5 Best Dividend Stocks to Buy According to John Khoury’s Long Pond Capital

4. NETSTREIT Corp. (NYSE: NTST)

Khoury’s Stake Value: $50,087,000
Percentage of John Khoury’s 13F Portfolio: 1.71%
Dividend Yield: 3.61%
Number of Hedge Fund Holders: 10

NETSTREIT Corp. (NYSE: NTST) is a real estate investment trust established in Dallas, Texas. It was founded in 2019 and is ranked fourth on the list of 10 best dividend stocks to buy according to John Khoury’s Long Pond Capital. NETSTREIT currently has a $1.39 billion market capitalization and was able to deliver a 29.60% return in the past 12 months.

On July 9, Wells Fargo analyst Todd Stender raised the firm’s price target to $26.00 from $20.50 and kept an “Overweight” rating on the shares. On April 29, NETSTREIT Corp. (NYSE: NTST) posted Funds from operations (FFO) for the first quarter of 2021. It reported FFO of $0.23, beating market predictions by $0.01. The revenue for the first three months of 2021 was $11.93 million, up 116.9% YoY, beating the estimates by $0.08 million. 

The most significant stakeholder of NETSTREIT Corp. (NYSE: NTST) is Long Pond Capital, with 2.71 million shares worth $50.09 million. This represented 1.71% of the investment portfolio of Long Pond Capital.