5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

4. Equity Residential (NYSE: EQR)

Marks’ Stake Value: $28,276,000
Percentage Howard Marks’ 13F Portfolio: 0.48%
Dividend Yield: 3.25%
No. of Hedge Fund Holders: 28

Equity Residential (NYSE: EQR) is a company that creates thriving spaces for communities. The company started this year with a sale of an apartment in San Diego. Sales proceeds are being used this year to enhance its financial position and address debt maturities.

The company has also reported its quarterly results for the quarter ending March 31, 2021. compared to Q4 2020, there has been a 1.6% improvement for Physical Occupancy. Additionally, the company accumulated about 97% of Residential revenues in Q1 2021. Equity Residential (NYSE: EQR) has a $5.0 million commitment towards its fund for preserving housing that comes within people’s reach. Pricing trends continually improve across different markets, which is seen with around 14% sequential improvement seen across its portfolio during the previous quarter.