In this article, we will be taking a look at 5 monthly dividend stocks to buy in December. To read our detailed analysis of dividend investing, you can go directly to see the 10 Monthly Dividend Stocks to Buy in December.
5. Choice Properties Real Estate Investment Trust (OTC:PPRQF)
Number of Hedge Fund Holders: N/A
Dividend Yield: 5.2%
Choice Properties Real Estate Investment Trust (OTC:PPRQF) is a real estate investment trust based in Toronto, Canada. The company is in unincorporated, open-ended REIT and the largest of its kind in Canada, making it among the top monthly dividend stocks to buy in December.
This November, RBC Capital’s Dammi Bir reiterated a Sector Perform rating on shares of Choice Properties Real Estate Investment Trust (OTC:PPRQF).
In the third quarter of 2021, Choice Properties Real Estate Investment Trust (OTC:PPRQF) had an FFO of $0.19.
4. SL Green Realty Corp (NYSE:SLG)
Number of Hedge Fund Holders: 17
Dividend Yield: 5.24%
SL Green Realty Corp (NYSE:SLG) is an S&P 500 real estate investment trust. The company is Manhattan’s largest office landlord and acquires Manhattan commercial properties. It has raised its dividend for 10 years.
In September, BofA upgraded shares of SL Green Realty Corp (NYSE:SLG) from Underperform to Neutral.
In the third quarter, SL Green Realty Corp (NYSE:SLG) had an FFO of $1.78, beating estimates by $0.20. The company’s revenue was $155.36 million. SL Green Realty Corp (NYSE:SLG) has also gained 24% year to date.
According to our data, 17 hedge funds held stakes in SL Green Realty Corp (NYSE:SLG) in the third quarter, worth $170 million. In comparison, 21 hedge funds held stakes in the company in the second quarter, worth $144 million.
3. Main Street Capital Corporation (NYSE:MAIN)
Number of Hedge Fund Holders: 5
Dividend Yield: 5.7%
Main Street Capital Corporation (NYSE:MAIN) is a private equity firm. It focuses on equity capital to lower middle market companies and also provides debt capital to middle market companies for acquisitions, management buyouts, recapitalization, refinancing, and growth financings.
As of this November, Truist analyst Michael Ramirez has a Hold rating on shares of Main Street Capital Corporation (NYSE:MAIN) alongside a price target of $43.
The company’s third quarter reports show an NII of $0.71, beating estimates by $0.09. The revenue was $76.78 million, up 47.78% year over year and beating estimates by $8.82 million.
2. Pembina Pipeline Corp (NYSE:PBA)
Number of Hedge Fund Holders: 8
Dividend Yield: 6.4%
Pembina Pipeline Corp (NYSE:PBA) is an energy company offering transportation and midstream services to the energy industry. It operates through its Pipelines, Facilities, and Marketing & New Ventures segments. The company has raised its dividend for six years.
JPMorgan’s Jeremy Tonet reinstated Pembina Pipeline Corp (NYSE:PBA) this November with a Neutral rating.
For the third quarter, Pembina Pipeline Corp (NYSE:PBA) had an EPS of $0.53, beating estimates by $0.01. The company’s revenue was $1.72 billion, up 43.45% year over year and beating estimates by $218.91 million.
Eight hedge funds held stakes in Main Street Capital Corporation (NYSE:MAIN) in the third quarter. The total stake value was $62.6 million. In the second quarter, 15 hedge funds held stakes in the company worth $116 million.
1. Broadmark Realty Capital Inc. (NYSE:BRMK)
Number of Hedge Fund Holders: 11
Dividend Yield: 9%
Broadmark Realty Capital Inc. (NYSE:BRMK) is another real estate investment trust on our list. The company underwrites, funds, services, and manages a portfolio of short-term and first deed of trust loans. It funds the construction of and investment in residential or commercial properties in the US.
The earnings report for the third quarter for Broadmark Realty Capital Inc. (NYSE:BRMK) shows an FFO of $0.16. The company’s revenue was $30.59 million, up 5.56% year over year.
The number of hedge funds holding stakes in Broadmark Realty Capital Inc. (NYSE:BRMK) in the third quarter was 11. The total stake value was $71.5 million.
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