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Sectors & IndustriesReal EstateREIT - Residential
Best Residential REIT Stocks to Buy Now (2024)
Top residential reit stocks in 2024 ranked by overall Zen Score. See the best residential reit stocks to buy now, according to analyst forecasts for the reit - residential industry.

Industry: REIT - Residential
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
INVH
INVITATION HOMES INC
NYSE
REIT - Residential
$21.18B$34.61-0.75%$1.53B40.72x0.89
AMH
AMERICAN HOMES 4 RENT
NYSE
REIT - Residential
$13.21B$36.090.08%$976.92M35.73x0.72
CPT
CAMDEN PROPERTY TRUST
NYSE
REIT - Residential
$10.69B$99.94-0.85%$1.12B26.94x0.87
ELS
EQUITY LIFESTYLE PROPERTIES INC
NYSE
REIT - Residential
$11.48B$61.56-0.65%$645.16M36.43x2.88
NXRT
NEXPOINT RESIDENTIAL TRUST INC
NYSE
REIT - Residential
$836.39M$32.450.84%$206.56M18.76x3.25
EQR
EQUITY RESIDENTIAL
NYSE
REIT - Residential
$23.83B$62.79-0.27%$2.01B28.54x0.76
UDR
UDR INC
NYSE
REIT - Residential
$12.24B$37.17-0.13%$1.32B27.74x1.61
AVB
AVALONBAY COMMUNITIES INC
NYSE
REIT - Residential
$26.41B$185.95-0.08%$1.96B28.35x0.76
MAA
MID AMERICA APARTMENT COMMUNITIES INC
NYSE
REIT - Residential
$15.41B$131.99-0.72%$1.27B28.02x0.85
CSR
CENTERSPACE
NYSE
REIT - Residential
$913.16M$61.251.93%$180.93M26.29x1.38
UMH
UMH PROPERTIES INC
NYSE
REIT - Residential
$1.09B$15.670.97%$96.05M-104.47x1.02
ESS
ESSEX PROPERTY TRUST INC
NYSE
REIT - Residential
$15.68B$244.250.10%$1.17B38.65x1.24
BRT
BRT APARTMENTS CORP
NYSE
REIT - Residential
$321.11M$17.282.19%$54.57M108.00x2.11
SUI
SUN COMMUNITIES INC
NYSE
REIT - Residential
$15.26B$122.62-0.93%$746.10M-71.71x1.33
IRT
INDEPENDENCE REALTY TRUST INC
NYSE
REIT - Residential
$3.66B$16.27-0.18%$291.66M-203.38x0.79
CLPR
CLIPPER REALTY INC
NYSE
REIT - Residential
$70.84M$4.41-2.43%$67.79M-9.80x452.66
ELME
ELME COMMUNITIES
NYSE
REIT - Residential
$1.33B$15.132.02%$66.40M-24.80x0.65
AIRC
APARTMENT INCOME REIT CORP
NYSE
REIT - Residential
$5.57B$38.420.10%$1.11B8.96x1.49
BHM
BLUEROCK HOMES TRUST INC
NYSEMKT
REIT - Residential
$63.43M$16.35-2.39%$28.00M-12.58x1.31
VRE
VERIS RESIDENTIAL INC
NYSE
REIT - Residential
$1.36B$14.700.55%$76.12M-12.05x1.70
AIV
APARTMENT INVESTMENT & MANAGEMENT CO
NYSE
REIT - Residential
$1.19B$8.230.37%-$72.40M-7.09x4.28

Residential REIT Stocks FAQ

What are the best residential reit stocks to buy right now in Apr 2024?

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

1. Invitation Homes (NYSE:INVH)


Invitation Homes (NYSE:INVH) is the top residential reit stock with a Zen Score of 45, which is 18 points higher than the residential reit industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock return 8.43% over the past year, overperforming other residential reit stocks by 9 percentage points.

Invitation Homes has an average 1 year price target of $38.18, an upside of 10.32% from Invitation Homes's current stock price of $34.61.

