In this article, we discuss the 5 best dividend stocks in Gillson Capital’s 13F portfolio. If you want to read our detailed analysis of Daniel Johnson’s hedge fund, go directly to read Gillson Capital Stock Portfolio: 10 Best Dividend Stocks.
5. Blackstone Inc. (NYSE:BX)
Number of Hedge Fund Holders: 62
Dividend Yield as of February 17: 3.98%
Gillson Capital’s Stake Value: $17,482,000
Blackstone Inc. (NYSE:BX) is an American alternative investment management company. In Q4 2021, Gillson Capital held a stake worth over $17.4 million in the company, which accounted for 1.3% of its portfolio.
On January 27, Blackstone Inc. (NYSE:BX) announced a quarterly dividend of $1.45 per share, up 33% from its previous dividend. The stock’s current dividend yield stands at 3.98%. Blackstone Inc. (NYSE:BX) cut its dividend in the past year but its 3-year CAGR stands at 14%, outstripping the financial sector in dividend growth. This December, appreciating the company’s retail strategies, BofA initiated its coverage on Blackstone Inc. (NYSE:BX) with a Buy rating and a $183 price target.
By the end of Q4 2021, 62 hedge funds tracked by Insider Monkey held stakes in Blackstone Inc. (NYSE:BX), up from 54 in the previous quarter. The consolidated value of these stakes is roughly $3.2 billion.
ClearBridge Investments mentioned Blackstone Inc. (NYSE:BX) in its Q3 2021 investor letter. Here is what the firm has to say:
“During the quarter we continued to trim Blackstone as the stock made new highs. We remain enthusiastic about the company’s prospects and continue to be large shareholders, but the riskreward at current levels is balanced and we sought to manage the overall position size within the portfolio.”
4. Moelis & Company (NYSE:MC)
Number of Hedge Fund Holders: 26
Dividend Yield as of February 17: 4.71%
Gillson Capital’s Stake Value: $14,757,000
Moelis & Company (NYSE:MC) is an American financial services company that provides advisory services to government and financial sponsors. In Q4 2021, Gillson Capital increased its position in the company significantly by 128% to $14.8 million worth of stakes. Moelis & Company (NYSE:MC) accounted for 0.96% of Daniel Johnson’s portfolio.
At the end of Q4 2021, 26 hedge funds tracked by Insider Monkey reported owning stakes in Moelis & Company (NYSE:MC), worth roughly $200 million. In comparison, 25 hedge funds held stakes in the company in the previous quarter, valued at $147.3 million. William Heard’s Heard Capital held a stake worth over $37.4 million in the company, becoming its largest shareholder in Q4.
On October 27, Moelis & Company (NYSE:MC) announced a quarterly dividend of $0.60 per share, with a special dividend of $2.50 per share. The stock’s dividend yield stands at 4.71%. Moelis & Company (NYSE:MC) has been paying dividends to the shareholders for the past six years. In February, Piper Sandler set a $70 price target on the stock, while upgrading the shares to Overweight.
3. Spirit Realty Capital, Inc. (NYSE:SRC)
Number of Hedge Fund Holders: 24
Dividend Yield as of February 17: 5.41%
Gillson Capital’s Stake Value: $14,186,000
A Dallas-based real estate investment trust, Spirit Realty Capital, Inc. (NYSE:SRC) currently pays a quarterly dividend of $0.638 per share, which the company increased by 2% in 2021. The stock’s dividend yield stands at 5.41%.
In Q4 2021, Gillson Capital held a stake worth over $14 million in Spirit Realty Capital, Inc. (NYSE:SRC), after increasing its position in the company by 13%. The company represented 0.92% of Daniel Johnson’s portfolio. As the real estate sector outperformed the S&P 500 in 2021, Mizuho lifted its price target on Spirit Realty Capital, Inc. (NYSE:SRC) to $49, while maintaining a Neutral rating on the shares.
By the end of Q4 2021, 24 hedge funds tracked by Insider Monkey held a $343.7 million worth of stake in Spirit Realty Capital, Inc. (NYSE:SRC). In the previous quarter, 23 hedge funds held positions in the company.
2. W. P. Carey Inc. (NYSE:WPC)
Number of Hedge Fund Holders: 20
Dividend Yield as of February 17: 5.54%
Gillson Capital’s Stake Value: $14,140,000
In January, BofA upgraded W. P. Carey Inc. (NYSE:WPC), an American real estate investment trust, to Neutral, as the sector is offering higher dividend yields and presenting earnings growth after the pandemic.
In December 2021, W. P. Carey Inc. (NYSE:WPC) announced a quarterly dividend of $1.055 per share, up 0.3% from the previous dividend. The stock’s current dividend yield stands at 5.54%. Moreover, W. P. Carey Inc. (NYSE:WPC)’s 10-year dividend CAGR stands at 7.01%, which is lauded by analysts. In Q4 2021, the company represented 0.92% of Daniel Johnson’s portfolio, as his hedge fund increased its stake in the company by 7%. Gillson Capital held shares worth over $14.1 million in W. P. Carey Inc. (NYSE:WPC).
Of the 927 hedge funds tracked by Insider Monkey in the fourth quarter, 20 hedge funds held stakes in W. P. Carey Inc. (NYSE:WPC), worth $131.5 million. In comparison, 24 hedge funds held shares in the company in the previous quarter, worth $142.7 million. Among these hedge funds, Renaissance Technologies was one of the company’s major shareholders in Q4, holding shares worth over $26 million.
1. New York Community Bancorp, Inc. (NYSE:NYCB)
Number of Hedge Fund Holders: 30
Dividend Yield as of February 17: 5.81%
Gillson Capital’s Stake Value: $32,408,000
In Q4 2021, 30 hedge funds in Insider Monkey’s database held stakes in New York Community Bancorp, Inc. (NYSE:NYCB), an American commercial bank. These stakes hold a consolidated value of roughly $456 million. Kahn Brothers was one of the company’s leading shareholders in Q4, with shares worth nearly $60 million.
New York Community Bancorp, Inc. (NYSE:NYCB) has not increased its dividend since 2016 and currently pays a quarterly dividend of $0.17 per share. The stock’s dividend yield stands at 5.81%.
Gillson Capital started investing in New York Community Bancorp, Inc. (NYSE:NYCB) during the fourth quarter of 2020 and has increased its stake over time. In Q4 2021, the company was the seventh-largest holding of the hedge fund and represented 2.11% of Daniel Johnson’s portfolio.
You can also take a look at 10 Best Dividend Stocks According to George Soros and 10 Best Telecom Dividend Stocks to Buy Now
