Top 5 REIT Stocks Under $10

3. American Finance Trust (NASDAQ: AFIN)

Number of Hedge Fund Holders: 8

American Finance Trust (NASDAQ: AFIN) is a company that runs a REIT under the same name. It has a diverse portfolio in multiple segments, including retail properties, lifestyle centers, and power companies. It mainly deals with customers in New York. One of its latest reports revealed that it registered an increase in rental collection for the third consecutive quarter throughout its portfolio.

8 hedge fund investors had a stake in American Finance Trust in Q4 2020 led by Arrowstreet Capital which owned 565,882 shares in AFN.

• The company revealed that it managed to collect 99% of the expected cash rent in Q1 2021. This was particularly the case for its single-tenant properties.
• The increase in rent collections was because of the recovery from the impact of the coronavirus pandemic.
• AFN affirmed its commitment to paying out quarterly dividends to its investors. This commitment and its robust portfolio favor it running as one of the top 10 REIT stocks under $10.
• The company’s annual dividend rate is $1.875 per share, equivalent to $0.46875 per share every quarter.