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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
UMH
UMH PROPERTIES INC
$1.53B$19.34$21.179.45%Strong Buy34.94%178.38%10.09%5.75%
INVH
INVITATION HOMES INC
$20.64B$33.70$38.5814.49%Buy123.47%63.35%12.48%6.30%
ELS
EQUITY LIFESTYLE PROPERTIES INC
$13.65B$71.43$73.142.40%Buy73.68%18.63%45.56%11.51%
CPT
CAMDEN PROPERTY TRUST
$12.99B$121.74$125.302.92%Buy151.67%31.46%17.52%9.29%
MAA
MID AMERICA APARTMENT COMMUNITIES INC
$18.60B$159.14$173.639.11%Buy152.58%28.45%19.20%9.71%
EQR
EQUITY RESIDENTIAL
$27.90B$73.53$78.006.08%Buy142.90%19.81%15.35%7.96%
ESS
ESSEX PROPERTY TRUST INC
$19.58B$304.66$299.73-1.62%Buy152.97%24.60%20.30%8.72%
AMH
AMERICAN HOMES 4 RENT
$13.66B$36.96$41.8013.10%Buy103.04%27.45%11.17%6.10%
AVB
AVALONBAY COMMUNITIES INC
$33.24B$233.75$232.91-0.36%Buy114.26%27.21%15.67%8.75%
NXRT
NEXPOINT RESIDENTIAL TRUST INC
$1.17B$46.10$49.006.29%Buy51.12%17.28%15.45%3.54%
BRT
BRT APARTMENTS CORP
$353.76M$18.85$21.8315.82%Strong Buy30.09%N/A13.11%4.05%
UDR
UDR INC
$14.68B$44.48$45.572.45%Buy142.32%92.53%25.97%8.23%
SUI
SUN COMMUNITIES INC
$15.96B$125.32$143.0014.11%Buy73.61%N/A14.28%6.23%
CLPR
CLIPPER REALTY INC
$98.55M$6.13N/AN/AN/AN/A2.89%N/A-206.35%0.57%
IRT
INDEPENDENCE REALTY TRUST INC
$4.70B$20.90$21.754.07%Strong Buy43.42%N/A8.99%5.07%
VRE
VERIS RESIDENTIAL INC
$1.68B$18.09$15.67-13.39%Hold31.78%N/A5.34%2.16%
ELME
ELME COMMUNITIES
$1.55B$17.66$17.33-1.85%Buy32.87%N/A8.65%5.13%
BHM
BLUEROCK HOMES TRUST INC
$55.96M$14.15N/AN/AN/AN/AN/AN/AN/AN/A
CSR
CENTERSPACE
$1.23B$74.46$78.004.75%Buy41.90%N/A12.88%4.59%
AIV
APARTMENT INVESTMENT & MANAGEMENT CO
$1.21B$8.54N/AN/AN/AN/A1.02%N/AN/AN/A

Residential REIT Stocks FAQ

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

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

1. Umh Properties (NYSE:UMH)


Umh Properties (NYSE:UMH) is the top residential reit stock with a Zen Score of 43, which is 17 points higher than the residential reit industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Umh Properties has seen its stock return 31.39% over the past year.

Umh Properties has an average 1 year price target of $21.17, an upside of 9.45% from Umh Properties's current stock price of $19.34.

Umh Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Umh Properties, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Invitation Homes (NYSE:INVH)


Invitation Homes (NYSE:INVH) is the second best residential reit stock with a Zen Score of 40, which is 14 points higher than the residential reit industry average of 26. It passed 15 out of 38 due diligence checks and has average fundamentals. Invitation Homes has seen its stock return 7.02% over the past year, underperforming other residential reit stocks by -24 percentage points.

Invitation Homes has an average 1 year price target of $38.58, an upside of 14.49% from Invitation Homes's current stock price of $33.70.

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

3. Equity Lifestyle Properties (NYSE:ELS)


Equity Lifestyle Properties (NYSE:ELS) 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 15 out of 38 due diligence checks and has average fundamentals. Equity Lifestyle Properties has seen its stock return 8.46% over the past year, underperforming other residential reit stocks by -23 percentage points.

Equity Lifestyle Properties has an average 1 year price target of $73.14, an upside of 2.4% from Equity Lifestyle Properties's current stock price of $71.43.

Equity Lifestyle Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Equity Lifestyle Properties, 14.29% have issued a Strong Buy rating, 14.29% have issued a Buy, 71.43% have issued a hold, while 0% have issued a Sell rating, and 0% 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 6.2%, which is 3 percentage points higher than the residential reit industry average of 3.59%. 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 -131% 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 5.31%, which is 2 percentage points higher than the residential reit industry average of 3.59%. 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 -192.3% 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 4.34%, which is 1 percentage points higher than the residential reit industry average of 3.59%. 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 646.2% 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 2.43% in the last day, and up 6.96% 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. Nexpoint Residential Trust (NYSE:NXRT)


Nexpoint Residential Trust (NYSE:NXRT) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Nexpoint Residential Trust has a valuation score of 43, which is 32 points higher than the residential reit industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Nexpoint Residential Trust's stock has gained 54.7% in the past year. It has overperformed other stocks in the residential reit industry by 24 percentage points.

2. Umh Properties (NYSE:UMH)


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

Umh Properties's stock has gained 31.39% in the past year. It has performed in line with other stocks in the residential reit industry.

3. Invitation Homes (NYSE:INVH)


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

Invitation Homes's stock has gained 7.02% in the past year. It has underperformed other stocks in the residential reit industry by -24 percentage points.

Are residential reit stocks a good buy now?

76.47% of residential reit stocks rated by analysts are a buy right now. On average, analysts expect residential reit stocks to rise by 3.97% 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 27.22x.
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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.