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:

Kilroy Realty (NYSE:KRC) is the top office reit stock with a Zen Score of 43, which is 23 points higher than the office reit industry average of 20. It passed 16 out of 38 due diligence checks and has strong fundamentals. Kilroy Realty has seen its stock return 8.54% over the past year, overperforming other office reit stocks by 3 percentage points.

Kilroy Realty has an average 1 year price target of $40.50, an upside of 23.97% from Kilroy Realty's current stock price of $32.67.

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.

Highwoods Properties (NYSE:HIW) is the second 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 13 out of 38 due diligence checks and has average fundamentals. Highwoods Properties has seen its stock return 4.08% over the past year, underperforming other office reit stocks by -2 percentage points.

Highwoods Properties has an average 1 year price target of $24.80, an upside of 3.51% from Highwoods Properties's current stock price of $23.96.

Highwoods Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Highwoods Properties, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Cousins Properties (NYSE:CUZ) 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. Cousins Properties has seen its stock return 4.7% over the past year, underperforming other office reit stocks by -1 percentage points.

Cousins Properties has an average 1 year price target of $26.00, an upside of 17.97% from Cousins Properties's current stock price of $22.04.

Cousins Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Cousins Properties, 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.

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:

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 40.43%, which is 33 percentage points higher than the office reit industry average of 7.63%. 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.

Brandywine Realty Trust (NYSE:BDN) has an annual dividend yield of 15.09%, which is 7 percentage points higher than the office reit industry average of 7.63%. 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.

Creative Media & Community Trust (NASDAQ:CMCT) has an annual dividend yield of 10.24%, which is 3 percentage points higher than the office reit industry average of 7.63%. 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 -7.7% indicates that its high dividend yield might not be sustainable for the long-term.

Office reit stocks were up 0.15% in the last day, and down -5.44% 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:

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 8.54% in the past year. It has overperformed other stocks in the office reit industry by 3 percentage points.

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 4.08% in the past year. It has underperformed other stocks in the office reit industry by -2 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 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 4.7% in the past year. It has underperformed other stocks in the office reit industry by -1 percentage points.