Billionaire Paul Singer’s 5 Dividend Stock Picks

3. Healthcare Trust of America, Inc. (NYSE:HTA)

Number of Hedge Fund Holders: 14
Dividend Yield as of February 15: 4.23%
Elliott Management’s Stake Value: $98,620,000

An American real estate investment trust, Healthcare Trust of America, Inc. (NYSE:HTA) increased its quarterly dividend by 1.6% in November 2021. Currently, the company pays a quarterly dividend of $0.325 per share, with a dividend yield of 4.23%. Healthcare Trust of America, Inc. (NYSE:HTA) has increased its dividend consecutively for the past eight years and has a dividend payout ratio of 89%.

Healthcare Trust of America, Inc. (NYSE:HTA) was the latest holding of Elliott Management in Q3 and represented 0.7% of Paul Singer’s portfolio. The hedge fund held shares worth over $98.6 million in the company. In February, Credit Suisse mentioned the company’s expected earnings growth. The firm initiated its coverage on Healthcare Trust of America, Inc. (NYSE:HTA) with an Outperform rating.

At the end of Q3 2021, 14 hedge funds tracked by Insider Monkey reported owning stakes in Healthcare Trust of America, Inc. (NYSE:HTA), down significantly from 23 in the previous quarter. The total value of these stakes is over $381.7 million, up from $226.4 million in Q2.