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Continuing our study (click here for part 1) of the highest yielding stocks in George Soros' portfolio, today’s article will review 7 more high yield stocks. Each of these stocks will be of interest to dividend hunting investors because they all have a yield of 7% or higher.

Medical Properties Trust Inc. (NYSE:MPW)

Medical Property Trust has a market cap of $1.13 billion with a price to earnings ratio of 34.29. The stock has traded in a 52 week range of between $8.76 and $12.65. The current stock price is $10.15. On August 4th the company reported second quarter revenues of $32.7 million, compared to $31.2 million in the second quarter of 2010. Second quarter net income was $2.64 million compared to $6.22 million in the second quarter of 2010.

One of Medical Properties closest competitors is Healthcare Realty Trust Inc. (NYSE:HR) which is currently trading at $16.84. Healthcare Realty has a market cap of $1.22 billion with a price to earnings ratio of 34.29. Healthcare Realty pays a dividend which yields 7.10% versus Medical Property whose dividend yields 7.90%.

Soros Fund Management LLC owns 15,900 shares of Medical Properties. The fund purchased all 15,900 shares of Medical Properties in the second quarter of 2011. Medical Property is a company that has been able to maintain relatively stable profits over a number of years. The company initiated a dividend in 2005 and since that time it has been an above average dividend paying company. I agree with George Soros and believe that this is a stock worth owning. The company’s steady income and high dividend yield make it an attractive investment. I rate Medical Property Trust Inc. as a buy.

Pengrowth Energy Corporation (NYSE:PGH)

Pengrowth Energy Corporation has a market cap of $3.52 billion with a price to earnings ratio of 20.21. The stock has traded in a 52 week range of between $9.75 and $14.60. The current stock price is $10.71 which is near the bottom of its 52 week trading range. The company reported second quarter revenues of $321 million compared to revenues of $273 million in the second quarter of 2010. Second quarter net income was $126 million compared to $78.3 million in the second quarter of 2010.

One of Pengrowth Energy’s competitors is Provident Energy Ltd. (PVX) which is currently trading at $8.24. Provident Energy has a market cap of $2.23 billion with a negative price to earnings ratio. Provident Energy pays a dividend which yields 6.5% versus Pengrowth Energy whose dividend yields 7.8%.

Soros Fund Management LLC owns 26,000 shares of Pengrowth Energy. The fund purchased all 26,000 shares of Pengrowth Energy in the second quarter of 2011. Pengrowth Energy has a history of producing consistent profits. It also has a strong record of paying high yielding dividends. The company pays monthly dividends and its next ex-dividend date is 9/15/2011, when it will pay a $0.07 dividend with a yield of close to 8%. On August 12th one of George Soros colleagues, Jim Cramer endorsed this stock and said that Pengrowth Energy was a “horse-sense buy”. Pengrowth Energy is a company with solid income and an 8% dividend yield. I rate Pengrowth Energy Corporation as a strong buy.

Inland Real Estate Corporation (NYSE:IRC)

Inland Real Estate Corporation has a market cap of $674.42 million with a negative price to earnings ratio. The stock has traded in a 52 week range of between $6.80 and $9.99. The stock is currently trading at $7.59. The company reported second quarter revenues of $44 million compared to revenues of $42.8 million in the second quarter of 2010. Second quarter net income was $-10.3 million compared to net income of $-6.9 million in the second quarter of 2010.

One of Inland Real Estate’s closest competitors is CBL & Associates Properties Inc. (NYSE:CBL) which is trading at $13.49. CBL & Associates has a market cap of $2 billion with a price to earnings ratio of 26.82. CBL & Associates pays a dividend which yields 6.20% versus Inland Real Estate whose dividend yields 7.50%.

Soros Fund Management LLC owns 17,000 shares of Inland Real Estate. The fund purchased all 17,000 shares in the second quarter of 2011. Inland Real Estates recent earnings performance has been painful. In 2010, the company lost $263 thousand. In 2011 earnings have not done much better as the company has lost money in each of the first two quarters. The company has consistently paid monthly dividends for years. Since May of 2009, the company has paid a $0.48 dividend every month.

Despite the losses Inland Real Estate has increased its cash position and the second quarter balance sheet showed cash of $7.87 million. I believe that George Soros invested in this company because of its strong dividend paying history. Inland Real Estate's stock price has held up pretty well losing only 6.53% this year. However, I would like to see the company show a profit before I would rate the stock as a buy. I rate Inland Real Estate Corporation as a hold.

Vodafone Group Plc (NASDAQ:VOD)

Vodafone Group Plc has a market cap of $133.51 billion with a price to earnings ratio of 10.65. The stock has traded in a 52 week range of between $24.36 and $29.75. The stock is currently trading at $25.89.

