In this article, we will take a look at the 5 most undervalued REIT stocks to buy according to hedge funds. To see more such companies, go directly to 13 Most Undervalued REIT Stocks To Buy According To Hedge Funds.
5. Starwood Property Trust, Inc. (NYSE:STWD)
Number of Hedge Fund Holders: 18
Starwood Property Trust, Inc. (NYSE:STWD) ranks 5th in our list of the most undervalued REIT stocks to buy according to hedge funds. Starwood Property Trust, Inc. (NYSE:STWD) has a PE ratio of 8.20 as of February 2. In November, Starwood Property Trust, Inc. (NYSE:STWD) posted Q3 results that were below consensus estimates. Distributable EPS in the quarter came in at $0.51, missing estimates by a penny. Revenue in the third quarter totaled $390.5 million. In December, Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend of $0.48 per share. The forward dividend yield at the time came in 9.63%.
4. Annaly Capital Management, Inc. (NYSE:NLY)
Number of Hedge Fund Holders: 21
Annaly Capital Management, Inc. (NYSE:NLY) is a mortgage REIT. Annaly Capital Management, Inc. (NYSE:NLY) ranks 4th in our list of the most undervalued REIT stocks to buy according to hedge funds. Annaly Capital Management, Inc. (NYSE:NLY) has a PE ratio of 2.99 as of February 2. A total of 21 hedge funds had stakes in Annaly Capital Management, Inc. (NYSE:NLY) at the end of the September quarter of 2022, compared to 24 funds in the previous quarter.
3. Apartment Income REIT Corp. (NYSE:AIRC)
Number of Hedge Fund Holders: 23
As of the end of the third quarter of 2022, 23 hedge funds reported having stakes in Apartment Income REIT Corp. (NYSE:AIRC), according to Insider Monkey’s database of 920 elite hedge funds’ holdings. The biggest stakeholder of Apartment Income REIT Corp. (NYSE:AIRC) among these funds was John Khoury’s Long Pond Capital which owns about $63 million stake in the firm.
2. LXP Industrial Trust (NYSE:LXP)
Number of Hedge Fund Holders: 24
As of the end of the third quarter of 2022, 24 hedge funds in Insider Monkey’s database of 920 funds had stakes in LXP Industrial Trust (NYSE:LXP). The net worth of these collective stakes was about $192 million. The biggest stakeholder in LXP Industrial Trust (NYSE:LXP) was John Khoury’s Long Pond Capital which has a $96 million stake in the company. The second biggest hedge fund stakeholder in LXP Industrial Trust (NYSE:LXP) at the end of September 2022 was Ken Griffin’s Citadel Investment Group which owns a stake worth about $23 million.
1. Two Harbors Investment Corp. (NYSE:TWO)
Number of Hedge Fund Holders: 28
Minnesota-based Two Harbors Investment Corp. (NYSE:TWO) is one of the most undervalued REIT stocks to buy according to hedge funds. Two Harbors Investment Corp. (NYSE:TWO) has a PE ratio of 3.96 as of February 2. As of the end of the third quarter of 2022, 28 hedge funds had stakes in Two Harbors Investment Corp. (NYSE:TWO), according to Insider Monkey’s database of 920 hedge funds’ holdings. The total value of these stakes was $1.4 billion. At the conclusion of the second quarter of 2022, 30 funds had stakes in Two Harbors Investment Corp. (NYSE:TWO). Ken Griffin’s Citadel Investment Group has a $7.6 million stake in Two Harbors Investment Corp. (NYSE:TWO).
You can also take a peek at Dividend Kings and Aristocrats List and 15 Countries that Produce the Most Hydropower.
