In this piece, we will take a look at the five best REIT stocks to buy under $10. If you want to take a deeper look at what’s going on in the real estate industry these days, then read 11 Best REIT Stocks To Buy Under $10.
5. Apartment Investment and Management Company (NYSE:AIV)
Number of Q4 2023 Hedge Fund Shareholders: 20
Latest Share Price: $7.17
Apartment Investment and Management Company (NYSE:AIV) is a residential real estate investment trust that targets primarily multifamily properties. Its fourth quarter results, revealed in late February, saw Apartment Investment and Management Company (NYSE:AIV) 6.8% annual revenue growth on the back of rising rents.
20 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought the firm’s shares. Apartment Investment and Management Company (NYSE:AIV)’s largest hedge fund investor is Cantor Fitzgerald’s V3 Capital due to its $51.5 million stake.
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4. Diversified Healthcare Trust (NASDAQ:DHC)
Number of Q4 2023 Hedge Fund Shareholders: 21
Latest Share Price: $3
Diversified Healthcare Trust (NASDAQ:DHC) is a diversified healthcare REIT that operates research, care centers, and other associated properties. Its monthly un audited financial and occupancy report for January 2024 provided a mixed bag of results that saw revenue grow annually but occupancy drop on a month over basis.
21 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 database had bought Diversified Healthcare Trust (NASDAQ:DHC)’s shares.
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3. Service Properties Trust (NASDAQ:SVC)
Number of Q4 2023 Hedge Fund Shareholders: 21
Latest Share Price: $7.42
Service Properties Trust (NASDAQ:SVC) is a hospitality REIT with tens of thousands of rooms in its portfolio. Its dividends also reflect the recent performance of the hospitality industry, as annual and five year dividend growth rates are in the red.
Insider Monkey dug through 933 hedge funds for their December quarter of 2023 shareholdings and found that 21 had held a stake in the firm. Service Properties Trust (NASDAQ:SVC)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $13.6 million investment.
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2. Brandywine Realty Trust (NYSE:BDN)
Number of Q4 2023 Hedge Fund Shareholders: 22
Latest Share Price: $4.09
Brandywine Realty Trust (NYSE:BDN) is an REIT with a strong presence in the lucrative economic hubs of Austin, Texas and Philadelphia, Pennsylvania. These days, the firm is busy focusing on developing a residential unit in Downtown Austin with hundreds of multifamily units.
As of December 2023 end, 22 out of the 933 hedge funds covered by Insider Monkey’s research were Brandywine Realty Trust (NYSE:BDN) shareholders. Ken Griffin’s Citadel Investment Group was the biggest investor through its $12.1 million stake.
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1. Hudson Pacific Properties, Inc. (NYSE:HPP)
Number of Q4 2023 Hedge Fund Shareholders: 24
Latest Share Price: $6.4
Hudson Pacific Properties, Inc. (NYSE:HPP) is a Los Angeles based office REIT serving the needs of the media and technology industries. It’s one of the strongest performing REIT stocks on our list when it comes to financial performance by having beaten analyst EPS estimates in all four of its latest quarters.
Insider Monkey dug through 933 hedge fund portfolios for Q4 2023 and that 24 had invested in the firm. Hudson Pacific Properties, Inc. (NYSE:HPP)’s largest hedge fund shareholder is Ken Griffin’s Citadel Investment Group as it holds $29.5 million worth of shares.
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Disclosure: None. You can also take a look at 25 Countries with Highest Tax to GDP Ratio in the World and 15 Best Long Term Care Insurance Companies Heading into 2024.
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