In this article we will be taking a look at the 5 high dividend stocks with over 8% Yield. If you wish to see our detailed analysis of dividend investing, go directly to the 10 High Dividend Stocks With Over 8% Yield.
5. PennyMac Mortgage Investment Trust (NYSE:PMT)
Number of Hedge Fund Holders: 11
Dividend Yield as of October 20: 9.30%
PennyMac Mortgage Investment Trust (NYSE:PMT) is a finance company that invests in residential mortgage loans and mortgage-related assets. The company ranks fifth on the list of the 10 high dividend stocks with over 8% yield.
On September 9, B. Riley analyst Matt Howlett initiated coverage of PennyMac Mortgage Investment Trust (NYSE:PMT) with a Buy rating and $23 price target on its shares, noting that the company has one of the best risk/reward profiles in the mortgage real estate investment trust space.
By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in PennyMac Mortgage Investment Trust (NYSE: PMT) worth roughly $10.4 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $16 million. Ken Griffin of Citadel Investment Group is among the leading shareholders of the company.
4. BlackRock Capital Investment Corporation (NASDAQ:BKCC)
Number of Hedge Fund Holders: 10
Dividend Yield as of October 20: 9.43%
BlackRock Capital Investment Corporation (NASDAQ:BKCC) is a New York-based business development company that specializes in investing in middle-market companies. The firm comes in at fourth on our list of the 10 high dividend stocks.
Of the 873 elite funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in BlackRock Capital Investment Corporation (NASDAQ:BKCC). At the end of the second quarter of 2021, 10 hedge funds held stakes in the company, up from 6 hedge funds in the previous quarter.
3. Ellington Financial Inc. (NYSE:EFC)
Number of Hedge Fund Holders: 7
Dividend Yield as of October 20: 9.76%
Ellington Financial Inc. (NYSE: EFC) is a mortgage real estate investment trust that manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company ranks third on our list of the 10 high dividend stocks with over 8% yield.
Investment advisory BTIG is bullish on Ellington Financial Inc. (NYSE: EFC), holding a Buy rating on the company. The firm also raised its price target on the stock to $19.
By the end of the second quarter of 2021, 7 hedge funds out of the 873 tracked by Insider Monkey held stakes in Ellington Financial Inc. (NYSE:EFC) worth roughly $45 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $39 million.
Out of the hedge funds being tracked by Insider Monkey, Leon Cooperman’s Omega Advisors is among the biggest shareholders in the company, with 850,887 shares worth more than $16.29 million.
2. Annaly Capital Management, Inc. (NYSE:NLY)
Number of Hedge Fund Holders: 19
Dividend Yield as of October 20: 10.08%
Annaly Capital Management, Inc. (NYSE:NLY), is a diversified capital management and real estate investment trust (REIT) that invests in residential and commercial assets. The company ranks 2nd on our list of the 10 high dividend stocks with over 8% yield.
Earlier this October, Piper Sandler analyst Kevin Barker kept a Neutral rating on Annaly Capital Management, Inc. (NYSE:NLY) alongside a price target of $8.50.
According to our database, Jim Simons’ Renaissance Technologies is one of the biggest shareholders in Annaly Capital Management, Inc. (NYSE:NLY). By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in Annaly Capital Management, Inc. (NYSE: NLY) worth roughly $98.2 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $140 million.
1. Two Harbors Investment Corp. (NYSE:TWO)
Number of Hedge Fund Holders: 30
Dividend Yield as of October 20: 10.09%
Two Harbors Investment Corp. (NYSE:TWO) a real estate investment trust (REIT), comes in at first on our list of the 10 high dividend stocks with over 8% yield. The company focuses on investing and managing residential mortgage-backed securities and other financial assets.
As of Q2 2021, 30 hedge funds tracked by Insider Monkey have positions in Two Harbors Investment Corp. (NYSE:TWO), compared with 32 in the previous quarter. These stakes are valued at $160.7 million. New York-based investment firm Two Sigma Advisors is one of the leading shareholders in the company, with over 4.4 million shares worth approximately $33.3 million.
Investment advisory Credit Suisse remains bullish on Two Harbors Investment Corp. (NYSE:TWO), maintaining a Neutral rating on shares of the company alongside a $7.50 price target.
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