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

Lexington Realty Trust (NYSE:LXP) is slightly more popular than the previous three REITs, as it was included in 22 funds’ 13Fs for the end of June reporting period. Moreover, as the number of funds with long positions remained flat over the quarter, the aggregate value of their holdings declined to $102.28 million from $111.29 million, and represented 5.10% of the trust’s stock. Lexington Realty Trust (NYSE:LXP) holds a diversified portfolio of equity and debt investments in land and single-tenant properties; it pays a quarterly dividend of $0.17, which gives the stock a yield of 8.21%, but the stock has lost almost 25% year-to-date. Renaissance Technologies holds the largest stake in Lexington Realty Trust (NYSE:LXP) among the funds we track, reporting holding 2.11 million shares in its latest 13F. It is followed by Balyasny Asset Management, which more than doubled its exposure to 1.98 million shares between April and June.