S&P 500 Dividend Aristocrats To Avoid. 

10. Essex Property Trust, Inc. (NYSE:ESS)

Number of Hedge Fund Holders: 26

Essex Property Trust, Inc. (NYSE:ESS) is a real estate investment trust company, based in California. On May 12, the company declared a quarterly dividend of $2.31 per share, which was consistent with its previous dividend. Its dividend growth streak stands at 28 years. The stock has a dividend yield of 4.35%, as of May 30.

In May, Piper Sandler raised its price target on Essex Property Trust, Inc. (NYSE:ESS) to Overweight with a $271 price target, up from $242. The firm appreciated the company’s business model and its earnings.

Of the 943 hedge funds tracked by Insider Monkey, 26 hedge funds owned stakes in Essex Property Trust, Inc. (NYSE:ESS), worth collectively over $1204 million. AEW Capital Management was the largest stakeholder of the company in Q1.