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.

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 46, which is 24 points higher than the diversified reit industry average of 22. It passed 17 out of 38 due diligence checks and has strong fundamentals. American Assets Trust has seen its stock lose -23.08% over the past year, underperforming other diversified reit stocks by -2 percentage points.

American Assets Trust has an average 1 year price target of $21.00, an upside of 10.76% from American Assets Trust's current stock price of $18.96.

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.

Vici Properties (NYSE:VICI) is the second best diversified reit stock with a Zen Score of 40, which is 18 points higher than the diversified reit industry average of 22. It passed 14 out of 38 due diligence checks and has average fundamentals. Vici Properties has seen its stock lose -2.43% over the past year, overperforming other diversified reit stocks by 19 percentage points.

Vici Properties has an average 1 year price target of $36.14, an upside of 21.49% from Vici Properties's current stock price of $29.75.

Vici Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vici Properties, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

W P Carey (NYSE:WPC) is the third best diversified reit stock with a Zen Score of 39, which is 17 points higher than the diversified reit industry average of 22. It passed 15 out of 38 due diligence checks and has average fundamentals. W P Carey has seen its stock lose -24.21% over the past year, underperforming other diversified reit stocks by -3 percentage points.

W P Carey has an average 1 year price target of $73.29, an upside of 29.34% from W P Carey's current stock price of $56.66.

W P Carey stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering W P Carey, 0% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% have issued a hold, while 28.57% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 14 diversified reit stocks that have issued dividends in the past year, the 3 diversified reit stocks with the highest dividend yields are:

Safehold (NYSE:SAFE) has an annual dividend yield of 19.08%, which is 12 percentage points higher than the diversified reit industry average of 7.16%. Safehold's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Safehold's dividend has not shown consistent growth over the last 10 years.

Safehold's dividend payout ratio of -32% indicates that its high dividend yield might not be sustainable for the long-term.

Global Net Lease (NYSE:GNL) has an annual dividend yield of 16.33%, which is 9 percentage points higher than the diversified reit industry average of 7.16%. Global Net Lease's dividend payout is not stable, having dropped more than 10% two 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 -363.6% indicates that its high dividend yield might not be sustainable for the long-term.

Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 12.08%, which is 5 percentage points higher than the diversified reit industry average of 7.16%. 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 -363.6% indicates that its high dividend yield might not be sustainable for the long-term.

Diversified reit stocks were down -0.46% in the last day, and down -5.46% 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:

Modiv Industrial (NYSE:MDV) is the most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Modiv Industrial has a valuation score of 43, which is 26 points higher than the diversified reit industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Modiv Industrial's stock has dropped -1.84% in the past year. It has overperformed other stocks in the diversified reit industry by 20 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 43, which is 26 points higher than the diversified reit industry average of 17. It passed 3 out of 7 valuation due diligence checks.

American Assets Trust's stock has dropped -23.08% in the past year. It has underperformed other stocks in the diversified reit industry by -2 percentage points.

Spirit Realty Capital (NYSE:SRC) is the third most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Spirit Realty Capital has a valuation score of 43, which is 26 points higher than the diversified reit industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Spirit Realty Capital's stock has dropped -7.03% in the past year. It has overperformed other stocks in the diversified reit industry by 14 percentage points.