5 Most Undervalued REIT Stocks To Buy According To Hedge Funds

4. Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Number of Hedge Fund Investors In Q2 2023: 18

Latest P/E Ratio: 14.17

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate finance firm that provides loans for commercial properties. It is a subsidiary of Blackstone, one of the largest real estate firms in the world and one that has run into debt troubles as of late.

By the end of 2023’s June quarter, 18 hedge funds out of the 910 surveyed by Insider Monkey had held a stake in the company. Ken Griffin’s Citadel Investment Group is Blackstone Mortgage Trust, Inc. (NYSE:BXMT)’s biggest investor since it holds a stake worth $39 million.

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