Sectors & IndustriesReal EstateReal Estate - Development

Best Real Estate Development Stocks to Buy Now (2024)

Top real estate development stocks in 2024 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:

Five Point Holdings (NYSE:FPH) is the top real estate development stock with a Zen Score of 42, which is 21 points higher than the real estate development industry average of 21. It passed 13 out of 33 due diligence checks and has strong fundamentals. Five Point Holdings has seen its stock return 35.96% over the past year, overperforming other real estate development stocks by 45 percentage points.

Vesta Real Estate Corporation Sab De Cv (NYSE:VTMX) is the second best real estate development stock with a Zen Score of 39, which is 18 points higher than the real estate development industry average of 21. It passed 12 out of 33 due diligence checks and has average fundamentals.

Vesta Real Estate Corporation Sab De Cv has an average 1 year price target of $42.00, an upside of 19.66% from Vesta Real Estate Corporation Sab De Cv's current stock price of $35.10.

Vesta Real Estate Corporation Sab De Cv stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Vesta Real Estate Corporation Sab De Cv, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Forestar Group (NYSE:FOR) is the third best real estate development stock with a Zen Score of 36, which is 15 points higher than the real estate development industry average of 21. It passed 11 out of 33 due diligence checks and has average fundamentals. Forestar Group has seen its stock return 100.51% over the past year, overperforming other real estate development stocks by 110 percentage points.

Forestar Group has an average 1 year price target of $33.50, an upside of 7.03% from Forestar Group's current stock price of $31.30.

Forestar Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Forestar Group, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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

Five Point Holdings (NYSE:FPH) is the most undervalued real estate development stock based on WallStreetZen's Valuation Score. Five Point Holdings has a valuation score of 71, which is 44 points higher than the real estate development industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Five Point Holdings's stock has gained 35.96% in the past year. It has overperformed other stocks in the real estate development industry by 45 percentage points.

Forestar Group (NYSE:FOR) is the second most undervalued real estate development stock based on WallStreetZen's Valuation Score. Forestar Group has a valuation score of 71, which is 44 points higher than the real estate development industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Forestar Group's stock has gained 100.51% in the past year. It has overperformed other stocks in the real estate development industry by 110 percentage points.

Landsea Homes (NASDAQ:LSEA) is the third most undervalued real estate development stock based on WallStreetZen's Valuation Score. Landsea Homes has a valuation score of 57, which is 30 points higher than the real estate development industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Landsea Homes's stock has gained 78.54% in the past year. It has overperformed other stocks in the real estate development industry by 88 percentage points.

Real estate development stocks were down -2.9% in the last day, and down -6.19% over the last week. Forestar Group was the among the top losers in the real estate - development industry, dropping -8.37% yesterday.

Forestar Group shares are trading lower. The company reported Q2 2024 financial results.