Invitation Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Invitation Homes, 27.27% have issued a Strong Buy rating, 36.36% have issued a Buy, 36.36% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. American Homes 4 Rent (NYSE:AMH)


American Homes 4 Rent (NYSE:AMH) is the second best residential reit stock with a Zen Score of 44, which is 17 points higher than the residential reit industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. American Homes 4 Rent has seen its stock return 11.73% over the past year, overperforming other residential reit stocks by 12 percentage points.

American Homes 4 Rent has an average 1 year price target of $40.33, an upside of 11.76% from American Homes 4 Rent's current stock price of $36.09.

American Homes 4 Rent stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering American Homes 4 Rent, 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.

3. Camden Property Trust (NYSE:CPT)


Camden Property Trust (NYSE:CPT) is the third best residential reit stock with a Zen Score of 39, which is 12 points higher than the residential reit industry average of 27. It passed 15 out of 38 due diligence checks and has average fundamentals. Camden Property Trust has seen its stock lose -4.41% over the past year, underperforming other residential reit stocks by -4 percentage points.

Camden Property Trust has an average 1 year price target of $101.33, an upside of 1.39% from Camden Property Trust's current stock price of $99.94.

Camden Property Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Camden Property Trust, 41.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% have issued a hold, while 8.33% have issued a Sell rating, and 8.33% have issued a Strong Sell.

What are the residential reit stocks with highest dividends?

Out of 18 residential reit stocks that have issued dividends in the past year, the 3 residential reit stocks with the highest dividend yields are:

1. Clipper Realty (NYSE:CLPR)


Clipper Realty (NYSE:CLPR) has an annual dividend yield of 8.62%, which is 5 percentage points higher than the residential reit industry average of 4.09%. Clipper Realty's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Clipper Realty's dividend has shown consistent growth over the last 10 years.

Clipper Realty's dividend payout ratio of -84.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Brt Apartments (NYSE:BRT)


Brt Apartments (NYSE:BRT) has an annual dividend yield of 5.79%, which is 2 percentage points higher than the residential reit industry average of 4.09%. Brt Apartments's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Brt Apartments's dividend has shown consistent growth over the last 10 years.

Brt Apartments's dividend payout ratio of 625% indicates that its high dividend yield might not be sustainable for the long-term.

3. Nexpoint Residential Trust (NYSE:NXRT)


Nexpoint Residential Trust (NYSE:NXRT) has an annual dividend yield of 5.44%, which is 1 percentage points higher than the residential reit industry average of 4.09%. Nexpoint Residential Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nexpoint Residential Trust's dividend has shown consistent growth over the last 10 years.

Nexpoint Residential Trust's dividend payout ratio of 99.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are residential reit stocks down?

Residential reit stocks were down -0.15% in the last day, and up 3.43% over the last week.

We couldn't find a catalyst for why residential reit stocks are down.

What are the most undervalued residential reit stocks?

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

1. Camden Property Trust (NYSE:CPT)


Camden Property Trust (NYSE:CPT) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Camden Property Trust has a valuation score of 57, which is 32 points higher than the residential reit industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Camden Property Trust's stock has dropped -4.41% in the past year. It has underperformed other stocks in the residential reit industry by -4 percentage points.

2. Centerspace (NYSE:CSR)


Centerspace (NYSE:CSR) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Centerspace has a valuation score of 57, which is 32 points higher than the residential reit industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Centerspace's stock has gained 11.77% in the past year. It has overperformed other stocks in the residential reit industry by 12 percentage points.

3. Nexpoint Residential Trust (NYSE:NXRT)


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

Nexpoint Residential Trust's stock has dropped -25.18% in the past year. It has underperformed other stocks in the residential reit industry by -25 percentage points.

Are residential reit stocks a good buy now?

77.78% of residential reit stocks rated by analysts are a buy right now. On average, analysts expect residential reit stocks to rise by 5.38% over the next year.

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

The average P/E ratio of the reit - residential industry is 16.29x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.