5 Best REIT Stocks Under $10

In this article, we discuss 5 best REIT stocks under $10. If you want to read our detailed analysis of the REIT sector and its outlook, go directly to read 10 Best REIT Stocks Under $10. 

5. Whitestone REIT (NYSE:WSR)

Number of Hedge Fund Holders: 8
Share Price as of April 19: $9.17

Whitestone REIT (NYSE:WSR) is a Texas-based real estate investment trust company that develops and manages community-centered properties. On March 10, the company declared a monthly dividend of $0.04 per share, which was in line with its previous dividend.  The stock has a dividend yield of 5.13%, as of April 19. It is among the best dividend stocks on our list.

In December, Truist raised its price target on Whitestone REIT (NYSE:WSR) to $10 and maintained a Hold rating on the shares, highlighting the company’s revenue growth in its recent quarter.

As per Insider Monkey’s database for Q4 2022, 8 hedge funds reported having stakes in Whitestone REIT (NYSE:WSR), compared with 9 in the previous quarter. These stakes have a collective value of roughly $30 million. With over 1.6 million shares, Highland Capital Management was the company’s leading stakeholder in Q4.

4. Empire State Realty Trust, Inc. (NYSE:ESRT)

Number of Hedge Fund Holders: 14
Share Price as of April 19: $6.34

Empire State Realty Trust, Inc. (NYSE:ESRT) is an American real estate investment trust company that operates a portfolio of office, retail, and multifamily properties. The company currently pays a quarterly dividend of $0.035 per share and has a dividend yield of 2.21%, as of April 19.

In March, BMO Capital upgraded Empire State Realty Trust, Inc. (NYSE:ESRT) to Outperform with a $9 price target. The firm expects the company’s multifamily segment to deliver strong earnings this year.

At the end of December 2022, 14 hedge funds in Insider Monkey’s database reported having stakes in Empire State Realty Trust, Inc. (NYSE:ESRT), the same as in the previous quarter. The collective value of these stakes is over nearly $70 million.

Longleaf Partners Fund mentioned Empire State Realty Trust, Inc. (NYSE:ESRT) in its Q2 2022 investor letter. Here is what the firm has to say:

“Empire State Realty – New York commercial real estate and tourism company Empire State Realty Trust (NYSE:ESRT) also declined with real estate broadly, even though it is not a direct pure play on commercial real estate, given its Observatory business, whose economics are more similar to a Disney World-type theme park. The Observatory will continue to come back as post-COVID travel resumes. CEO Tony Malkin and team are focused on driving value realization by monetizing assets and continuing the share repurchase program.”

3. Broadmark Realty Capital Inc. (NYSE:BRMK)

Number of Hedge Fund Holders: 15
Share Price as of April 19: $4.76

A Washinton-based real estate investment trust, Broadmark Realty Capital Inc. (NYSE:BRMK) is next on our list of the best dividend stocks from the REIT sector. In February, Piper Sandler upgraded the stock to Neutral with a $6 price target, highlighting the company’s merger with Ready Capital.

On April 18, Broadmark Realty Capital Inc. (NYSE:BRMK) declared a monthly dividend of $0.035 per share, consistent with its previous dividend. The stock has a dividend yield of 8.82%, as of April 19.

At the end of Q4 2022, the number of hedge funds tracked by Insider Monkey owning stakes in Broadmark Realty Capital Inc. (NYSE:BRMK) grew to 15, from 9 in the previous quarter. These stakes have a total value of $33.4 million.

2. Service Properties Trust (NASDAQ:SVC)

Number of Hedge Fund Holders: 18
Share Price as of April 19: $9.52

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that invests in hotels and service-focused retail net lease properties. On April 13, the company declared a quarterly dividend of $0.20 per share, which was in line with its previous dividend. The stock has a dividend yield of 8.40%, as of April 19.

At the end of Q4 2022, 18 hedge funds owned stakes in Service Properties Trust (NASDAQ:SVC), up from 17 in the previous quarter, as per Insider Monkey’s database. These stakes have a collective value of over $48.2 million.

1. Brandywine Realty Trust (NYSE:BDN)

Number of Hedge Fund Holders: 22
Share Price as of April 19: $4.42

Brandywine Realty Trust (NYSE:BDN) mainly invests in office buildings in Philadelphia, Washington, and Austin. The company tops our list of the best dividend stocks from the REIT sector. It currently pays a quarterly dividend of $0.19 per share and has a dividend yield of 17.8%.

The number of hedge funds tracked by Insider Monkey owning stakes in Brandywine Realty Trust (NYSE:BDN) stood at 22 in Q4 2022, up from 20 in the previous quarter. The collective value of these stakes is over $95.6 million. With over 1.7 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q4.

You can also take a look at 10 Best Fertilizer Stocks to Buy and 10 Best Financial Services Stocks To Invest In Right Now

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