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

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And the cherry on the top is FelCor Lodging Trust Incorporated (NYSE:FCH), which is not only the most popular under-$10 REIT, but is also the cheapest, with a current price of $7.40 per share, which comes on the back of a 30% drop since the beginning of 2015. The REIT pays a dividend of $0.04 per share, which gives it a yield of 2.16% and it was included in the latest 13F filings of 24 funds, up by two over the quarter. The aggregate value of these investors’ positions in FelCor Lodging Trust Incorporated (NYSE:FCH) advanced to $151.52 million from $139.41 million during the second quarter and amassed 10.70% of the trust’s shares at the end of June. Billionaires Simons and Englander rank among FelCor Lodging Trust Incorporated (NYSE:FCH)’s top shareholders as well, with positions of 2.38 million shares and 1.14 million shares, trailing Chuck Royce’s Royce & Associates on the first spot with a 3.57 million-share stake.

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