It’s easy to get vertigo, when markets get yanked around in several directions at once. The crazy currents we’ve seen in recent weeks have been a recipe for confusion – a bear turned into a bullish rally, inflation hit a 40+ year peak and then pulled back, the Federal Reserve made some of the most aggressive rate hikes in its history before sounding a dovish note.

For the average investor, charting a course through these waters is a daunting task. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire Steve Cohen.

The legendary stock picker has built Point72 into a giant of the hedge fund industry, with over $26 billion in total assets under management. Using what’s known as a multi-strategy approach which involves stock market investments as well as global investments in several asset classes all at once based on macroeconomic trends, Cohen is considered one of the best in the business.

With this in mind, we’ve opened up the TipRanks database to get the scoop on two of Cohen's recent new positions. These are Buy-rated stocks – and perhaps more interestingly, both are strong dividend payers, with annual yields exceeding 5%. We can turn to the Wall Street analysts to find out what else might have brought these stocks to Cohen's attention.

Highwoods Properties (HIW)

We’ll start with an unsurprising member of the ‘high-yield dividend club,’ Highwoods Properties. This company is a real estate investment trust (REIT), based in Raleigh, North Carolina, holds a portfolio of properties in the best business districts (BBDs) of rising urban areas across the sunbelt: Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond, and Tampa. In addition, Highwoods also has properties in Pittsburgh, Pennsylvania. The company owns, develops, leases, and manages its properties, and boasts more than 27.4 million square feet of usable space with a 91.1% occupancy.