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If you're looking for investment opportunities with minimal volatility, equity REITs are a crowd favorite—known to offer decent dividend payouts and high yields.
But which to put your money in? Take a cue from a billionaire. These are billionaires' five favorite REITs to invest in, aggregated from Insider Money.
Weyerhaeuser Co
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Weyerhaeuser is one of the world's largest owners of timberland, with more than 6 million acres in its portfolio. The REIT is followed by six billionaire funds that hold about $160.50M in stock as of March 31. The forestry giant's shares have risen 6% since the start of the year, and now its averaging a quarterly dividend of $0.31/share, giving the stock a 3.89% yield.
American Tower Corp
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American Tower owns and operates wireless communications infrastructures and has a market cap of $48.78B. As of March 31, six billionaire funds owned $407.7M of the REIT's stock—though this was a 16% decline in billionaire holdings compared to the year prior; the REIT's high net worth investors fell from seven to six.
Equinix
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There are roughly six asset managers investing in this REIT—which is the world's largest data center provider. Billionaires' holdings were valued at $953M in stock as of March 31, and those stakes inched up 7% from the previous quarter. Shareholders receive quarterly cash divided of $1.75/share, an annual dividend yield of 1.90%.
Gaming and Leisure Properties
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The number of bullish billionaire investors in this REIT jumped from three to eight between January and March. Money managers held $230.9M worth of Gaming and Leisure Properties stock, and so far this year, the REIT is sporting a dividend yield of 6.24%.
Crown Castle International Corp
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Crown Castle has 12 billionaire money managers with long-term stock holdings. Billionaire's stock accounted for $1.14B as of March 31, up 13% from the first quarter. The REIT operates wireless infrastructure and owns about 40,000 towers throughout the world.
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