WallStreetZenWallStreetZen

Sectors & IndustriesReal EstateREIT - Diversified
Best Diversified REIT Stocks to Buy Now (2023)
Top diversified reit stocks in 2023 ranked by overall Zen Score. See the best diversified reit stocks to buy now, according to analyst forecasts for the reit - diversified industry.

Industry: REIT - Diversified
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
STAR
ISTAR INC
NYSE
REIT - Diversified
$789.81M$9.111.22%$533.84M1.23x1.09
SRC
SPIRIT REALTY CAPITAL INC
NYSE
REIT - Diversified
$5.99B$42.891.68%$651.30M22.57x0.85
EPRT
ESSENTIAL PROPERTIES REALTY TRUST INC
NYSE
REIT - Diversified
$3.53B$24.760.36%$250.05M25.27x0.54
SAFE
SAFEHOLD INC
NYSE
REIT - Diversified
$2.12B$34.150.00%$260.33M15.25x1.73
PINE
ALPINE INCOME PROPERTY TRUST INC
NYSE
REIT - Diversified
$240.45M$20.18-0.69%$62.83M6.86x1.27
AHH
ARMADA HOFFLER PROPERTIES INC
NYSE
REIT - Diversified
$846.62M$12.501.05%$158.17M15.63x1.96
BRSP
BRIGHTSPIRE CAPITAL INC
NYSE
REIT - Diversified
$963.37M$7.471.63%$193.80M7.95x3.12
AAT
AMERICAN ASSETS TRUST INC
NYSE
REIT - Diversified
$1.68B$27.761.76%$224.39M39.66x1.47
VICI
VICI PROPERTIES INC
NYSE
REIT - Diversified
$32.88B$34.140.47%$1.24B31.61x0.70
WPC
W P CAREY INC
NYSE
REIT - Diversified
$17.80B$85.550.49%$1.23B33.81x1.02
LXP
LXP INDUSTRIAL TRUST
NYSE
REIT - Diversified
$3.17B$11.490.26%$566.40M9.74x0.84
OLP
ONE LIBERTY PROPERTIES INC
NYSE
REIT - Diversified
$500.51M$23.751.32%$80.69M12.57x1.44
BNL
BROADSTONE NET LEASE INC
NYSE
REIT - Diversified
$3.08B$17.780.34%$329.45M25.04x0.79
ALEX
ALEXANDER & BALDWIN INC
NYSE
REIT - Diversified
$1.41B$19.471.09%$77.50M52.62x0.63
STOR
STORE CAPITAL CORP
NYSE
REIT - Diversified
$9.10B$32.200.16%$802.28M28.00x0.97
UE
URBAN EDGE PROPERTIES
NYSE
REIT - Diversified
$1.86B$15.801.48%$240.88M24.31x1.98
NREF
NEXPOINT REAL ESTATE FINANCE INC
NYSE
REIT - Diversified
$287.91M$19.221.16%$28.27M9.61x22.12
MDRR
MEDALIST DIVERSIFIED REIT INC
NASDAQ
REIT - Diversified
$17.23M$0.990.00%$4.00M-4.30x3.88
CLPR
CLIPPER REALTY INC
NYSE
REIT - Diversified
$111.48M$6.941.76%$61.32M-17.35x71.08
MDV
MODIV INC
NYSE
REIT - Diversified
$102.93M$13.753.77%$15.10M-10.50x1.36
CORR
CORENERGY INFRASTRUCTURE TRUST INC
NYSE
REIT - Diversified
$30.96M$2.04-4.23%$18.88M-1.30x2.06
GOOD
GLADSTONE COMMERCIAL CORP
NASDAQ
REIT - Diversified
$659.46M$16.650.91%$100.26M-416.25x3.82
GIPR
GENERATION INCOME PROPERTIES INC
NASDAQ
REIT - Diversified
$12.20M$4.89-4.08%-$337.94k-3.05x3.85
ESRT
EMPIRE STATE REALTY TRUST INC
NYSE
REIT - Diversified
$1.28B$7.956.00%$344.90M66.25x2.65
ESBA
EMPIRE STATE REALTY OP LP
NYSEARCA
REIT - Diversified
$223.08M$7.497.00%$357.84M68.09x1.52
SQFT
PRESIDIO PROPERTY TRUST INC
NASDAQ
REIT - Diversified
$12.60M$1.03-2.37%$6.38M-1.63x2.34
DBRG
DIGITALBRIDGE GROUP INC
NYSE
REIT - Diversified
$2.16B$13.500.90%$454.15M-5.29x4.25
RTL
NECESSITY RETAIL REIT INC
NASDAQ
REIT - Diversified
$900.65M$6.710.75%$121.38M-7.46x1.85

Diversified REIT Stocks FAQ

What are the best diversified reit stocks to buy right now in Jan 2023?

