Investing

5 Raymond James Analyst Favorite Stocks Look Safe and Pay Big, Dependable Dividends

Hancock Whitney

This regional bank is based in the South and offers solid growth and a nice dividend as well. Hancock Whitney Corp. (NYSE: HWC) operates as the bank holding company for Hancock Whitney Bank, which provides a range of banking products and services to commercial, small business and retail customers.

The company accepts various deposit products, such as non-interest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts and time deposit accounts. Its loan products include commercial and industrial; commercial real estate; construction and land development; residential mortgages, including fixed and adjustable rate loans; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees.

The company also offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals, as well as holds foreclosed assets. It operates 208 full-service banking and financial services offices, and 275 automated teller machines in Mississippi, Alabama, Louisiana, Florida and Texas. It also operates a loan production office in Nashville, Tennessee.

Shareholders receive a 2.42% dividend. Raymond James has a $54 price target, which compares with the lower $50.83 consensus target and Wednesday’s closing print of $44.55.

National Retail Properties

This is one of the largest real estate investment trusts, and it is a solid choice for investors looking to capitalize on retail returning to normal. National Retail Properties Inc. (NYSE: NNN) invests primarily in high-quality retail properties subject generally to long-term net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

Earlier this month, the retail real estate investment trust (REIT) posted quarterly funds from operations (FFO) that were higher than a year ago and that exceeded the consensus expectations. Earlier this year, it also reported better than expected FFO.

Investors can bank on a very rich 4.52% distribution. The $55 Raymond James price target compares with a $52.23 consensus target and Wednesday’s closing share price of $46.92.