Top 5 REIT Stocks Under $10

4. Hudson Pacific Properties Inc. (NYSE:HPP)

Number of Hedge Fund Holdings: 20

Share Price (As of September 27): $9.83

Headquartered in Los Angeles, California, Hudson Pacific Properties Inc. (NYSE:HPP) is a real estate investment trust with an extensive portfolio and large investments in offices, sound stages, and other commercial property. Hedge fund sentiment around Hudson Pacific Properties Inc. (NYSE:HPP) grew more favorable in Q2 2022, with 20 hedge funds long the stock, compared to 14 hedge funds in Q1 2022. Balyasny Asset Management is the largest shareholder in the stock in Q2 2022, owning more than 2.51 million shares worth $37.19 million. Moreover, the company reported an annual dividend yield of 9.11% as of September 30.

On September 9, Morgan Stanley analyst Ronald Kamdem upgraded Hudson Pacific shares (NYSE:HPP) to Equal Weight from Under Weight, conferring a price target of $13 on the shares. The analyst ascertained that with shares down by more than 50% TTM in Q2 2022, the risk/reward ratio is perfectly balanced. Furthermore, Hudson Pacific Properties (NYSE:HPP) has an extensive portfolio of offices and shared working spaces which are currently occupied by some of the largest publicly traded technology and media companies in the world. For investors looking for an entry point into the tech or media sector, investing in the Hudson Pacific (NYSE:HPP) stock could be the perfect opportunity, as the company’s shares are one of the cheapest in the real estate industry, currently trading at $9.83 per share as of September 27.