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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
AAT
AMERICAN ASSETS TRUST INC
$1.15B$18.96$21.0010.76%Hold1-4.31%176.19%12.55%5.06%
VICI
VICI PROPERTIES INC
$30.15B$29.75$36.1421.49%Buy7-11.40%-5.43%9.32%5.23%
WPC
W P CAREY INC
$12.12B$56.66$73.2929.34%Hold72.29%22.74%13.07%6.32%
SRC
SPIRIT REALTY CAPITAL INC
$4.92B$34.80$42.1421.10%Hold710.92%47.23%N/AN/A
EPRT
ESSENTIAL PROPERTIES REALTY TRUST INC
$3.48B$22.32$27.8124.61%Strong Buy415.63%17.22%N/AN/A
AHH
ARMADA HOFFLER PROPERTIES INC
$729.07M$10.73N/AN/AN/AN/A-35.09%34.74%13.98%3.57%
MDV
MODIV INDUSTRIAL INC
$112.57M$14.92$17.0013.94%Strong Buy1-1.01%741.18%7.27%2.05%
BNL
BROADSTONE NET LEASE INC
$2.74B$14.65N/AN/AN/AN/A6.88%20.98%N/AN/A
OLP
ONE LIBERTY PROPERTIES INC
$400.82M$18.81$23.5024.93%Buy2N/AN/A12.36%5.01%
GOOD
GLADSTONE COMMERCIAL CORP
$491.39M$12.31$15.0021.85%Strong Buy24.18%N/A35.93%5.54%
GNL
GLOBAL NET LEASE INC
$1.02B$9.80$15.0053.06%Strong Buy27.88%N/A13.76%4.59%
ESRT
EMPIRE STATE REALTY TRUST INC
$1.27B$7.89$8.679.85%Hold3N/AN/A14.34%3.31%
BRSP
BRIGHTSPIRE CAPITAL INC
$860.50M$6.62$9.5043.50%Buy1N/AN/A9.94%3.01%
SAFE
SAFEHOLD INC
$1.18B$18.49$32.2074.15%Strong Buy5N/AN/A-3.34%-1.15%
CTO
CTO REALTY GROWTH INC
$364.08M$16.04$21.2532.48%Strong Buy4-3.53%N/A9.38%4.23%
SQFT
PRESIDIO PROPERTY TRUST INC
$10.00M$0.76N/AN/AN/AN/AN/AN/AN/AN/A
MDRR
MEDALIST DIVERSIFIED REIT INC
$11.74M$5.29$9.0070.13%Strong Buy1N/AN/AN/AN/A
GIPR
GENERATION INCOME PROPERTIES INC
$10.40M$3.98$6.0050.94%Strong Buy1N/AN/AN/AN/A
PKST
PEAKSTONE REALTY TRUST
$636.09M$17.68$24.5038.57%Sell2N/AN/AN/AN/A

Diversified REIT Stocks FAQ

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

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

1. American Assets Trust (NYSE:AAT)


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.

2. Vici Properties (NYSE:VICI)


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.

3. W P Carey (NYSE:WPC)


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.

What are the diversified reit stocks with highest dividends?

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:

1. Safehold (NYSE:SAFE)


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.

2. Global Net Lease (NYSE:GNL)


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.

3. Brightspire Capital (NYSE:BRSP)


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.

Why are diversified reit stocks down?

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.

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. Modiv Industrial (NYSE:MDV)


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.

2. American Assets Trust (NYSE:AAT)


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.

3. Spirit Realty Capital (NYSE:SRC)


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.

Are diversified reit stocks a good buy now?

50% of diversified reit stocks rated by analysts are a strong buy right now. On average, analysts expect diversified reit stocks to rise by 29.79% 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 12.76x.
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.