Top 5 Real Estate Stocks to Own According to LDR Capital

2. Blackstone Mortgage Trust Inc. (NYSE:BXMT)

Coming in at the penultimate position, is Blackstone Mortgage Trust Inc (NYSE:BXMT), which LDR Capital made a further bet on in Q3 by raising its position in the REIT by 46% to 867,325 shares valued at $26.3 million. That makes its stake in BXMT more than twice as valuable as its third-largest holding MGP, showing the fund’s conviction in BXMT and its top stock pick SLG.

Blackstone Mortgage Trust Inc (NYSE:BXMT) ranks as one of 5 REIT Dividend Stocks with Over 5% Yields, boasting a current yield of 7.93%. BXMT underperformed its peers by double digits in 2021, a circumstance that some hedge funds believe was unwarranted and which leaves the firm trading at a severe historical discount to rivals like Starwood Property Trust, Inc. (NYSE:STWD). Blackstone’s large exposure to the struggling New York property market is likely one reason for the stock’s recent underperformance, as well as its recent 10 million shares secondary offering.