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:

Cto Realty Growth (NYSE:CTO) is the top diversified reit stock with a Zen Score of 41, which is 23 points higher than the diversified reit industry average of 18. It passed 15 out of 38 due diligence checks and has strong fundamentals. Cto Realty Growth has seen its stock return 17.7% over the past year, underperforming other diversified reit stocks by -2 percentage points.

Cto Realty Growth has an average 1 year price target of $21.25, an upside of 10.22% from Cto Realty Growth's current stock price of $19.28.

Cto Realty Growth stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Cto Realty Growth, 50% have issued a Strong Buy rating, 50% 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 second best diversified reit stock with a Zen Score of 38, which is 20 points higher than the diversified reit industry average of 18. It passed 13 out of 38 due diligence checks and has average fundamentals. Vici Properties has seen its stock return 11.94% over the past year, underperforming other diversified reit stocks by -8 percentage points.

Vici Properties has an average 1 year price target of $34.40, an upside of 4.81% from Vici Properties's current stock price of $32.82.

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 third best diversified reit stock with a Zen Score of 34, which is 16 points higher than the diversified reit industry average of 18. It passed 13 out of 38 due diligence checks and has average fundamentals. Essential Properties Realty Trust has seen its stock return 55.19% over the past year, overperforming other diversified reit stocks by 35 percentage points.

Essential Properties Realty Trust has an average 1 year price target of $33.93, an upside of 1.32% from Essential Properties Realty Trust's current stock price of $33.49.

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.

Out of 13 diversified reit stocks that have issued dividends in the past year, the 3 diversified reit stocks with the highest dividend yields are:

Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 14.1%, which is 9 percentage points higher than the diversified reit industry average of 5.01%. 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.

Global Net Lease (NYSE:GNL) has an annual dividend yield of 13.87%, which is 9 percentage points higher than the diversified reit industry average of 5.01%. 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.

W P Carey (NYSE:WPC) has an annual dividend yield of 7.74%, which is 3 percentage points higher than the diversified reit industry average of 5.01%. 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 up 1.01% in the last day, and up 1.68% 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:

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 28 points higher than the diversified reit industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Cto Realty Growth's stock has gained 17.7% 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 14 points higher than the diversified reit industry average of 15. It passed 2 out of 7 valuation due diligence checks.

Broadstone Net Lease's stock has gained 26.83% 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 14 points higher than the diversified reit industry average of 15. It passed 2 out of 7 valuation due diligence checks.

W P Carey's stock has gained 8.88% in the past year. It has underperformed other stocks in the diversified reit industry by -11 percentage points.