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Tip Ranks

2 “Strong Buy” shares with a dividend yield of at least 7%

Are we seeing signs of danger in the markets? At first glance, it doesn’t seem like it. The S&P 500 is just below its all-time high, as is the Dow Jones average. The big tech giants – Amazon, Apple, Alphabet, Facebook and Microsoft – all posted great results in their recent earnings reports. And yet they lead the declines in the NASDAQ. According to Morgan Stanley stock strategist Michael Wilson, we’re going to take a cursory ride, at least in the short term. “With the S&P 500 making new highs every day, few seem to be concerned … instead of getting excited about reopening, we’re more concerned about execution risk and what’s already priced in,” noted Wilson . “Whatever correction the market experiences this year, we will likely hit higher highs next year. The goal as an investor is to navigate the … next leg. ”So let’s take this advice and look for ways to protect the portfolio in the short term while at the same time taking a position for the longer term. That’s a strategy that naturally draws investors to dividend stocks, the classic defensive game. We used the TipRanks database to pull up two dividend players who combine a Wall Street Strong Buy sentiment with a return of at least 7%. Let’s take a closer look. New Residential Investment (NRZ) We are starting with a Real Estate Investment Trust (REIT) as these companies have a reputation as solid dividend payers. That is, in part, an artifact of their position on tax regulation; they are required to pay back a certain percentage of the profits directly to shareholders, and the dividend is often a useful tool for meeting requirements. Investments in new homes are typical of its industry, with an investment portfolio of $ 6 billion, of which just over half consists of mortgage rights. In its recent 1Q21 financial release, New Residential posted net income of $ 301 million, up from $ 101 million at the end of the fourth quarter. The company declared a quarterly dividend of 20 cents per share; payments totaled $ 82.9 million. At the stated rate, the annual dividend is calculated at 80 cents per ordinary share, for a yield of 7.5%. This compares favorably with the ~ 2% return found in S&P listed companies. NRZ stock is up 77% in the past 12 months, while the company has transitioned from net losses at the height of the corona crisis to profitability in the past four quarters. To take advantage of the stock’s rise and to raise additional capital, the company announced a public offering of shares in April. The sale generated gross proceeds of $ 522.4 million on 51.7 million shares sold. The money raised was used to acquire Caliber Home Loans, with plans to integrate the acquisition into NRZ’s full mortgage lending service. The transaction is expected to close in the third quarter of this year. Analyst Eric Hagen writes about the stock for BTIG: “[We] think the company has the capital to acquire in bulk sales transactions as some originators may try to unload less capitalized MSRs if production volume slows down more meaningfully. It confirmed that the $ 500 million in capital raised in connection with the Caliber deal was about $ 0.15 dilutive to NAV, so the accounting amount is about $ 11.20. The stock is less than 0.93x accounting and about 6.5x expected earnings, assuming a ROTCE of 15%. Hagen rates NRZ a buy and his $ 13 price target implies a 25% rise for the coming year. (To view Hagen’s track record, click here) Hagen is not an outlier in his optimistic view. Analysts’ comments on this stock are recommending 9 to buy it, at a single hold. The $ 12.69 average price target is almost as optimistic as Hagen’s, suggesting a ~ 22% rise from the current one. trading price of $ 10.38. (See NRZ stock analysis on TipRanks) Enterprise Products Partners (EPD) We are now switching to an energy company. Specifically, a midstream company. Enterprise Products Partners manages more than 50,000 miles of pipeline, along with facilities which can store 160 million barrels of oil and 14 billion cubic feet of natural gas In addition, Enterprise has shipping terminals in the state of Texas, on the Gulf Coast. ar fuel, which in turn increased fuel flow through Enterprise’s system. The company’s financial situation has recovered since the second half of last year, and the recent 1Q21 report showed $ 9.1 billion at the top line, its best result in the past two years. Earnings per share came in at 61 cents per share, stable year-on-year but higher than in the past three quarters. Enterprise declared a second quarter dividend of 45 cents per common share, the second straight quarter at this level. The current payment is backed by $ 1.7 billion in distributable cash flow from the company. The annual payment of $ 1.80 per common share gives a return of 7.7%. Among the bulls is Raymond James analyst Justin Jenkins, who sets a Strong Buy rating for EPD stock, along with a price target of $ 26. (To view Jenkins’ track record, click here) Jenkins supports his stance, writing: “While Enterprise (EPD) is not immune to challenges in the energy industry, the asset base continues to show resilience in the difficult environment. Looking ahead, EPD’s unique combination of integration, balance strength and ROIC track record remains best in class in our view. We consider EPD to be arguably best positioned to withstand the volatile landscape … This is an attractive opportunity to own one of the best positioned MLPs … Strong buy consensus rating, backed by 8 buying recommendations. The $ 28.75 average price target is more bullish than Jenkins’s and suggests 24% growth potential for a year for EPD. (See EPD’s Stock Analysis on TipRanks) To find great ideas for dividend stocks trading at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a recently launched tool that brings together all of TipRanks’ insights into stocks. Disclaimer: The opinions expressed in this article are solely those of the recommended analysts. The content is provided for informational purposes only. It is very important to conduct your own analysis before making an investment.

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