Markets ended 2020 on a excessive word, and have began 2021 on a bullish trajectory. All three main indexes have not too long ago surged to all-time highs as traders seemingly regarded past the pandemic and hoped for indicators of a fast restoration. Veteran strategist Edward Yardeni sees the financial restoration bringing its personal slowdown with it. Because the COVID vaccination program permits for additional financial opening, with extra individuals getting again to work, Yardeni predicts a wave of pent-up demand, growing wages, and rising costs – briefly, a recipe for inflation. “Within the second half of the yr we could also be looking out for some shopper value inflation which might not be good for overvalued belongings,” Yardeni famous.The warning signal to search for is increased yields within the Treasury bond market. If the Fed eases up on the low-rate coverage, Yardeni sees Treasuries reflecting the change first.A state of affairs like that is tailored for defensive inventory performs – and that can naturally carry traders to have a look at high-yield dividend shares. Opening up the TipRanks database, we’ve discovered three shares that includes a hat trick of optimistic indicators: A Robust Purchase ranking, dividend yields beginning at 9% or higher – and a latest analyst overview pointing towards double-digit upside.CTO Realty Progress (CTO)We’ll begin with CTO Realty Progress, a Florida-based actual property firm that, final yr, made an thrilling resolution for dividend traders: the corporate introduced that it could change its tax standing to that of an actual property funding belief (REIT) for the tax yr ending December 31, 2020. REITs have lengthy been recognized for his or her excessive dividend yields, a product of tax code necessities that these corporations return a excessive share of their earnings on to shareholders. Dividends are ordinary route of that return.For background, CTO holds a various portfolio of actual property investments. The holdings embody 27 earnings properties in 11 states, totaling greater than 2.4 million sq. toes, together with 18 leasable billboards in Florida. The earnings properties are primarily buying facilities and shops. Through the third quarter, the latest reported, CTO bought off some 3,300 acres of undeveloped land for $46 million, acquired two earnings properties for $47.9 million, and picked up ~93% of contractual base rents due. The corporate additionally licensed a one-time particular distribution, in reference to its shift to REIT standing; its objective was to place the corporate in compliance with earnings return regulation throughout tax yr 2020. The one-time distribution was made in money and inventory, and totaled $11.83 per share.The common dividend paid in Q3 was 40 cents per widespread share. That was elevated in This fall to $1, a bounce of 150%; once more, this was executed to place the corporate in compliance with REIT-status necessities. On the present dividend price, the yield is 9.5%, far increased than the common amongst monetary sector peer corporations.Analyst Craig Kucera, of B. Riley, believes that CTO has loads of choices going ahead to increase its portfolio via acquisition: “CTO hit the excessive finish of anticipated disposition steering at $33M in 4Q20, bringing YTD inclinations to just about $85M, with the most important disposition affiliated with the train of a tenant’s choice to buy a constructing from CTO in Aspen, CO. Submit these inclinations, we estimate >$30M in money and restricted money for extra acquisitions, and we anticipate CTO to be energetic once more in 1H21.”To this finish, Kucera charges CTO a Purchase together with a $67 value goal. At present ranges, his goal implies a 60% one-year upside potential. (To look at Kucera’s monitor file, click on right here)General, CTO has 3 evaluations on file from Wall Road’s analysts, they usually all agree that this inventory is a Purchase, making the analyst consensus of Robust Purchase unanimous. The shares are priced at $41.85, and their common value goal of $59.33 suggests room for ~42% progress within the yr forward. (See CTO inventory evaluation on TipRanks)Holly Vitality Companions (HEP)The vitality sector, with its excessive money flows, can be recognized for its high-paying dividend shares. Holly Vitality Companions is a midstream transportation participant in sector, offering pipeline, terminal, and storage providers for producers of crude oil and petroleum distillate merchandise. Holly bases most of its operations within the Colorado-Utah and New Mexico-Texas-Oklahoma areas. In 2019, the