In this article, we discuss the 5 blue chip dividend stocks with over 8% yield. If you want to read our detailed analysis of these stocks, go directly to the 10 Blue Chip Dividend Stocks with Over 8% Yield.
5. New Residential Investment Corp. (NYSE:NRZ)
Number of Hedge Fund Holders: 16
Forward Dividend Yield: 8.94%
New Residential Investment Corp. (NYSE:NRZ) is a real estate investment trust that focuses on residential assets. In earnings results for the fourth quarter, posted on November 2, it beat market estimates on earnings per share and revenue by $0.09 and $247 million respectively.
Barclays analyst Mark DeVries recently reinstated coverage of New Residential Investment Corp. (NYSE:NRZ) stock with an Overweight rating and a price target of $13. In an investor note, the analyst appreciated acquisitions of the firm that would help with market exposure.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in New Residential Investment Corp. (NYSE:NRZ) with 2.9 million shares worth more than $32 million.