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:

American Assets Trust (NYSE:AAT) is the top diversified reit stock with a Zen Score of 42, which is 24 points higher than the diversified reit industry average of 18. It passed 15 out of 38 due diligence checks and has strong fundamentals. American Assets Trust has seen its stock return 21.05% over the past year, overperforming other diversified reit stocks by 28 percentage points.

American Assets Trust has an average 1 year price target of $22.00, an upside of 2.28% from American Assets Trust's current stock price of $21.51.

American Assets Trust stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering American Assets Trust, 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.

Essential Properties Realty Trust (NYSE:EPRT) is the second best diversified reit stock with a Zen Score of 37, which is 19 points higher than the diversified reit industry average of 18. It passed 14 out of 38 due diligence checks and has average fundamentals. Essential Properties Realty Trust has seen its stock return 8.38% over the past year, overperforming other diversified reit stocks by 15 percentage points.

Essential Properties Realty Trust has an average 1 year price target of $28.29, an upside of 5.11% from Essential Properties Realty Trust's current stock price of $26.91.

Essential Properties Realty Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Essential Properties Realty Trust, 71.43% have issued a Strong Buy rating, 28.57% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Vici Properties (NYSE:VICI) is the third best diversified reit stock with a Zen Score of 36, which is 18 points higher than the diversified reit industry average of 18. It passed 12 out of 38 due diligence checks and has average fundamentals. Vici Properties has seen its stock lose -10.34% over the past year, underperforming other diversified reit stocks by -4 percentage points.

Vici Properties has an average 1 year price target of $32.71, an upside of 13.59% from Vici Properties's current stock price of $28.80.

Vici Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vici Properties, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% 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 19.32%, which is 13 percentage points higher than the diversified reit industry average of 6.46%. 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 -88.2% indicates that its high dividend yield might not be sustainable for the long-term.

Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 13.29%, which is 7 percentage points higher than the diversified reit industry average of 6.46%. 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 -148.1% indicates that its high dividend yield might not be sustainable for the long-term.

Gladstone Commercial (NASDAQ:GOOD) has an annual dividend yield of 8.85%, which is 2 percentage points higher than the diversified reit industry average of 6.46%. Gladstone Commercial's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Gladstone Commercial's dividend has not shown consistent growth over the last 10 years.

Gladstone Commercial's dividend payout ratio of -631.6% indicates that its high dividend yield might not be sustainable for the long-term.

Diversified reit stocks were up 0.07% in the last day, and up 1.89% over the last week.

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

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

Presidio Property Trust (NASDAQ:SQFT) is the most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Presidio Property Trust has a valuation score of 71, which is 50 points higher than the diversified reit industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Presidio Property Trust's stock has dropped -5.88% in the past year. It has overperformed other stocks in the diversified reit industry by 1 percentage points.

American Assets Trust (NYSE:AAT) is the second most undervalued diversified reit stock based on WallStreetZen's Valuation Score. American Assets Trust has a valuation score of 57, which is 36 points higher than the diversified reit industry average of 21. It passed 4 out of 7 valuation due diligence checks.

American Assets Trust's stock has gained 21.05% in the past year. It has overperformed other stocks in the diversified reit industry by 28 percentage points.

Cto Realty Growth (NYSE:CTO) is the third most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Cto Realty Growth has a valuation score of 57, which is 36 points higher than the diversified reit industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Cto Realty Growth's stock has gained 4.55% in the past year. It has overperformed other stocks in the diversified reit industry by 11 percentage points.