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3 big dividend yields exceed 7%; JMP says “buy”

As the market has shown turbulent trends in recent trading days-one day down, the next day down-some Wall Street analysts have shown new interest in high-yield dividends. It’s not that they have avoided these stable sources of income; on the contrary, the market boom last summer caused Wall Street to use stock appreciation as a source of profit. Since the beginning of September, the market has been volatile and analysts and investors have been paying close attention to defensive stocks. Research analysts at JMP Securities have been looking for the “right” buy in the market, and their choices are one step closer. They have been choosing reliable, high-yielding dividend payers as investment options. The TipRanks database further revealed three selected stocks of JMP-stocks with a dividend yield of 7% or higher-which investment companies believe have upside potential of 20% or higher. The name on the Annaly Capital Management (NLY) JMP list is Annaly Capital Management. The company lives in a secured niche market backed by mortgage loans, with total assets of US$104 billion, mainly mortgage securities backed by Freddie Mac and Fannie Mae. Annaly is one of the largest REITs on the market. As the economic downturn in the first quarter made it difficult for loan holders to pay, Annaly suffered a corona crisis. However, as the economy rebounded in the second quarter, Annaly’s fate was reversed, and the huge losses in the first quarter turned into moderate gains. Revenue in the second quarter was $979 million, and earnings per share were 27 cents, exceeding expectations of 23 cents. Looking ahead, the forecast is 26 cents per share for the third quarter. It is worth noting that Annaly has exceeded the expected earnings in each of the past three quarters. In terms of dividends, Annaly has been a reliable dividend payer in the past few years and has been adjusting payments to maintain sustainable development. The current dividend is 22 cents per common share, which was paid at the end of September; at this rate, the yield is 12.27%. In an era when the Fed’s interest rate is close to zero, NLY’s dividend yield is very high. JMP analyst Steven DeLaney was impressed by NLY. The five-star analyst pointed out: ” [second] Quarterly and GBP book value gains-the company’s best quarterly earnings since the 2008-09 Great Depression […] According to the company’s size, scale and current internal management structure, we believe that NLY’s stock should have a meaningful premium over its peers. “DeLaney rated the stock as “outperforming” (ie, “buy”) and set its target price at $8.50. From the current level, there is a 20% upside potential (see DeLaney’s history For the record, please click here) Overall, 8 analysts recently commented on NLY stock, dividing it into 5 buys and 3 holds, making the stock’s analyst consensus rating a medium average target price $8.04, which means that the current transaction price of $7.10 has a growth potential of 13% (see NLY stock analysis on TipRanks) StoneCastle Financial (BANX) Next, StoneCastle is a managed investment company whose portfolio includes access to alternative capital Securities and community bank, the company focuses its investment activities on capital preservation and current income generation, and is committed to returning profits to shareholders. Total assets exceed 133 million US dollars, of which 32% are credit securitization, 26% are debt securities, 15 % Are term loans. In the second quarter, BANX’s net investment income exceeded US$2.6 million, or 41 cents per share. As of the end of the quarter, the company’s net asset value rose to US$20.27 per share. By September 30, the The figure is $20.93. BANX paid a quarterly dividend of 38 cents in the second quarter, which has been reliably maintained by the company for the past three years (up slightly in December 2018). Annual dividend of $1.52 The yield is as high as 8%. Five-star analyst Devin Ryan paid JMP for this stock, and he liked what he saw. “During this period, the company invested $36 million. [second] A quarter, including some higher yields and more attractive securities, which promoted the chain growth of net investment income. Given the strong quarterly investment, especially the attractive yielding securities, net investment income increased steadily in the 20th quarter. Looking ahead, given the strong deployment prospects in 2H20, we believe that net investment income may continue to rise…BANX’s earnings will far exceed its current quarterly dividend of $0.38, and we believe that this will continue to be the case. In the next few quarters,” Ryan said. Ryan’s is the only recent comment on the stock in history, and its current price is $18.15. He set BANX’s stock rating as “outperform” (ie, ” “Buy”) with a target price of $22, which indicates that the stock may rise by 21% in the next 12 months. (To view Ryan’s track record, click here) BRT Realty Trust (BRT) is the last but not the most Not important is the BRT Realty Trust, a real estate investment trust focused on multi-family real estate. The company acquires, owns and manages apartment houses and currently has a portfolio of 39 properties in 11 states, totaling more than 11,000 individual properties Apartment. The company has been severely injured by the ongoing corona crisis and reported a net loss of 25 cents per share in the second quarter of this year. At the same time, BRT did manage to collect 98% of the rent in the second quarter, and the average occupancy rate remained Above 93%. This is a good sign for the company because it does not have to carry and maintain empty or unpaid units. The positive significance of BRT is also that it maintains dividend payments. The company has been gradually gradual in the past three years Increase the quarterly dividend, the current dividend per common stock is 22 cents, the annualized dividend is 88 cents, and the yield is 7.1%. This is more than three times the average yield of S&P listed companies, and it is also paid by BRT in the financial sector. The dividend is more than twice that of its peers. JMP’s Aaron Hecht believes that BRT has a solid position in its niche market. He wrote: “The price is lower compared to its counterparts in the high-density city market. The BRT product portfolio is in the Sunbelt market. The above products have generated considerable revenue. The rent for renewal leases increased by an average of 2.2%, and the rent for new leases increased by an average of 0.2%. At the same time, minimum concessions were given. Compared with the second quarter of 20 years, interest rate growth and occupancy rates in July 2020 and August 2020 are similar. (To view Hecht’s track record, click here.) In general, the BRT’s rating is “moderate buy”, which is in line with the average split between “buy” and “hold” reviews. The stock is priced at $12.56, with an average price target of $13.25, suggesting that the stock will rise slightly by 5%. (See BRT stock analysis on TipRanks) For great ideas to find attractively valued dividend stocks, please visit TipRanks’ Best Buys to Buy, a newly launched tool that combines all TipRanks stock insights Together. Limited to those analysts with characteristics. The content is for reference only. Before making any investment, it is very important to conduct your own analysis.