PETS - 2 High-Yield Dividend Stocks Billionaires Can't Stop Buying
2023-05-18 10:00:00 ET
Billionaire money managers didn't exactly go overboard buying U.S. stocks in the first quarter of 2023, but a select few high-yield dividend stocks (those with yields greater than 5%) did attract interest from some of the world's best investors during the opening months of 2023. The most likely reason is that high-yield dividend stocks tend to outperform the broader markets over the long run.
Which high-yield dividend stocks attracted significant interest from billionaire superinvestors in the first quarter of 2023? Kenneth Griffin's hedge fund Citadel Advisors purchased additional shares of both the healthcare real estate investment trust (REIT) Medical Properties Trust (NYSE: MPW) and online pet retailer PetMed Express (NASDAQ: PETS) during the three-month period. Read on to find out more about these two top passive income stocks.
Medical Properties Trust offers leasing and financing services for healthcare facilities across the globe. Its diverse roster of tenants includes acute care hospitals, behavioral health facilities, and inpatient rehabilitation hospitals. This healthcare REIT has been part of Citadel's holdings since the third quarter of 2008, according to whalewisdom.com. In the first quarter of 2023, Griffin's hedge fund purchased another 2.8 million shares of the company, per Citadel's latest 13F filings with the Securities and Exchange Commission.
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2 High-Yield Dividend Stocks Billionaires Can't Stop Buying