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

1. Istar (NYSE:STAR)


Istar (NYSE:STAR) is the top diversified reit stock with a Zen Score of 53, which is 24 points higher than the diversified reit industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. Istar has seen its stock lose -55.99% over the past year, underperforming other diversified reit stocks by -43 percentage points.

Istar has an average 1 year price target of $21.00, an upside of 130.52% from Istar's current stock price of $9.11.

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

2. Spirit Realty Capital (NYSE:SRC)


Spirit Realty Capital (NYSE:SRC) is the second best diversified reit stock with a Zen Score of 53, which is 24 points higher than the diversified reit industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Spirit Realty Capital has seen its stock lose -5.57% over the past year, overperforming other diversified reit stocks by 8 percentage points.

Spirit Realty Capital has an average 1 year price target of $43.78, an upside of 2.07% from Spirit Realty Capital's current stock price of $42.89.

Spirit Realty Capital stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Spirit Realty Capital, 11.11% have issued a Strong Buy rating, 22.22% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Essential Properties Realty Trust (NYSE:EPRT)


Essential Properties Realty Trust (NYSE:EPRT) is the third best diversified reit stock with a Zen Score of 45, which is 16 points higher than the diversified reit industry average of 29. It passed 17 out of 38 due diligence checks and has strong fundamentals. Essential Properties Realty Trust has seen its stock lose -0.6% over the past year, overperforming other diversified reit stocks by 13 percentage points.

Essential Properties Realty Trust has an average 1 year price target of $24.50, a downside of -1.05% from Essential Properties Realty Trust's current stock price of $24.76.

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

What are the diversified reit stocks with highest dividends?

Out of 26 diversified reit stocks that have issued dividends in the past year, the 3 diversified reit stocks with the highest dividend yields are:

1. Istar (NYSE:STAR)


Istar (NYSE:STAR) has an annual dividend yield of 28.75%, which is 22 percentage points higher than the diversified reit industry average of 6.9%. Istar's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Istar's dividend has shown consistent growth over the last 10 years.

Istar's dividend payout ratio of 6.8% indicates that its high dividend yield is sustainable for the long-term.

2. Brightspire Capital (NYSE:BRSP)


Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 10.58%, which is 4 percentage points higher than the diversified reit industry average of 6.9%. Brightspire Capital's dividend payout is not stable, having dropped more than 10% one 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 81.9% indicates that its high dividend yield is sustainable for the long-term.

3. Nexpoint Real Estate Finance (NYSE:NREF)


Nexpoint Real Estate Finance (NYSE:NREF) has an annual dividend yield of 10.41%, which is 4 percentage points higher than the diversified reit industry average of 6.9%.

Nexpoint Real Estate Finance's dividend payout ratio of 98.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are diversified reit stocks up?

Diversified reit stocks were up 0.92% in the last day, and up 2.82% over the last week.

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

What are the most undervalued diversified reit stocks?

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

1. Brightspire Capital (NYSE:BRSP)


Brightspire Capital (NYSE:BRSP) is the most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Brightspire Capital has a valuation score of 71, which is 40 points higher than the diversified reit industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Brightspire Capital's stock has dropped -18.36% in the past year. It has underperformed other stocks in the diversified reit industry by -5 percentage points.

2. Spirit Realty Capital (NYSE:SRC)


Spirit Realty Capital (NYSE:SRC) is the second most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Spirit Realty Capital has a valuation score of 71, which is 40 points higher than the diversified reit industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Spirit Realty Capital's stock has dropped -5.57% in the past year. It has overperformed other stocks in the diversified reit industry by 8 percentage points.

3. Istar (NYSE:STAR)


Istar (NYSE:STAR) is the third most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Istar has a valuation score of 71, which is 40 points higher than the diversified reit industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Istar's stock has dropped -55.99% in the past year. It has underperformed other stocks in the diversified reit industry by -43 percentage points.

Are diversified reit stocks a good buy now?

44.44% of diversified reit stocks rated by analysts are a buy right now. On average, analysts expect diversified reit stocks to rise by 18.84% over the next year.

What is the average p/e ratio of the reit - diversified industry?

The average P/E ratio of the reit - diversified industry is 24.9x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.