5 Stocks That Raised Their Dividend in 2021

4. National Retail Properties, Inc. (NYSE: NNN)

Number of Hedge Fund Holders: 19
Dividend Yield: 4.7%

National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, invests in high-quality retail properties subject to long-term, net leases. As of September 2020, the company owned and operated about 3,114 properties in 48 states with a gross leasable area of about 32.4 million square feet. It ranks 4th on our list of dividend stocks that raised their dividend in 2021.

Wells Fargo holds a raised price target of $50 on shares of National Retail Properties, Inc. (NYSE: NNN) as of this July, compared to its previous price target of $44. The firm also reiterated an Equal Weight rating on the stock at the same time.

In the second quarter of 2021, National Retail Properties, Inc. (NYSE: NNN) had an FFO of $0.70, beating estimates by $0.02. The company’s revenue was $179.01 million, up 9.35% year over year and beating estimates by $2.01 million. National Retail Properties, Inc. (NYSE: NNN) has gained 5.38% in the past 6 months and 14.99% year to date.

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in National Retail Properties, Inc. (NYSE: NNN) worth roughly $188 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $289 million.