In this article, we discuss 5 value stocks with high dividend yields. If you want to check out more stocks in this list, see 10 Value Stocks with High Dividend Yields.
5. Dynex Capital, Inc. (NYSE:DX)
Dividend Yield as of May 11: 9.60%
P/E Ratio as of May 11: 6.90
Number of Hedge Fund Holders: 4
Dynex Capital, Inc. (NYSE:DX) is a Virginia-based mortgage real estate investment trust that deals in leveraged mortgage-backed securities in the United States. Most of Dynex Capital, Inc. (NYSE:DX)’s securities are sponsored by US government agencies or entities like Fannie Mae and Freddie Mac.
On April 12, Dynex Capital, Inc. (NYSE:DX) declared a $0.13 per share monthly dividend, in line with previous. The dividend was distributed on May 2, to shareholders of the company as of April 22. Dynex Capital, Inc. (NYSE:DX)’s dividend yield on May 11 stood at 9.60%.
JonesTrading analyst Jason Stewart on April 28 reiterated a Buy recommendation on Dynex Capital, Inc. (NYSE:DX) but lowered the firm’s price target on the shares to $19 from $20. The company’s Q1 book value was “strong” and its leverage will keep on increasing through 2022 as it deploys “dry powder into a wider spread environment”, the analyst told investors in a research note. He cut the price target on Dynex Capital, Inc. (NYSE:DX) shares to account for the “high degree of macro uncertainty”, but said that it still represents a 40% total return opportunity.
Billionaire Ken Griffin’s Citadel Investment Group is the largest shareholder of Dynex Capital, Inc. (NYSE:DX) as of Q4 2021, with 86,657 shares worth $1.4 million. Overall, 4 hedge funds placed long bets on the stock at the end of the December quarter.
4. Arbor Realty Trust, Inc. (NYSE:ABR)
Dividend Yield as of May 11: 9.12%
P/E Ratio as of May 11: 8.33
Number of Hedge Fund Holders: 13
Arbor Realty Trust, Inc. (NYSE:ABR), a New York-based real estate investment trust, offers a dividend yield of 9.12%, with a price to earnings ratio of 8.33, which merits its inclusion in our list of high yielding value stocks. Arbor Realty Trust, Inc. (NYSE:ABR) has a portfolio of assets in the American multi-family, single-family rental, and commercial real estate markets.
On May 6, Arbor Realty Trust, Inc. (NYSE:ABR) posted its Q1 results, announcing earnings per share of $0.55, beating market estimates by $0.10. The first quarter revenue climbed 71.85% on a year-over-year basis to $84.14 million, topping analysts’ predictions by $17,200.
Arbor Realty Trust, Inc. (NYSE:ABR) declared on May 6 a $0.38 per share quarterly dividend, a 2.7% increase from its last dividend of $0.37. The dividend is payable on May 31, to shareholders of record on May 20.
Piper Sandler analyst Crispin Love initiated coverage of Arbor Realty Trust, Inc. (NYSE:ABR) on April 25 with an Overweight rating and a $20 price target. The analyst likes the company’s “diversified” revenue model, industry tailwinds in the multifamily bridge space, and “attractive valuation using a sum of the parts analysis”. He sees the recent share weakness amid macro volatility as a buying opportunity for investors.
According to the fourth quarter database of Insider Monkey, Arbor Realty Trust, Inc. (NYSE:ABR) was found in the public stock portfolios of 13 hedge funds, with combined stakes amounting to $99.3 million. Billionaire Leon Cooperman’s Omega Advisors is a significant stakeholder of the company, with 2.3 million shares worth close to $43 million.
