Sectors & IndustriesReal EstateREIT - Office

Best Office REIT Stocks to Buy Now (2023)

Top office reit stocks in 2023 ranked by overall Zen Score. See the best office reit stocks to buy now, according to analyst forecasts for the reit - office industry.

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

Boston Properties (NYSE:BXP) is the top office reit stock with a Zen Score of 40, which is 18 points higher than the office reit industry average of 22. It passed 14 out of 38 due diligence checks and has average fundamentals. Boston Properties has seen its stock lose -61.2% over the past year, underperforming other office reit stocks by -7 percentage points.

Boston Properties has an average 1 year price target of $70.56, an upside of 40.16% from Boston Properties's current stock price of $50.34.

Boston Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Boston Properties, 18.18% have issued a Strong Buy rating, 9.09% have issued a Buy, 72.73% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Corporate Office Properties Trust (NYSE:OFC) is the second best office reit stock with a Zen Score of 36, which is 14 points higher than the office reit industry average of 22. It passed 13 out of 38 due diligence checks and has average fundamentals. Corporate Office Properties Trust has seen its stock lose -22.49% over the past year, overperforming other office reit stocks by 32 percentage points.

Corporate Office Properties Trust has an average 1 year price target of $27.00, an upside of 20.16% from Corporate Office Properties Trust's current stock price of $22.47.

Corporate Office Properties Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Corporate Office Properties Trust, 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.

Piedmont Office Realty Trust (NYSE:PDM) is the third best office reit stock with a Zen Score of 36, which is 14 points higher than the office reit industry average of 22. It passed 12 out of 38 due diligence checks and has average fundamentals. Piedmont Office Realty Trust has seen its stock lose -60.48% over the past year, underperforming other office reit stocks by -6 percentage points.

Piedmont Office Realty Trust has an average 1 year price target of $14.00, an upside of 106.79% from Piedmont Office Realty Trust's current stock price of $6.77.

Piedmont Office Realty Trust stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Piedmont Office Realty 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.

Out of 24 office reit stocks that have issued dividends in the past year, the 3 office reit stocks with the highest dividend yields are:

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 19.42%, which is 10 percentage points higher than the office reit industry average of 9.39%. Office Properties Income Trust's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Office Properties Income Trust's dividend has not shown consistent growth over the last 10 years.

Office Properties Income Trust's dividend payout ratio of -1,571.4% indicates that its high dividend yield might not be sustainable for the long-term.

Sl Green Realty (NYSE:SLG) has an annual dividend yield of 17.77%, which is 8 percentage points higher than the office reit industry average of 9.39%. Sl Green Realty's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sl Green Realty's dividend has not shown consistent growth over the last 10 years.

Sl Green Realty's dividend payout ratio of -245% indicates that its high dividend yield might not be sustainable for the long-term.

Brandywine Realty Trust (NYSE:BDN) has an annual dividend yield of 17.63%, which is 8 percentage points higher than the office reit industry average of 9.39%. Brandywine Realty Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Brandywine Realty Trust's dividend has shown consistent growth over the last 10 years.

Brandywine Realty Trust's dividend payout ratio of 245.2% indicates that its high dividend yield might not be sustainable for the long-term.

Office reit stocks were up 0.46% in the last day, and down -3.66% over the last week.

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

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

Boston Properties (NYSE:BXP) is the most undervalued office reit stock based on WallStreetZen's Valuation Score. Boston Properties has a valuation score of 57, which is 33 points higher than the office reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Boston Properties's stock has dropped -61.2% in the past year. It has underperformed other stocks in the office reit industry by -7 percentage points.

Piedmont Office Realty Trust (NYSE:PDM) is the second most undervalued office reit stock based on WallStreetZen's Valuation Score. Piedmont Office Realty Trust has a valuation score of 57, which is 33 points higher than the office reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Piedmont Office Realty Trust's stock has dropped -60.48% in the past year. It has underperformed other stocks in the office reit industry by -6 percentage points.

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

Cousins Properties's stock has dropped -51.12% in the past year. It has overperformed other stocks in the office reit industry by 3 percentage points.