Sectors & IndustriesReal EstateREIT - Residential

Best Residential REIT Stocks to Buy Now (2022)

Top residential reit stocks in 2022 ranked by overall Zen Score. See the best residential reit stocks to buy now, according to analyst forecasts for the reit - residential industry.

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

Independence Realty Trust (NYSE:IRT) is the top residential reit stock with a Zen Score of 55, which is 21 points higher than the residential reit industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Independence Realty Trust has seen its stock lose -17.79% over the past year, overperforming other residential reit stocks by 2 percentage points.

Independence Realty Trust has an average 1 year price target of $27.34, an upside of 63.44% from Independence Realty Trust's current stock price of $16.73.

Independence Realty Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Independence Realty Trust, 87.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Brt Apartments (NYSE:BRT) is the second best residential reit stock with a Zen Score of 52, which is 18 points higher than the residential reit industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Brt Apartments has seen its stock return 5.34% over the past year, overperforming other residential reit stocks by 25 percentage points.

Brt Apartments has an average 1 year price target of $29.00, an upside of 42.79% from Brt Apartments's current stock price of $20.31.

Brt Apartments stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Brt Apartments, 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.

Mid America Apartment Communities (NYSE:MAA) is the third best residential reit stock with a Zen Score of 44, which is 10 points higher than the residential reit industry average of 34. It passed 16 out of 38 due diligence checks and has strong fundamentals. Mid America Apartment Communities has seen its stock lose -16.96% over the past year, overperforming other residential reit stocks by 3 percentage points.

Mid America Apartment Communities has an average 1 year price target of $204.90, an upside of 32.13% from Mid America Apartment Communities's current stock price of $155.07.

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

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:

Umh Properties (NYSE:UMH) has an annual dividend yield of 4.89%, which is 2 percentage points higher than the residential reit industry average of 3.15%. Umh Properties's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Umh Properties's dividend has shown consistent growth over the last 10 years.

Umh Properties's dividend payout ratio of -205.3% indicates that its dividend yield might not be sustainable for the long-term.

Brt Apartments (NYSE:BRT) has an annual dividend yield of 4.73%, which is 2 percentage points higher than the residential reit industry average of 3.15%. 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 23.5% indicates that its dividend yield is sustainable for the long-term.

Apartment Income Reit (NYSE:AIRC) has an annual dividend yield of 4.63%, which is 1 percentage points higher than the residential reit industry average of 3.15%.

Apartment Income Reit's dividend payout ratio of 29% indicates that its dividend yield is sustainable for the long-term.

Residential reit stocks were up 1.23% in the last day, and down -3.41% over the last week.

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

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

Apartment Investment & Management Co (NYSE:AIV) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Apartment Investment & Management Co has a valuation score of 71, which is 39 points higher than the residential reit industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Apartment Investment & Management Co's stock has gained 6.57% in the past year. It has overperformed other stocks in the residential reit industry by 26 percentage points.

Independence Realty Trust (NYSE:IRT) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Independence Realty Trust has a valuation score of 71, which is 39 points higher than the residential reit industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Independence Realty Trust's stock has dropped -17.79% in the past year. It has overperformed other stocks in the residential reit industry by 2 percentage points.

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

Equity Residential's stock has dropped -16.93% in the past year. It has overperformed other stocks in the residential reit industry by 3 percentage points.