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."

New York Community Bancorp

Dividend Yield: 4.50%

New York Community Bancorp

(NYSE:

NYCB

) shares currently have a dividend yield of 4.50%.

New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona.

The average volume for New York Community Bancorp has been 4,447,200 shares per day over the past 30 days. New York Community Bancorp has a market cap of $7.3 billion and is part of the banking industry. Shares are down 8.2% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates

New York Community Bancorp

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Thrifts & Mortgage Finance industry average. The net income increased by 8.9% when compared to the same quarter one year prior, going from $119.26 million to $129.91 million.
  • The gross profit margin for NEW YORK CMNTY BANCORP INC is currently very high, coming in at 79.14%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 28.29% is above that of the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 9.4%. Since the same quarter one year prior, revenues slightly dropped by 4.6%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.
  • NYCB has underperformed the S&P 500 Index, declining 18.75% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • 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 Thrifts & Mortgage Finance industry and the overall market on the basis of return on equity, NEW YORK CMNTY BANCORP INC underperformed against that of the industry average and is significantly less than that of the S&P 500.

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Columbia Property

Dividend Yield: 5.20%

Columbia Property

(NYSE:

CXP

) shares currently have a dividend yield of 5.20%.

Columbia Property Trust, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on investing in and managing high-quality commercial office properties. The firm was formerly known as Wells Real Estate Investment Trust II Inc. The company has a P/E ratio of 61.95.

The average volume for Columbia Property has been 561,400 shares per day over the past 30 days. Columbia Property has a market cap of $2.8 billion and is part of the real estate industry. Shares are down 2% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates

Columbia Property

as a

hold

. Among the primary strengths of the company is its growth in net income. At the same time, however, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 19.6% when compared to the same quarter one year prior, going from $5.60 million to $6.70 million.
  • CXP, with its decline in revenue, underperformed when compared the industry average of 11.9%. Since the same quarter one year prior, revenues fell by 15.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • COLUMBIA PROPERTY TRUST INC has improved earnings per share by 25.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, COLUMBIA PROPERTY TRUST INC reported lower earnings of $0.35 versus $0.76 in the prior year. For the next year, the market is expecting a contraction of 42.9% in earnings ($0.20 versus $0.35).
  • Net operating cash flow has declined marginally to $42.84 million or 3.79% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, COLUMBIA PROPERTY TRUST INC's return on equity significantly trails that of both the industry average and the S&P 500.

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Staples

Dividend Yield: 5.30%

Staples

(NASDAQ:

SPLS

) shares currently have a dividend yield of 5.30%.

Staples, Inc., together with its subsidiaries, operates office products superstores. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations. The company has a P/E ratio of 16.07.

The average volume for Staples has been 9,673,500 shares per day over the past 30 days. Staples has a market cap of $5.8 billion and is part of the specialty retail industry. Shares are down 4.2% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates

Staples

as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

Highlights from the ratings report include:

  • The debt-to-equity ratio is somewhat low, currently at 0.64, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.84 is somewhat weak and could be cause for future problems.
  • The gross profit margin for STAPLES INC is currently lower than what is desirable, coming in at 27.17%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 0.80% trails that of the industry average.
  • Net operating cash flow has declined marginally to $276.00 million or 8.00% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, STAPLES INC has marginally lower results.

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