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Stocks with Dividend Yields Above 10%

The following table displays stocks with a high dividend yield of 10% or more.  These stocks are rated bullish or very bullish by their equity summary scores.  The complete list includes PZN, CXS, NYMT, ANH, DX, PMT, ARI, and NCT.  The top 3 yielding stocks are profiled below.

Pzena Investment Management, Inc. (PZN) is a publicly owned investment manager. It provides its services to individuals, typically high net worth individuals, investment companies, charitable organizations, corporations, state or municipal government entities, pension and profit sharing plans, and pooled investment vehicles. The firm launches and manages equity mutual funds and manages balanced mutual fund for its clients. The firm invests in the public equity markets across the globe. The firm employs fundamental analysis while making its investments. Pzena Investment Management, Inc. was founded in 1995 and is based in New York City.  PZN is trading at $4.96 with a dividend yield of 15.3%.   On February 8, 2012 PZN approved a
dividend of 0.19 per share payable on March 2, 2012.

On 02/08/12, the company announced quarterly earnings of 0.08 per share, a positive surprise of 11.1% above the consensus 0.07.  Over the past 4 quarters, the company has reported 3 positive (>2%), 0 negative (<-2%), and 1 in-line (within 2%) surprises.  The average surprise for this time period has been 4.7%.  PZN’s current quarter consensus estimate has increased over the past 90 days from 0.07 to 0.08, a gain of 17.1%.  This improvement is significantly greater than its Industry average of 0.0% during the same time period.  Over the past 90 days, the consensus price target for PZN has increased notably from 4.31 to 5.25, a gain of 21.8%.

CreXus Investment Corp. (CXS) is specialty finance company, which acquires, manages, and finances, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities (CMBS), and other commercial real estate-related assets. It also acquires subordinated commercial mortgage loans and mezzanine loans.  CXS is trading at $10.98 with a 13% yield.

On 02/23/12, the company announced quarterly earnings of 0.55 per share, a positive surprise of 63.2% above the consensus 0.34.  Over the past 4 quarters, the company has reported 3 positive (>2%), 1 negative(<-2%), and 0 in-line (within 2%) surprises.  The average surprise for this time period has been 26.2%.  CXS’s current quarter consensus estimate has remained relatively  unchanged over the past 90 days at 0.31.  Estimates within its Industry have moved an average of 1.0% during the same time period.  During the past four weeks, analysts covering CXS have made 2 upward and 0 downward EPS estimate revisions for the current quarter.

New York Mortgage Trust, Inc., (NYMT) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets.  While New York Mortgage Trust Inc.’s earnings have increased from $0.11 to an estimated $0.35 over the past 5 quarters, they have shown acceleration in quarterly growth rates when adjusted for the volatility of earnings. This indicates an improvement in future earnings growth may occur.  NYMT is trading at $7.02 with a 14% yield.  NYMT has an outperform rating from Zacks Investment Research.

NYMT’s current quarter consensus estimate has decreased over the past 90 days from 0.34 to 0.33, a loss of -5.0%.  Consensus estimates for the Specialty Financials Industry have moved an average 1.0% during the same time period.  During the past four weeks, analysts covering NYMT have made no upward or downward EPS estimate revisions for the current quarter.

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