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Best Office REIT Stocks to Buy Now (2024)
Top office reit stocks in 2024 ranked by overall Zen Score. See the best office reit stocks to buy now, according to analyst forecasts for the reit - office industry.

Industry: REIT - Office
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
KRC
KILROY REALTY CORP
43
71
0
44
40
60
DEA
EASTERLY GOVERNMENT PROPERTIES INC
39
43
0
44
30
80
ARE
ALEXANDRIA REAL ESTATE EQUITIES INC
39
14
14
56
30
80
HIW
HIGHWOODS PROPERTIES INC
38
57
0
33
20
80
CUZ
COUSINS PROPERTIES INC
38
57
0
44
30
60

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Office REIT Stocks FAQ

What are the best office reit stocks to buy right now in Mar 2024?

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

1. Kilroy Realty (NYSE:KRC)


Kilroy Realty (NYSE:KRC) is the top office reit stock with a Zen Score of 43, which is 22 points higher than the office reit industry average of 21. It passed 16 out of 38 due diligence checks and has strong fundamentals. Kilroy Realty has seen its stock return 21.17% over the past year, overperforming other office reit stocks by 2 percentage points.

Kilroy Realty has an average 1 year price target of $39.57, an upside of 9.55% from Kilroy Realty's current stock price of $36.12.

Kilroy Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Kilroy Realty, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Easterly Government Properties (NYSE:DEA)


Easterly Government Properties (NYSE:DEA) is the second best office reit stock with a Zen Score of 39, which is 18 points higher than the office reit industry average of 21. It passed 14 out of 38 due diligence checks and has average fundamentals. Easterly Government Properties has seen its stock lose -10.03% over the past year, underperforming other office reit stocks by -29 percentage points.

Easterly Government Properties has an average 1 year price target of $13.00, an upside of 14.14% from Easterly Government Properties's current stock price of $11.39.

Easterly Government Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Easterly Government Properties, 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.

3. Alexandria Real Estate Equities (NYSE:ARE)


Alexandria Real Estate Equities (NYSE:ARE) is the third best office reit stock with a Zen Score of 39, which is 18 points higher than the office reit industry average of 21. It passed 14 out of 38 due diligence checks and has average fundamentals. Alexandria Real Estate Equities has seen its stock return 7.52% over the past year, underperforming other office reit stocks by -11 percentage points.

Alexandria Real Estate Equities has an average 1 year price target of $136.67, an upside of 7.04% from Alexandria Real Estate Equities's current stock price of $127.68.

Alexandria Real Estate Equities stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Alexandria Real Estate Equities, 33.33% have issued a Strong Buy rating, 50% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the office reit stocks with highest dividends?

Out of 20 office reit stocks that have issued dividends in the past year, the 3 office reit stocks with the highest dividend yields are:

1. Office Properties Income Trust (NASDAQ:OPI)


Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 36.36%, which is 29 percentage points higher than the office reit industry average of 7.47%. Office Properties Income Trust's dividend payout is not stable, having dropped more than 10% four 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 -52.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Brandywine Realty Trust (NYSE:BDN)


Brandywine Realty Trust (NYSE:BDN) has an annual dividend yield of 14.62%, which is 7 percentage points higher than the office reit industry average of 7.47%. Brandywine Realty Trust's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Brandywine Realty Trust's dividend has not shown consistent growth over the last 10 years.

Brandywine Realty Trust's dividend payout ratio of -59.1% indicates that its high dividend yield might not be sustainable for the long-term.

3. City Office Reit (NYSE:CIO)


City Office Reit (NYSE:CIO) has an annual dividend yield of 9.94%, which is 2 percentage points higher than the office reit industry average of 7.47%. City Office Reit's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. City Office Reit's dividend has not shown consistent growth over the last 10 years.

City Office Reit's dividend payout ratio of -200% indicates that its high dividend yield might not be sustainable for the long-term.

Why are office reit stocks up?

Office reit stocks were up 3.06% in the last day, and up 0.43% over the last week. Sl Green Realty was the among the top gainers in the reit - office industry, gaining 6.04% yesterday.

SL Green Realty shares are trading higher after Barclays upgraded the stock from Underweight to Equal-Weight and raised its price target from $35 to $48.

What are the most undervalued office reit stocks?

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

1. Kilroy Realty (NYSE:KRC)


Kilroy Realty (NYSE:KRC) is the most undervalued office reit stock based on WallStreetZen's Valuation Score. Kilroy Realty has a valuation score of 71, which is 48 points higher than the office reit industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Kilroy Realty's stock has gained 21.17% in the past year. It has overperformed other stocks in the office reit industry by 2 percentage points.

2. Highwoods Properties (NYSE:HIW)


Highwoods Properties (NYSE:HIW) is the second most undervalued office reit stock based on WallStreetZen's Valuation Score. Highwoods Properties has a valuation score of 57, which is 34 points higher than the office reit industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Highwoods Properties's stock has gained 21.51% in the past year. It has overperformed other stocks in the office reit industry by 3 percentage points.

3. Cousins Properties (NYSE:CUZ)


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 57, which is 34 points higher than the office reit industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Cousins Properties's stock has gained 19.77% in the past year. It has overperformed other stocks in the office reit industry by 1 percentage points.

Are office reit stocks a good buy now?

40% of office reit stocks rated by analysts are a buy right now. On average, analysts expect office reit stocks to rise by 4.89% over the next year.

What is the average p/e ratio of the reit - office industry?

The average P/E ratio of the reit - office industry is 99.46x.
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