Vodafone Group is based in the United Kingdom and is the largest mobile communications provider in terms of revenue in the world. The company pays a bi-annual dividend and its next ex-dividend date will be in November. The company has been a strong dividend paying company, and its current dividend yield is 7.30%. The company recently announced that it will receive a special dividend from Verizon Wireless (NYSE:VZ) (of which it is a 45% owner) of $4.5 billion. Vodafone will distribute $3.3 billion of the money to shareholders through a special dividend to be paid in February of 2012.

Soros Fund Management LLC owns 172,300 shares of Vodafone Group Plc. The fund sold 224,400 shares of Vodafone Group in the second quarter of 2011. The fund realized an 18% profit from the sale of the stock. I believe that Vodafone will continue to be a profitable company with a high-yielding dividend. The special February dividend is an extra bonus. I rate Vodafone Group Plc as a buy.

R.R. Donnelly & Sons Company (NASDAQ:RRD)

R.R. Donnelly has a market cap of $2.66 billion with a price to earnings ratio of 23.17. The stock has traded in a 52 week range of between $13.16 and $21.34. The current stock price is $14.18. On August 3rd, the company reported second quarter revenues for the period ending on July 30th of $2.62 billion, compared to revenues of $2.41 billion for the same period in 2010. Second quarter net income was $12.2 million compared to $88.8 million for the same period in 2010.

One of R.R. Donnelly’s closest competitors is Quad Graphics Inc. (NYSE:QUAD) which is trading at $20.12. Quad Graphics Inc. has a market cap of $951.45 million with a price to earnings ratio of 23.17. Quad Graphics Inc. pays a dividend which yields 4.1% compared to RR Donnelly whose dividend yields 7.3%.

Soros Fund Management LLC owns 102,500 shares of R.R. Donnelly. The fund sold 5,100 shares during the second quarter of 2011. The fund lost 28.7% on the sale of the stock. R.R. Donnelly is a slow growth company (3 years EPS -19%) that pays a strong dividend. Over the last 52 weeks, the company’s stock price is down by 14.56%, and over the last three years the stock price is down by 59%. A high-yielding stock is of little value if it incurs significant capital losses. I rate R.R. Donnelly & Sons Company as a hold.

CapLease Inc. (NYSE:LSE) CapLease has a market cap of $244.66 million with a negative price to earnings ratio. The stock has traded in a 52 week range of between $3.45 and $6.32. The current stock price is $3.58. The company reported second quarter revenues of $42.3 million compared to $41.4 million in the second quarter of 2010. Second quarter net income was $-4.86 million compared to $-2.7 million in the second quarter of 2010.

One of CapLease Inc’s competitors is iStar Financial (SFI) which trades at $6.85. iStar Financial Inc has a market cap of $632.28 million with a negative price to earnings ratio. iStar Financial Inc does not pay a dividend.

Soros Fund Management LLC owns 44,000 shares of CapLease Inc. The fund purchased all 44,000 shares in the second quarter of 2011. CapLease Inc. is a company that has not had positive net income since 2006. In spite of the losses, the company has paid a quarterly dividend since 2004. Over the last five years, the dividend has increased by 300%. The balance sheet shows that the company has increased its cash position and has $67.45 in cash and equivalents. With a price to book ratio of 0.78, the stock price is cheap for a company that has a 7% dividend. I will follow George Soros lead and rate CapLease Inc. as a buy.

Sinclair Broadcast Group Inc. (NASDAQ:SBGI) Sinclair Broadcast Group Inc has a market cap of $586.83 million with a price to earnings ratio of 7.21. The stock has traded in a 52 week range of between $6.53 and $13.07. The stock is currently trading at $7.25. The company reported second quarter revenues of $187 million compared to $186 million in the second quarter of 2010. Second quarter net income was $18.6 million compared to net income of $17.3 million in the second quarter of 2010.

One of Sinclair Broadcast Group’s competitors is Media General Inc. (NYSE:MEG) which trades at $1.99. Media General has a market cap of $46.15 million with a negative price to earnings ratio. Media General does not pay a dividend.

Soros Fund Management LLC owns 33,800 shares of Sinclair Broadcast Group Inc. The fund sold 13,900 shares during the second quarter of 2011. Sinclair Broadcast Group Inc had net income of $76.1 million in 2010 and has posted positive net income in each of the last five quarters. After a two year hiatus, the company began paying dividends in February of 2011.

The current dividend is $0.48 with a yield of 7%. This is a company that seems to be in an upward trend. George Soros however, has elected to reduce his position in the stock. Perhaps it is because the company’s cash balance decreased from $123 million in the first quarter to $50.5 million in the second quarter. I would be careful about purchasing this stock. I rate Sinclair Broadcast Group Inc. as a hold.

Source: 20 Highest Yielding Stocks In George Soros' Portfolio, Part 2