Sectors & IndustriesReal EstateREIT - Office

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.

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

Office Properties Income Trust (NASDAQ:OPI) is the top office reit stock with a Zen Score of 40, which is 20 points higher than the office reit industry average of 20. It passed 15 out of 38 due diligence checks and has average fundamentals. Office Properties Income Trust has seen its stock lose -63.97% over the past year, underperforming other office reit stocks by -77 percentage points.

Office Properties Income Trust has an average 1 year price target of $4.30, an upside of 100.93% from Office Properties Income Trust's current stock price of $2.14.

Office Properties Income Trust stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Office Properties Income Trust, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

Easterly Government Properties (NYSE:DEA) is the second best office reit stock with a Zen Score of 39, which is 19 points higher than the office reit industry average of 20. It passed 14 out of 38 due diligence checks and has average fundamentals. Easterly Government Properties has seen its stock return 4.08% over the past year, underperforming other office reit stocks by -9 percentage points.

Easterly Government Properties has an average 1 year price target of $14.00, an upside of 5.42% from Easterly Government Properties's current stock price of $13.28.

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.

Kilroy Realty (NYSE:KRC) is the third best office reit stock with a Zen Score of 38, which is 18 points higher than the office reit industry average of 20. It passed 14 out of 38 due diligence checks and has average fundamentals. Kilroy Realty has seen its stock lose -5.27% over the past year, underperforming other office reit stocks by -18 percentage points.

Kilroy Realty has an average 1 year price target of $38.00, an upside of 10.02% from Kilroy Realty's current stock price of $34.54.

Kilroy Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Kilroy Realty, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Creative Media & Community Trust (NASDAQ:CMCT) has an annual dividend yield of 17.89%, which is 12 percentage points higher than the office reit industry average of 5.8%. Creative Media & Community Trust's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Creative Media & Community Trust's dividend has not shown consistent growth over the last 10 years.

Creative Media & Community Trust's dividend payout ratio of -12.6% indicates that its high dividend yield might not be sustainable for the long-term.

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 13.08%, which is 7 percentage points higher than the office reit industry average of 5.8%. 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 103.7% 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 11.95%, which is 6 percentage points higher than the office reit industry average of 5.8%. 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 -61.2% indicates that its high dividend yield might not be sustainable for the long-term.

Office reit stocks were up 0.24% in the last day, and down -0.8% 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:

Office Properties Income Trust (NASDAQ:OPI) is the most undervalued office reit stock based on WallStreetZen's Valuation Score. Office Properties Income Trust has a valuation score of 71, which is 53 points higher than the office reit industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Office Properties Income Trust's stock has dropped -63.97% in the past year. It has underperformed other stocks in the office reit industry by -77 percentage points.

Kilroy Realty (NYSE:KRC) is the second most undervalued office reit stock based on WallStreetZen's Valuation Score. Kilroy Realty has a valuation score of 57, which is 39 points higher than the office reit industry average of 18. It passed 4 out of 7 valuation due diligence checks.

Kilroy Realty's stock has dropped -5.27% in the past year. It has underperformed other stocks in the office reit industry by -18 percentage points.

Highwoods Properties (NYSE:HIW) is the third most undervalued office reit stock based on WallStreetZen's Valuation Score. Highwoods Properties has a valuation score of 43, which is 25 points higher than the office reit industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Highwoods Properties's stock has gained 36.06% in the past year. It has overperformed other stocks in the office reit industry by 23 percentage points.