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."

Valley National Bancorp

Dividend Yield: 4.70%

Valley National Bancorp (NYSE: VLY) shares currently have a dividend yield of 4.70%.

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and trust and investment services. The company operates in four segments: Commercial Lending, Consumer Lending, Investment Management, and Corporate and Other Adjustments. The company has a P/E ratio of 16.71.

The average volume for Valley National Bancorp has been 1,662,900 shares per day over the past 30 days. Valley National Bancorp has a market cap of $2.2 billion and is part of the banking industry. Shares are down 2.4% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Valley National Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:
  • The gross profit margin for VALLEY NATIONAL BANCORP is currently very high, coming in at 74.67%. Regardless of VLY's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, VLY's net profit margin of 13.75% compares favorably to the industry average.
  • The share price of VALLEY NATIONAL BANCORP has not done very well: it is down 8.66% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
  • Net operating cash flow has decreased to $14.82 million or 15.50% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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Columbia Property

Dividend Yield: 4.50%

Columbia Property (NYSE: CXP) shares currently have a dividend yield of 4.50%.

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 35.37.

The average volume for Columbia Property has been 696,300 shares per day over the past 30 days. Columbia Property has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 6% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Columbia Property as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins 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 significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 334.9% when compared to the same quarter one year prior, rising from $12.93 million to $56.23 million.
  • CXP, with its decline in revenue, underperformed when compared the industry average of 10.1%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • In its most recent trading session, CXP has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. 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.
  • The gross profit margin for COLUMBIA PROPERTY TRUST INC is currently extremely low, coming in at 14.48%. It has decreased significantly from the same period last year. Regardless of the weak results of the gross profit margin, the net profit margin of 40.23% is above that of the industry average.

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Navios Maritime Partners L.P

Dividend Yield: 16.00%

Navios Maritime Partners L.P (NYSE: NMM) shares currently have a dividend yield of 16.00%.

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Europe, Asia, North America, and Australia. The company has a P/E ratio of 12.45.

The average volume for Navios Maritime Partners L.P has been 997,600 shares per day over the past 30 days. Navios Maritime Partners L.P has a market cap of $920.5 million and is part of the transportation industry. Shares are up 10.3% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Navios Maritime Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Marine industry. The net income increased by 33.0% when compared to the same quarter one year prior, rising from $10.13 million to $13.47 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 16.6%. Since the same quarter one year prior, revenues rose by 13.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • NMM's debt-to-equity ratio of 0.78 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 3.52 is very high and demonstrates very strong liquidity.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Marine industry and the overall market, NAVIOS MARITIME PARTNERS LP's return on equity is below that of both the industry average and the S&P 500.
  • NMM'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 41.80%, 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.

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