final full yr for which numbers can be found, the corporate noticed $533 million in complete revenues.The corporate’s revenues in 2020 slipped within the first and second quarters, however rebounded in Q3, coming in at $127.7 million. Holly reported at distributable money circulate – from which dividends are paid – of $76.9 million, up greater than $8 million year-over-year. This supported a 35-cent dividend fee per common share, or $1.40 annualized. At that price, the dividend yields a powerful 10%.Noting the dividend, Effectively Fargo analyst Michael Blum wrote, “Our mannequin suggests the distribution is sustainable at this stage as [lost revenue] is offset by inflation escalators in HEP’s pipeline contracts and contributions from the Cushing Join JV undertaking. About 80% of HEP’s distribution is tax-deferred.”Blum provides HEP a $20 value goal and an Obese (i.e. Purchase) ranking. His goal implies a 38% upside for the following 12 months. (To look at Blum’s monitor file, click on right here)”Our ranking primarily displays the partnership’s regular, fee-based money flows, strong yield and conservative steadiness sheet,” Blum added.For essentially the most half, Wall Road agrees with Blum’s evaluation on HEP, as proven by the Robust Purchase analyst consensus ranking. That ranking is supported by 6 evaluations, cut up 5 to 1 Buys versus Maintain. The typical value goal, at $18.67, means that the inventory has room to develop ~29% this yr. (See HEP inventory evaluation on TipRanks)DHT Holdings (DHT)Midstreaming is just one a part of the worldwide oil business’s transport community. Tankers are one other, shifting crude oil, petroleum merchandise, and liquified pure fuel around the globe, in bulk. Bermuda-based DHT operates a fleet of 27 crude oil tankers, all rated VLCC (very massive crude service). These vessels are 100% owned by the corporate, and vary in tonnage from 298K to 320K. VLCCs are the workhorses of the worldwide oil tanker community.After 4 quarters of sequential income features, even via the ‘corona half’ of 1H20, DHT posted a sequential drop in revenues from 2Q20 to 3Q20. The highest line that quarter fell from $245 million to $142 million. It’s necessary to notice, nevertheless, that the 3Q income end result was nonetheless up 36.5% year-over-year. EPS, at 32 cents, was a dramatic yoy turnaround from the 6-cent loss posted in 3Q19.DHT has a historical past of adjusting its dividend, when wanted, to maintain it in keeping with earnings. The corporate did that in Q3, and the 20-cent per common share fee was the primary dividend lower in 5 quarters. The overall coverage is a optimistic for dividend traders, nevertheless, as the corporate has not missed a dividend fee in 43 consecutive quarters – an admirable file. At 80 cents per share annualized, the dividend yields a formidable 14%.Kepler analyst Petter Haugen covers DHT, and he sees potential for elevated returns within the firm’s contract schedule. Haugen famous, “With 8 out of 16 vessels ending their TC contracts by finish Q1 2021, we imagine DHT is properly positioned for once we anticipate freight charges to understand in H2 2021E.”Moving into extra particulars, Haugen provides, “[The] primary underlying drivers are nonetheless intact: fleet progress can be low (1% on common over 2020- 23E) and the US will nonetheless find yourself being a internet seaborne exporter of crude oil, making additional export progress from the US drive tanker demand. We anticipate spot charges to enhance once more throughout 2021E, shortly after oil demand has normalised. We anticipate common VLCC charges of USD41,000/day in 2022E and USD55,000/day in 2023E.”In keeping with his feedback, Haugen charges DHT a Purchase. His $7.40 goal value means that this inventory can develop 34% within the months forward. (To look at Haugen’s monitor file, click on right here)The remainder of the Road is getting onboard. 3 Buys and 1 Maintain assigned within the final three months add as much as a Robust Purchase analyst consensus. As well as, the $6.13 common value goal places the potential upside at ~11%. (See DHT inventory evaluation on TipRanks)To seek out good concepts for dividend shares buying and selling at engaging valuations, go to TipRanks’ Finest Shares to Purchase, a newly launched software that unites all of TipRanks’ fairness insights.Disclaimer: The opinions expressed on this article are solely these of the featured analysts. The content material is meant for use for informational functions solely. It is extremely necessary to do your personal evaluation earlier than making any funding.