Markets ended 2020 on a excessive word, and have began 2021 on a bullish trajectory. All three main indexes have just lately surged to all-time highs as buyers seemingly seemed 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 folks 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 client worth inflation which might not be good for overvalued property,” 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 may naturally convey buyers 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 constructive indicators: A Sturdy Purchase score, dividend yields beginning at 9% or higher – and a latest analyst overview pointing towards double-digit upside.CTO Realty Development (CTO)We’ll begin with CTO Realty Development, a Florida-based actual property firm that, final yr, made an thrilling resolution for dividend buyers: the corporate introduced that it might 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 firms return a excessive share of their earnings on to shareholders. Dividends are regular route of that return.For background, CTO holds a various portfolio of actual property investments. The holdings embrace 27 earnings properties in 11 states, totaling greater than 2.4 million sq. ft, together with 18 leasable billboards in Florida. The earnings properties are primarily procuring facilities and stores. Through the third quarter, the newest 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 function 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 frequent share. That was elevated in This autumn to $1, a leap of 150%; once more, this was finished to place the corporate in compliance with REIT-status necessities. On the present dividend charge, the yield is 9.5%, far increased than the common amongst monetary sector peer firms.Analyst Craig Kucera, of B. Riley, believes that CTO has loads of choices going ahead to develop its portfolio by acquisition: “CTO hit the excessive finish of anticipated disposition steering at $33M in 4Q20, bringing YTD inclinations to almost $85M, with the most important disposition affiliated with the train of a tenant’s choice to buy a constructing from CTO in Aspen, CO. Put up these inclinations, we estimate >$30M in money and restricted money for extra acquisitions, and we anticipate CTO to be lively once more in 1H21.”To this finish, Kucera charges CTO a Purchase together with a $67 worth goal. At present ranges, his goal implies a 60% one-year upside potential. (To observe Kucera’s observe report, click on right here)General, CTO has 3 opinions on report from Wall Avenue’s analysts, they usually all agree that this inventory is a Purchase, making the analyst consensus of Sturdy Purchase unanimous. The shares are priced at $41.85, and their common worth goal of $59.33 suggests room for ~42% progress within the yr forward. (See CTO inventory evaluation on TipRanks)Holly Vitality Companions (HEP)The power 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 companies 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 whole 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 stream – from which dividends are paid – of $76.9 million, up greater than $8 million year-over-year. This supported a 35-cent dividend cost per common share, or $1.40 annualized. At that charge, the dividend yields a robust 10%.Noting the dividend, Properly Fargo analyst Michael Blum wrote, “Our mannequin suggests the distribution is sustainable at this degree 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 offers HEP a $20 worth goal and an Obese (i.e. Purchase) score. His goal implies a 38% upside for the subsequent 12 months. (To observe Blum’s observe report, click on right here)”Our score primarily displays the partnership’s regular, fee-based money flows, sturdy yield and conservative steadiness sheet,” Blum added.For probably the most half, Wall Avenue agrees with Blum’s evaluation on HEP, as proven by the Sturdy Purchase analyst consensus score. That score is supported by 6 opinions, break up 5 to 1 Buys versus Maintain. The common worth 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, transferring crude oil, petroleum merchandise, and liquified pure gasoline world wide, 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 by 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 essential to notice, nevertheless, that the 3Q income consequence 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 consistent with earnings. The corporate did that in Q3, and the 20-cent per common share cost was the primary dividend minimize in 5 quarters. The final coverage is a constructive for dividend buyers, nevertheless, as the corporate has not missed a dividend cost in 43 consecutive quarters – an admirable report. 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 consider DHT is nicely positioned for after we anticipate freight charges to understand in H2 2021E.”Entering into extra particulars, Haugen provides, “[The] fundamental underlying drivers are nonetheless intact: fleet progress shall 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.”According to his feedback, Haugen charges DHT a Purchase. His $7.40 goal worth means that this inventory can develop 34% within the months forward. (To observe Haugen’s observe report, click on right here)The remainder of the Avenue is getting onboard. 3 Buys and 1 Maintain assigned within the final three months add as much as a Sturdy Purchase analyst consensus. As well as, the $6.13 common worth goal places the potential upside at ~11%. (See DHT inventory evaluation on TipRanks)To search out good concepts for dividend shares buying and selling at enticing valuations, go to TipRanks’ Greatest 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 essential to do your individual evaluation earlier than making any funding.