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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
INVH
INVITATION HOMES INC
$21.12B$34.48$38.2510.93%Buy125.12%92.85%N/AN/A
UDR
UDR INC
$12.83B$38.96$40.082.87%Buy132.75%29.69%N/AN/A
MAA
MID AMERICA APARTMENT COMMUNITIES INC
$15.56B$133.20$140.965.82%Buy123.17%30.90%N/AN/A
EQR
EQUITY RESIDENTIAL
$24.90B$65.70$68.003.50%Buy133.19%20.46%N/AN/A
CPT
CAMDEN PROPERTY TRUST
$11.04B$103.60$107.964.21%Buy131.54%53.82%N/AN/A
NXRT
NEXPOINT RESIDENTIAL TRUST INC
$938.14M$36.54$37.502.63%Buy20.05%7.27%N/AN/A
ESS
ESSEX PROPERTY TRUST INC
$16.66B$259.40$257.97-0.55%Buy152.75%31.76%N/AN/A
AVB
AVALONBAY COMMUNITIES INC
$27.77B$195.34$201.873.34%Buy153.99%22.98%N/AN/A
ELS
EQUITY LIFESTYLE PROPERTIES INC
$11.53B$61.85$70.5013.99%Buy43.60%23.07%N/AN/A
AMH
AMERICAN HOMES 4 RENT
$13.24B$36.13$40.2511.40%Strong Buy84.37%27.05%N/AN/A
UMH
UMH PROPERTIES INC
$1.06B$15.02$19.0026.50%Strong Buy36.24%N/AN/AN/A
BRT
BRT APARTMENTS CORP
$321.74M$17.26$22.2528.91%Strong Buy2-0.19%N/AN/AN/A
CLPR
CLIPPER REALTY INC
$61.58M$3.83N/AN/AN/AN/A3.07%N/AN/AN/A
SUI
SUN COMMUNITIES INC
$14.60B$117.15$137.7117.55%Buy72.71%N/AN/AN/A
ELME
ELME COMMUNITIES
$1.38B$15.71$17.008.21%Buy23.74%N/AN/AN/A
IRT
INDEPENDENCE REALTY TRUST INC
$3.72B$16.51$16.801.76%Buy53.01%N/AN/AN/A
AIRC
APARTMENT INCOME REIT CORP
$5.62B$38.71$37.28-3.69%Buy42.24%-15.06%N/AN/A
BHM
BLUEROCK HOMES TRUST INC
$68.28M$17.25N/AN/AN/AN/AN/AN/AN/AN/A
CSR
CENTERSPACE
$1.01B$67.74$64.75-4.41%Hold42.73%N/AN/AN/A
VRE
VERIS RESIDENTIAL INC
$1.39B$14.96$14.00-6.42%Hold11.57%N/AN/AN/A
AIV
APARTMENT INVESTMENT & MANAGEMENT CO
$1.18B$8.17N/AN/AN/AN/A6.75%N/AN/AN/A

Residential REIT Stocks FAQ

What are the best residential reit stocks to buy right now in May 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 41, which is 15 points higher than the residential reit industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock return 4.68% over the past year, underperforming other residential reit stocks by -1 percentage points.

Invitation Homes has an average 1 year price target of $38.25, an upside of 10.93% from Invitation Homes's current stock price of $34.48.

Invitation Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Invitation Homes, 25% have issued a Strong Buy rating, 33.33% have issued a Buy, 41.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Udr (NYSE:UDR)


Udr (NYSE:UDR) is the second best residential reit stock with a Zen Score of 39, which is 13 points higher than the residential reit industry average of 26. It passed 15 out of 38 due diligence checks and has average fundamentals. Udr has seen its stock lose -1.22% over the past year, underperforming other residential reit stocks by -7 percentage points.

Udr has an average 1 year price target of $40.08, an upside of 2.87% from Udr's current stock price of $38.96.

Udr stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Udr, 30.77% have issued a Strong Buy rating, 15.38% have issued a Buy, 53.85% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Mid America Apartment Communities (NYSE:MAA)


Mid America Apartment Communities (NYSE:MAA) is the third best residential reit stock with a Zen Score of 38, which is 12 points higher than the residential reit industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. Mid America Apartment Communities has seen its stock lose -8.06% over the past year, underperforming other residential reit stocks by -14 percentage points.

Mid America Apartment Communities has an average 1 year price target of $140.96, an upside of 5.82% from Mid America Apartment Communities's current stock price of $133.20.

Mid America Apartment Communities stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Mid America Apartment Communities, 25% have issued a Strong Buy rating, 8.33% have issued a Buy, 58.33% have issued a hold, while 0% 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 9.92%, which is 6 percentage points higher than the residential reit industry average of 4.02%. 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 -108.6% 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 4.02%. 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 500% indicates that its high dividend yield might not be sustainable for the long-term.

3. Umh Properties (NYSE:UMH)


Umh Properties (NYSE:UMH) has an annual dividend yield of 5.53%, which is 2 percentage points higher than the residential reit industry average of 4.02%. 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 -546.7% indicates that its high dividend yield might not be sustainable for the long-term.

Why are residential reit stocks up?

Residential reit stocks were up 0.23% in the last day, and down -2.63% over the last week.

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

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 43, which is 25 points higher than the residential reit industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Camden Property Trust's stock has dropped -0.11% in the past year. It has underperformed other stocks in the residential reit industry by -6 percentage points.

2. Essex Property Trust (NYSE:ESS)


Essex Property Trust (NYSE:ESS) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Essex Property Trust has a valuation score of 29, which is 11 points higher than the residential reit industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Essex Property Trust's stock has gained 24.57% in the past year. It has overperformed other stocks in the residential reit industry by 19 percentage points.

3. Equity Residential (NYSE:EQR)


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 29, which is 11 points higher than the residential reit industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Equity Residential's stock has gained 10.18% in the past year. It has overperformed other stocks in the residential reit industry by 5 percentage points.

Are residential reit stocks a good buy now?

72.22% of residential reit stocks rated by analysts are a buy right now. On average, analysts expect residential reit stocks to rise by 5.04% 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 8.39x.
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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.