3. American Eagle Outfitters, Inc. (NYSE:AEO)
Dividend Yield as of May 11: 5.33%
P/E Ratio as of May 11: 6.64
Number of Hedge Fund Holders: 31
American Eagle Outfitters, Inc. (NYSE:AEO) is a Pennsylvania-based retailer of clothing, accessories, and personal care products for men and women. With a P/E ratio of 6.64, American Eagle Outfitters, Inc. (NYSE:AEO) is a significant value stock to consider, offering a dividend yield of 5.33% as of May 11. The company declared a $0.18 per share dividend on March 2, which was distributed on March 24. American Eagle Outfitters, Inc. (NYSE:AEO) pays shareholders on a quarterly basis.
On April 11, JPMorgan analyst Matthew Boss assigned an Overweight rating to American Eagle Outfitters, Inc. (NYSE:AEO) but lowered the price target on the stock to $29 from $32 after the firm’s annual Retail Round-Up. The key takeaway from the event was “consumer resilience to date”, with management teams widely citing Q1 topline trends as planned despite headwinds. The analyst told investors that retail inventory levels were “healthy”, and the promotional backdrop was described as “rational”.
According to Insider Monkey’s database, 31 hedge funds were bullish on American Eagle Outfitters, Inc. (NYSE:AEO) at the end of Q4 2021, up from 24 funds in the earlier quarter. Select Equity Group held the leading position in the company, with 21.5 million shares worth $546.75 million.
2. Alliance Resource Partners, L.P. (NASDAQ:ARLP)
Dividend Yield as of May 11: 7.69%
P/E Ratio as of May 11: 12.55
Number of Hedge Fund Holders: 5
Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an Oklahoma-based natural resource company, operating via four business divisions – Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. Noble Capital analyst Mark Reichman initiated coverage of Alliance Resource Partners, L.P. (NASDAQ:ARLP) on March 30 with an Outperform rating and a $22 price target.
Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s dividend yield on May 11 stood at 7.69%. On April 26, Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a $0.35 per share quarterly dividend, a 40% increase from its previous dividend of $0.25. The dividend is distributable on May 13, to shareholders of record on May 6.
According to Insider Monkey’s Q4 data, 5 hedge funds were bullish on Alliance Resource Partners, L.P. (NASDAQ:ARLP), with collective stakes worth $79 million, compared to 6 funds in the earlier quarter, holding stakes in the company valued at $72.5 million. Adam Peterson’s Magnolia Capital Fund held the largest position in Alliance Resource Partners, L.P. (NASDAQ:ARLP), with 4.95 million shares worth $62.5 million.
1. City Office REIT, Inc. (NYSE:CIO)
Dividend Yield as of May 11: 6.06%
P/E Ratio as of May 11: 1.29
Number of Hedge Fund Holders: 14
City Office REIT, Inc. (NYSE:CIO) is an internally managed real estate investment trust that invests primarily in high-quality office properties located in the Southern and Western United States. City Office REIT, Inc. (NYSE:CIO) delivers a dividend yield of 6.06% as of May 11. City Office REIT, Inc. (NYSE:CIO) declared on March 15 a $0.20 per share quarterly dividend, which was distributed to shareholders on April 22.
On May 5, City Office REIT, Inc. (NYSE:CIO) reported its Q1 results, posting an FFO per share of $0.40, beating estimates by $0.01. The revenue of $44.9 million grew 13.6% year-over-year, surpassing market consensus by $1.64 million.
Riley analyst Craig Kucera on May 9 maintained a Buy recommendation on City Office REIT, Inc. (NYSE:CIO) but lowered the firm’s price target on the stock to $20 from $22 following the Q1 results. The analyst cited the significant decline in office real estate investment trust multiples for the target drop.
According to Insider Monkey’s Q4 data, City Office REIT, Inc. (NYSE:CIO) was found in the public stock portfolios of 14 hedge funds, with combined stakes of about $70 million. Jim Simons’ Renaissance Technologies held the leading stake in the company, worth $31.70 million.
You can also take a look at 10 High Yield Monthly Dividend Stocks and 10 Best Dividend Aristocrats to Buy for 2022.
