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Buy and hold has gone out of style. Anyone seeking to realize a positive return knows it is a stock picker's market. We have to stay on top of our portfolios to make sure they include solid investments with future gains on the way.

So far in November about 10 dividend paying stocks have been upgraded to buy or outperform. On our dividend blog we try to focus on stocks that yield 3% or more. We’ll stick to that same criteria for this post as well. Other notable but lower-yield dividend paying stocks that were upgraded this month are CVS Caremark (NYSE:CVS), AgniCo Eagle Mines (NYSE:AEM) and Home Depot (NYSE:HD).

Kilroy Realty (NYSE:KRC)

Kilroy Realty is a REIT that operates in office and industrial markets in California. It owns and operates office buildings and industrial properties in San Diego, Los Angeles, and San Franciso.

Kilroy was recently upgraded by Stifel Nicolaus from a hold to buy rating. The stock currently trades around $37 a share. Stifel Nicolaus has set a price target of $41 citing valuation and asset acquisitions. KRC recently signed a large lease deal with DirectTV (NASDAQ:DTV) where it is believe that DirectTV will set up its headquarters.

KRC has a dividend yield of 3.7%. It experienced a couple of consecutive dividend cuts in 2009 and 2010, however the dividend has remained the same for 2011.

CBL & Associates Properties (NYSE:CBL)

CBL Associates is a self managed REIT. The company owns, develops, manages and leases shopping malls, office properties and community centers. The properties are located in 26 states, most of which are in the Southeast and Midwestern US.

Stifel Nicolaus upgraded CBL from a hold to a buy citing improving fundamentals and valuation. CBL is currently trading around 14. Stifel has a price target of $18 per share.

CBL has a dividend yield of 5.7%. It increased the dividend in 2011 by 26% year over year.

H & R Block (NYSE:HRB)

If you have your TV on at tax time then you are already familiar with H&R Block. It provides a variety of tax services including tax return preparation, electronic filling and tax consulting. It provides these services for US, Canadian, and Australian customers.

Oppenheimer recently upgraded HRB from perform to outperform citing valuation due to potential dividend increases and share buyback announcements. HRB currently trades around $15.50 per share. Oppenheimer’s price target is set at 19.

HRB has a dividend yield of 3.8% and a 5-year dividend growth rate of 3.3%. The payout ratio is just 50% and it has been paying dividends since 1962.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 3 High-Yield Dividend Stocks Recently Upgraded To Buy