Sectors & IndustriesReal EstateREIT - Diversified

Best Diversified REIT Stocks to Buy Now (2024)

Top diversified reit stocks in 2024 ranked by overall Zen Score. See the best diversified reit stocks to buy now, according to analyst forecasts for the reit - diversified industry.

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

Vici Properties (NYSE:VICI) is the top diversified reit stock with a Zen Score of 40, which is 21 points higher than the diversified reit industry average of 19. It passed 14 out of 38 due diligence checks and has average fundamentals. Vici Properties has seen its stock return 14.36% over the past year, underperforming other diversified reit stocks by -6 percentage points.

Vici Properties has an average 1 year price target of $34.40, an upside of 6.11% from Vici Properties's current stock price of $32.42.

Vici Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Vici Properties, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Essential Properties Realty Trust (NYSE:EPRT) is the second best diversified reit stock with a Zen Score of 34, which is 15 points higher than the diversified reit industry average of 19. It passed 13 out of 38 due diligence checks and has average fundamentals. Essential Properties Realty Trust has seen its stock return 52.47% over the past year, overperforming other diversified reit stocks by 32 percentage points.

Essential Properties Realty Trust has an average 1 year price target of $33.75, an upside of 4.17% from Essential Properties Realty Trust's current stock price of $32.40.

Essential Properties Realty Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Essential Properties Realty Trust, 63.64% have issued a Strong Buy rating, 18.18% have issued a Buy, 18.18% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

One Liberty Properties (NYSE:OLP) is the third best diversified reit stock with a Zen Score of 33, which is 14 points higher than the diversified reit industry average of 19. It passed 11 out of 38 due diligence checks and has average fundamentals. One Liberty Properties has seen its stock return 50.47% over the past year, overperforming other diversified reit stocks by 30 percentage points.

One Liberty Properties has an average 1 year price target of $28.00, an upside of 3.78% from One Liberty Properties's current stock price of $26.98.

One Liberty Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering One Liberty Properties, 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.

Out of 12 diversified reit stocks that have issued dividends in the past year, the 3 diversified reit stocks with the highest dividend yields are:

Global Net Lease (NYSE:GNL) has an annual dividend yield of 15.03%, which is 10 percentage points higher than the diversified reit industry average of 5.32%. Global Net Lease's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Global Net Lease's dividend has shown consistent growth over the last 10 years.

Global Net Lease's dividend payout ratio of -81.2% indicates that its high dividend yield might not be sustainable for the long-term.

Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 13.79%, which is 8 percentage points higher than the diversified reit industry average of 5.32%. Brightspire Capital's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Brightspire Capital's dividend has shown consistent growth over the last 10 years.

Brightspire Capital's dividend payout ratio of -79.2% indicates that its high dividend yield might not be sustainable for the long-term.

W P Carey (NYSE:WPC) has an annual dividend yield of 7.65%, which is 2 percentage points higher than the diversified reit industry average of 5.32%. W P Carey's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. W P Carey's dividend has not shown consistent growth over the last 10 years.

W P Carey's dividend payout ratio of 184.8% indicates that its high dividend yield might not be sustainable for the long-term.

Diversified reit stocks were down -0.36% in the last day, and down -2.67% over the last week.

We couldn't find a catalyst for why diversified reit stocks are down.

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

Cto Realty Growth (NYSE:CTO) is the most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Cto Realty Growth has a valuation score of 43, which is 27 points higher than the diversified reit industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Cto Realty Growth's stock has gained 18.14% in the past year. It has underperformed other stocks in the diversified reit industry by -2 percentage points.

Broadstone Net Lease (NYSE:BNL) is the second most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Broadstone Net Lease has a valuation score of 29, which is 13 points higher than the diversified reit industry average of 16. It passed 2 out of 7 valuation due diligence checks.

Broadstone Net Lease's stock has gained 27.42% in the past year. It has overperformed other stocks in the diversified reit industry by 7 percentage points.

W P Carey (NYSE:WPC) is the third most undervalued diversified reit stock based on WallStreetZen's Valuation Score. W P Carey has a valuation score of 29, which is 13 points higher than the diversified reit industry average of 16. It passed 2 out of 7 valuation due diligence checks.

W P Carey's stock has gained 15.4% in the past year. It has underperformed other stocks in the diversified reit industry by -5 percentage points.