Sectors & IndustriesReal EstateReal Estate - Development

Best Real Estate Development Stocks to Buy Now (2023)

Top real estate development stocks in 2023 ranked by overall Zen Score. See the best real estate development stocks to buy now, according to analyst forecasts for the real estate - development industry.

According to Zen Score, the 3 best real estate development stocks to buy right now are:

Landsea Homes (NASDAQ:LSEA) is the top real estate development stock with a Zen Score of 52, which is 28 points higher than the real estate development industry average of 24. It passed 17 out of 33 due diligence checks and has strong fundamentals. Landsea Homes has seen its stock return 106.49% over the past year, overperforming other real estate development stocks by 122 percentage points.

Landsea Homes has an average 1 year price target of $13.00, an upside of 16.8% from Landsea Homes's current stock price of $11.13.

Landsea Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Landsea Homes, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Amrep (NYSE:AXR) is the second best real estate development stock with a Zen Score of 50, which is 26 points higher than the real estate development industry average of 24. It passed 16 out of 33 due diligence checks and has strong fundamentals. Amrep has seen its stock return 67.84% over the past year, overperforming other real estate development stocks by 84 percentage points.

Lead Real Estate Co (NASDAQ:LRE) is the third best real estate development stock with a Zen Score of 38, which is 14 points higher than the real estate development industry average of 24. It passed 13 out of 33 due diligence checks and has average fundamentals.

Based on WallStreetZen's Valuation Score, the 3 most undervalued real estate development stocks right now are:

Landsea Homes (NASDAQ:LSEA) is the most undervalued real estate development stock based on WallStreetZen's Valuation Score. Landsea Homes has a valuation score of 86, which is 53 points higher than the real estate development industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Landsea Homes's stock has gained 106.49% in the past year. It has overperformed other stocks in the real estate development industry by 122 percentage points.

Amrep (NYSE:AXR) is the second most undervalued real estate development stock based on WallStreetZen's Valuation Score. Amrep has a valuation score of 57, which is 24 points higher than the real estate development industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Amrep's stock has gained 67.84% in the past year. It has overperformed other stocks in the real estate development industry by 84 percentage points.

American Realty Investors (NYSE:ARL) is the third most undervalued real estate development stock based on WallStreetZen's Valuation Score. American Realty Investors has a valuation score of 57, which is 24 points higher than the real estate development industry average of 33. It passed 4 out of 7 valuation due diligence checks.

American Realty Investors's stock has dropped -29.23% in the past year. It has underperformed other stocks in the real estate development industry by -13 percentage points.

Real estate development stocks were down -0.14% in the last day, and down -1.39% over the last week.

We couldn't find a catalyst for why real estate development stocks are down.