5 Best Dividend Stocks to Buy According to Billionaire Izzy Englander

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In this article, we discuss the 5 best dividend stocks to buy according to billionaire Izzy Englander. If you want to read our detailed analysis of Englander’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire Izzy Englander.

5. Ares Commercial Real Estate Corporation (NYSE: ACRE)

Englander’s Stake Value: $10,304,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 9.13%
Number of Hedge Fund Holders: 14

Ares Commercial Real Estate Corporation (NYSE: ACRE) is an American real estate investment trust. The company was founded in 2011 and is placed fifth on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Ares currently has a $695.15 million market capitalization and was able to deliver a 57.74% return in the past 12 months.

On May 4, Ares Commercial posted earnings for the first quarter of 2021. Revenue in the period was $21.22 million, up 0.4% YoY, beating the estimates by $2.83 million. Ares Commercial has also paid consistent dividends over the last several years. Recently, Ares Commercial declared quarterly dividend of $0.33 per share. The company declared a supplemental cash dividend of $0.02 per share. On February 2, BTIG initiated coverage on Ares Commercial with a “Buy” rating and a price target of $13.50.

There were 14 hedge funds in our database that held stakes in Ares Commercial in Q1 2021, compared to 8 funds in the previous quarter. Millennium Management is the Ares Commercial Real Estate Corporation (NYSE: ACRE)’s most significant stakeholder, with 751,044 shares worth $10.30 million.




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