Sectors & IndustriesReal EstateREIT - Diversified

Best Diversified REIT Stocks to Buy Now (2024)

Top diversified reit stocks in 2024 ranked by overall Due Diligence Score. See the best diversified reit stocks to buy now, according to analyst forecasts for the reit - diversified industry.

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

VICI Properties (NYSE:VICI) is the top diversified reit stock with a Due Diligence Score of 41, which is 18 points higher than the diversified reit industry average of 23. It passed 14 out of 38 due diligence checks and has strong fundamentals. VICI Properties has seen its stock return 4.66% over the past year.

VICI Properties has an average 1 year price target of $34.80, an upside of 9.95% from VICI Properties's current stock price of $31.65.

VICI Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering VICI Properties, 20% have issued a Strong Buy rating, 60% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cto Realty Growth (NYSE:CTO) is the second best diversified reit stock with a Due Diligence Score of 41, which is 18 points higher than the diversified reit industry average of 23. It passed 15 out of 38 due diligence checks and has strong fundamentals. Cto Realty Growth has seen its stock return 17.07% over the past year, overperforming other diversified reit stocks by 13 percentage points.

Cto Realty Growth has an average 1 year price target of $23.00, an upside of 12.52% from Cto Realty Growth's current stock price of $20.44.

Cto Realty Growth stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Cto Realty Growth, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% 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 Due Diligence Score of 36, which is 13 points higher than the diversified reit industry average of 23. It passed 14 out of 38 due diligence checks and has average fundamentals. Essential Properties Realty Trust has seen its stock return 33.29% over the past year, overperforming other diversified reit stocks by 29 percentage points.

Essential Properties Realty Trust has an average 1 year price target of $34.94, an upside of 6.94% from Essential Properties Realty Trust's current stock price of $32.67.

Essential Properties Realty Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Essential Properties Realty Trust, 58.33% have issued a Strong Buy rating, 25% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 17 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 16.51%, which is 12 percentage points higher than the diversified reit industry average of 4.93%. 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 -153.1% indicates that its high dividend yield might not be sustainable for the long-term.

Brightspire Capital (NYSE:BRSP) has an annual dividend yield of 12.03%, which is 7 percentage points higher than the diversified reit industry average of 4.93%. 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 -75.2% indicates that its high dividend yield might not be sustainable for the long-term.

Armada Hoffler Properties (NYSE:AHH) has an annual dividend yield of 7.45%, which is 3 percentage points higher than the diversified reit industry average of 4.93%. Armada Hoffler Properties's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Armada Hoffler Properties's dividend has shown consistent growth over the last 10 years.

Armada Hoffler Properties's dividend payout ratio of -385.7% indicates that its high dividend yield might not be sustainable for the long-term.

Diversified reit stocks were down -0.23% in the last day, and down -2.07% over the last week. Presidio Property Trust was the among the top losers in the reit - diversified industry, dropping -0.74% yesterday.

Presidio Property Trust shares are trading higher after the company announced it was granted an additional 180-day period to regain compliance.

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

Broadstone Net Lease (NYSE:BNL) is the most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Broadstone Net Lease has a valuation score of 43, which is 24 points higher than the diversified reit industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Broadstone Net Lease's stock has gained 3.67% in the past year. It has performed in line with other stocks in the diversified reit industry.

Safehold (NYSE:SAFE) is the second most undervalued diversified reit stock based on WallStreetZen's Valuation Score. Safehold has a valuation score of 43, which is 24 points higher than the diversified reit industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Safehold's stock has dropped -1.93% in the past year. It has underperformed other stocks in the diversified reit industry by -6 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 10 points higher than the diversified reit industry average of 19. It passed 2 out of 7 valuation due diligence checks.

W P Carey's stock has dropped -12.97% in the past year. It has underperformed other stocks in the diversified reit industry by -17 percentage points.