Sectors & IndustriesReal EstateReal Estate - Diversified

Best Diversified Real Estate Stocks to Buy Now (2023)

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

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

Comstock Holding Companies (NASDAQ:CHCI) is the top diversified real estate stock with a Zen Score of 51, which is 25 points higher than the diversified real estate industry average of 26. It passed 16 out of 33 due diligence checks and has strong fundamentals. Comstock Holding Companies has seen its stock lose -11.52% over the past year, overperforming other diversified real estate stocks by 21 percentage points.

Stratus Properties (NASDAQ:STRS) is the second best diversified real estate stock with a Zen Score of 37, which is 11 points higher than the diversified real estate industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. Stratus Properties has seen its stock lose -55.21% over the past year, underperforming other diversified real estate stocks by -23 percentage points.

St Joe Co (NYSE:JOE) is the third best diversified real estate stock with a Zen Score of 25, which is -1 points lower than the diversified real estate industry average of 26. It passed 9 out of 38 due diligence checks and has weak fundamentals. St Joe Co has seen its stock lose -33.71% over the past year, underperforming other diversified real estate stocks by -1 percentage points.

Out of 2 diversified real estate stocks that have issued dividends in the past year, the 2 diversified real estate stocks with the highest dividend yields are:

New England Realty Associates LP (NYSEMKT:NEN) has an annual dividend yield of 3.56%, which is 1 percentage points higher than the diversified real estate industry average of 2.29%. New England Realty Associates LP's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. New England Realty Associates LP's dividend has shown consistent growth over the last 10 years.

New England Realty Associates LP's dividend payout ratio of 247.8% indicates that its dividend yield might not be sustainable for the long-term.

St Joe Co (NYSE:JOE) has an annual dividend yield of 1.01%, which is -1 percentage points lower than the diversified real estate industry average of 2.29%. St Joe Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. St Joe Co's dividend has shown consistent growth over the last 10 years.

St Joe Co's dividend payout ratio of 33.1% indicates that its dividend yield is sustainable for the long-term.

Diversified real estate stocks were up 0.67% in the last day, and down -0.02% over the last week.

We couldn't find a catalyst for why diversified real estate stocks are up.

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

Stratus Properties (NASDAQ:STRS) is the most undervalued diversified real estate stock based on WallStreetZen's Valuation Score. Stratus Properties has a valuation score of 100, which is 61 points higher than the diversified real estate industry average of 39. It passed 7 out of 7 valuation due diligence checks.

Stratus Properties's stock has dropped -55.21% in the past year. It has underperformed other stocks in the diversified real estate industry by -23 percentage points.

Comstock Holding Companies (NASDAQ:CHCI) is the second most undervalued diversified real estate stock based on WallStreetZen's Valuation Score. Comstock Holding Companies has a valuation score of 71, which is 32 points higher than the diversified real estate industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Comstock Holding Companies's stock has dropped -11.52% in the past year. It has overperformed other stocks in the diversified real estate industry by 21 percentage points.

Howard Hughes (NYSE:HHC) is the third most undervalued diversified real estate stock based on WallStreetZen's Valuation Score. Howard Hughes has a valuation score of 43, which is 4 points higher than the diversified real estate industry average of 39. It passed 3 out of 7 valuation due diligence checks.

Howard Hughes's stock has dropped -22.86% in the past year. It has overperformed other stocks in the diversified real estate industry by 10 percentage points.