Sectors & IndustriesReal EstateREIT - Residential

Best Residential REIT Stocks to Buy Now (2024)

Top residential reit stocks in 2024 ranked by overall Due Diligence Score. See the best residential reit stocks to buy now, according to analyst forecasts for the reit - residential industry.

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

Umh Properties (NYSE:UMH) is the top residential reit stock with a Due Diligence Score of 43, which is 16 points higher than the residential reit industry average of 27. It passed 15 out of 38 due diligence checks and has strong fundamentals. Umh Properties has seen its stock return 31.56% over the past year, overperforming other residential reit stocks by 10 percentage points.

Umh Properties has an average 1 year price target of $21.17, an upside of 9.9% from Umh Properties's current stock price of $19.26.

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.

Invitation Homes (NYSE:INVH) is the second best residential reit stock with a Due Diligence Score of 40, which is 13 points higher than the residential reit industry average of 27. It passed 15 out of 38 due diligence checks and has average fundamentals. Invitation Homes has seen its stock return 1.61% over the past year, underperforming other residential reit stocks by -20 percentage points.

Invitation Homes has an average 1 year price target of $38.46, an upside of 14.83% from Invitation Homes's current stock price of $33.49.

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, 9.09% have issued a Buy, 63.64% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Equity Lifestyle Properties (NYSE:ELS) is the third best residential reit stock with a Due Diligence Score of 38, which is 11 points higher than the residential reit industry average of 27. It passed 15 out of 38 due diligence checks and has average fundamentals. Equity Lifestyle Properties has seen its stock lose -2.54% over the past year, underperforming other residential reit stocks by -25 percentage points.

Equity Lifestyle Properties has an average 1 year price target of $73.29, an upside of 5.14% from Equity Lifestyle Properties's current stock price of $69.70.

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.

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:

Clipper Realty (NYSE:CLPR) has an annual dividend yield of 8.07%, which is 4 percentage points higher than the residential reit industry average of 3.73%. 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.

Brt Apartments (NYSE:BRT) has an annual dividend yield of 5.34%, which is 2 percentage points higher than the residential reit industry average of 3.73%. 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 -178.6% indicates that its high dividend yield might not be sustainable for the long-term.

Umh Properties (NYSE:UMH) has an annual dividend yield of 4.41%, which is 1 percentage points higher than the residential reit industry average of 3.73%. 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.

Residential reit stocks were down -0.1% in the last day, and down -2.97% over the last week.

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

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

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 44.41% in the past year. It has overperformed other stocks in the residential reit industry by 22 percentage points.

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 31.56% in the past year. It has overperformed other stocks in the residential reit industry by 10 percentage points.

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 1.61% in the past year. It has underperformed other stocks in the residential reit industry by -20 percentage points.