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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
BRT
BRT APARTMENTS CORP
$347.65M$94.08M$53.97M$4.80M$0.2014.69%152.98%-89.07%N/A2024-08-05
INVH
INVITATION HOMES INC
$21.90B$2.49B$1.57B$541.58M$0.898.40%7.48%30.88%71.49%2024-07-24
ELS
EQUITY LIFESTYLE PROPERTIES INC
$12.86B$1.51B$673.98M$341.73M$1.843.38%8.54%21.05%4.45%2024-07-22
UDR
UDR INC
$13.72B$1.64B$1.34B$451.64M$1.385.25%9.06%345.16%21.56%2024-07-30
EQR
EQUITY RESIDENTIAL
$26.40B$2.90B$2.10B$914.88M$2.424.05%2.15%-0.41%10.19%2024-07-29
NXRT
NEXPOINT RESIDENTIAL TRUST INC
$1.06B$275.88M$235.45M$74.45M$2.901.28%12.51%N/AN/A2024-07-30
AMH
AMERICAN HOMES 4 RENT
$13.30B$1.65B$974.44M$358.05M$0.987.66%8.56%11.36%54.87%2024-08-01
ESS
ESSEX PROPERTY TRUST INC
$18.23B$1.68B$1.29B$525.02M$8.182.84%3.63%8.63%5.20%2024-07-30
AVB
AVALONBAY COMMUNITIES INC
$29.58B$2.81B$1.99B$955.37M$6.725.72%4.15%-8.07%-1.51%2024-07-31
CPT
CAMDEN PROPERTY TRUST
$12.03B$1.57B$1.16B$445.28M$4.105.48%9.76%-27.56%20.41%2024-08-01
MAA
MID AMERICA APARTMENT COMMUNITIES INC
$16.86B$2.16B$1.29B$556.96M$4.774.35%6.40%-16.32%18.29%2024-07-31
UMH
UMH PROPERTIES INC
$1.23B$226.00M$96.43M-$9.68M-$0.1511.60%11.01%N/AN/A2024-08-06
CLPR
CLIPPER REALTY INC
$65.43M$140.30M$71.62M-$4.22M-$0.356.80%4.84%N/AN/A2024-08-01
SUI
SUN COMMUNITIES INC
$16.04B$3.24B$759.00M-$210.60M-$1.695.61%22.92%N/AN/A2024-07-31
ELME
ELME COMMUNITIES
$1.44B$231.62M$72.47M-$52.98M-$0.616.55%-4.36%N/AN/A2024-08-01
IRT
INDEPENDENCE REALTY TRUST INC
$4.34B$660.14M$299.26M-$8.30M-$0.033.22%27.62%N/AN/A2024-07-31
VRE
VERIS RESIDENTIAL INC
$1.46B$280.47M$87.99M-$91.20M-$1.0013.67%-2.79%N/AN/A2024-07-24
BHM
BLUEROCK HOMES TRUST INC
$72.20M$42.13M$28.81M-$3.98M-$1.1715.29%N/AN/AN/A
CSR
CENTERSPACE
$1.05B$257.92M$132.99M-$12.58M-$0.84-2.41%9.02%N/AN/A2024-07-29
AIV
APARTMENT INVESTMENT & MANAGEMENT CO
$1.31B$192.93M-$65.44M-$167.55M-$1.174.50%10.96%N/AN/A2024-08-05

Residential REIT Stocks FAQ

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

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

1. Brt Apartments (NYSE:BRT)


Brt Apartments (NYSE:BRT) is the top residential reit stock with a Zen Score of 44, which is 16 points higher than the residential reit industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Brt Apartments has seen its stock lose -7.44% over the past year, underperforming other residential reit stocks by -11 percentage points.

Brt Apartments has an average 1 year price target of $22.25, an upside of 19.3% from Brt Apartments's current stock price of $18.65.

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

2. Invitation Homes (NYSE:INVH)


Invitation Homes (NYSE:INVH) is the second best residential reit stock with a Zen Score of 41, which is 13 points higher than the residential reit industry average of 28. It passed 15 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock return 1.19% over the past year, underperforming other residential reit stocks by -2 percentage points.

Invitation Homes has an average 1 year price target of $37.90, an upside of 6.01% from Invitation Homes's current stock price of $35.75.

Invitation Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Invitation Homes, 10% have issued a Strong Buy rating, 30% have issued a Buy, 60% 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 40, which is 12 points higher than the residential reit industry average of 28. It passed 16 out of 38 due diligence checks and has average fundamentals. Equity Lifestyle Properties has seen its stock return 2.57% over the past year, underperforming other residential reit stocks by -1 percentage points.

Equity Lifestyle Properties has an average 1 year price target of $70.50, an upside of 2.25% from Equity Lifestyle Properties's current stock price of $68.95.

Equity Lifestyle Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Equity Lifestyle Properties, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% 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 9.34%, which is 5 percentage points higher than the residential reit industry average of 3.96%. 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 5.36%, which is 1 percentage points higher than the residential reit industry average of 3.96%. 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 4.75%, which is 1 percentage points higher than the residential reit industry average of 3.96%. 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 1.13% in the last day, and up 3.65% 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. Brt Apartments (NYSE:BRT)


Brt Apartments (NYSE:BRT) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Brt Apartments has a valuation score of 43, which is 29 points higher than the residential reit industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Brt Apartments's stock has dropped -7.44% in the past year. It has underperformed other stocks in the residential reit industry by -11 percentage points.

2. Camden Property Trust (NYSE:CPT)


Camden Property Trust (NYSE:CPT) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Camden Property Trust has a valuation score of 29, which is 15 points higher than the residential reit industry average of 14. It passed 2 out of 7 valuation due diligence checks.

Camden Property Trust's stock has gained 2% in the past year. It has underperformed other stocks in the residential reit industry by -2 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 29, which is 15 points higher than the residential reit industry average of 14. It passed 2 out of 7 valuation due diligence checks.

Nexpoint Residential Trust's stock has dropped -13.6% in the past year. It has underperformed other stocks in the residential reit industry by -17 percentage points.

Are residential reit stocks a good buy now?

52.94% of residential reit stocks rated by analysts are a buy right now. On average, analysts expect residential reit stocks to fall by -1.35% 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 5.98x.
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.