Five Cheap REITs Under $10 that Hedge Funds are Bullish On

New York REIT Inc (NYSE:NYRT) was also included in the equity portfolios of 20 funds from our database, but while this number went up by 14 during the second quarter, these investors amassed only 2.80% of the REIT’s outstanding stock. Still, the total value of funds’ positions surged to $46.17 million from $4.89 million between April and June, which shouldn’t be overlooked. However, New York REIT Inc (NYSE:NYRT) pays a dividend of only $0.04 per share and has a dividend yield of 4.50%, aside from the fact that its stock has lost almost 3% since the beginning of the year. Moreover, the top three shareholders of New York REIT Inc (NYSE:NYRT) from our database hold new positions, and include Dmitry Balyasny’s Balyasny Asset Management, and David S. Winter and David J. Millstone’s 40 North Management on the first two spots, with stakes of 970,100 shares and 584,200 shares respectively.