Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer

TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates.

While plenty of high-yield opportunities exist, investors must always consider the safety of their dividend and the total return potential of their investment. It is not uncommon for a struggling company to suspend high-yielding dividends which could subsequently result in precipitous share price declines.

TheStreet Ratings' stock rating model views dividends favorably, but not so much that other factors are disregarded. Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown as compared to potential profit volatility, i.e. how much one is willing to risk in order to earn profits?; the level of acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's valuation as compared to its stock's performance.

These and many more derived observations are then combined, ranked, weighted, and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of selecting stocks. As always, stock ratings should not be treated as gospel — rather, use them as a starting point for your own research.

The following pages contain our analysis of 3 stocks with substantial yields, that ultimately, we have rated "Hold."

Chambers Street Properties

Dividend Yield: 7.00%

Chambers Street Properties

(NYSE:

CSG

) shares currently have a dividend yield of 7.00%.

Chambers Street Properties is a equity real estate investment trust. The firm invests in the real estate markets of United States, United Kingdom, and Germany. It focuses on acquiring, owning and operating the properties. The firm invests in industrial and office properties. The company has a P/E ratio of 73.10.

The average volume for Chambers Street Properties has been 1,487,200 shares per day over the past 30 days. Chambers Street Properties has a market cap of $1.7 billion and is part of the real estate industry. Shares are down 8.3% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

Chambers Street Properties

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

Highlights from the ratings report include:

  • CSG's revenue growth has slightly outpaced the industry average of 8.6%. Since the same quarter one year prior, revenues slightly increased by 9.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • CHAMBERS STREET PROPERTIES reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, CHAMBERS STREET PROPERTIES turned its bottom line around by earning $0.08 versus -$0.02 in the prior year. This year, the market expects an improvement in earnings ($0.12 versus $0.08).
  • The gross profit margin for CHAMBERS STREET PROPERTIES is rather low; currently it is at 24.77%. Regardless of CSG's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, CSG's net profit margin of 7.72% is significantly lower than the industry average.
  • CSG has underperformed the S&P 500 Index, declining 9.59% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.

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Parkway Properties

Dividend Yield: 4.10%

Parkway Properties

(NYSE:

PKY

) shares currently have a dividend yield of 4.10%.

Parkway Properties, Inc., a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. It operates and invests principally in office properties in the southeastern and southwestern United States and Chicago. The company has a P/E ratio of 46.97.

The average volume for Parkway Properties has been 870,500 shares per day over the past 30 days. Parkway Properties has a market cap of $2.0 billion and is part of the real estate industry. Shares are down 0.7% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

Parkway Properties

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins.

Highlights from the ratings report include:

  • PKY's revenue growth has slightly outpaced the industry average of 8.6%. Since the same quarter one year prior, revenues rose by 15.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • PARKWAY PROPERTIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, PARKWAY PROPERTIES INC turned its bottom line around by earning $0.29 versus -$0.60 in the prior year. For the next year, the market is expecting a contraction of 124.1% in earnings (-$0.07 versus $0.29).
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Real Estate Investment Trusts (REITs) industry average. The net income has significantly decreased by 32.9% when compared to the same quarter one year ago, falling from $10.85 million to $7.28 million.
  • PKY has underperformed the S&P 500 Index, declining 12.73% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.

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Golar LNG

Dividend Yield: 4.20%

Golar LNG

(NASDAQ:

GLNG

) shares currently have a dividend yield of 4.20%.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. The company has a P/E ratio of 27.06.

The average volume for Golar LNG has been 1,604,900 shares per day over the past 30 days. Golar LNG has a market cap of $3.9 billion and is part of the transportation industry. Shares are up 21.2% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

Golar LNG

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • GLNG's very impressive revenue growth greatly exceeded the industry average of 38.9%. Since the same quarter one year prior, revenues leaped by 74.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.82, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
  • The gross profit margin for GOLAR LNG LTD is currently extremely low, coming in at 7.31%. Regardless of GLNG's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, GLNG's net profit margin of 60.00% significantly outperformed against the industry.
  • GLNG's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 28.63%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, GOLAR LNG LTD's return on equity significantly trails that of both the industry average and the S&P 500.

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