5 Dividend Stocks to Buy According to Stuart Zimmer’s Zimmer Partners

In this article, we discuss 5 dividend stocks to buy according to Stuart Zimmer’s Zimmer Partners. If you want to read our detailed analysis of Zimmer’s history and hedge fund performance, go directly to 10 Dividend Stocks to Buy According to Stuart Zimmer’s Zimmer Partners.

5. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Zimmer Partners’ Stake Value: $133,815,000
Percentage of Zimmer Partners’ 13F Portfolio: 1.99%
Number of Hedge Fund Holders: 39
Dividend Yield: 5.83%

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is in the business of buying, financing, and holding real estate that will be leased to gaming companies under triple-net leasing agreements. On February 2, Deutsche Bank analyst Carlo Santarelli boosted his price objective on Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to $58 from $56 and reiterated a ‘Buy’ rating on the shares.

The stock is a new arrival in Stuart Zimmer’s portfolio, as his hedge fund bought about 2.75 million shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during Q4, worth $133.82 million at the end of 2021. Gates Capital Management is the most significant stakeholder of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), with 2.96 million shares worth $144.09 million.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a quarterly dividend of $0.69 per share on February 24, up 3% from the previous distribution of $0.67. In the fourth quarter of 2021, 39 hedge funds in the database of Insider Monkey held stakes worth $821.78 million in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), up from 29 during the preceding quarter, which were worth $517.29 million.