Sectors & Industries Real EstateREIT - Residential
Best Residential REIT Stocks to Buy Now (2023)
Top residential reit stocks in 2023 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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
BRT	BRT APARTMENTS CORP	$362.02M	5.18%	36.70%	$0.2500	$0.98	77%	0	2023-03-24	2023-04-04
INVH	INVITATION HOMES INC	$18.46B	3.05%	146.00%	$0.2600	$0.92	53%	0
AIV	APARTMENT INVESTMENT & MANAGEMENT CO	$1.06B	0.28%	4.00%	$0.0200	$0.02	2%	2
MAA	MID AMERICA APARTMENT COMMUNITIES INC	$16.89B	3.44%	90.80%	$1.4000	$4.99	58%	0		2023-03-31
IRT	INDEPENDENCE REALTY TRUST INC	$3.46B	3.50%	101.90%	$0.1400	$0.54	59%	2	2023-03-30	2023-04-21
AMH	AMERICAN HOMES 4 RENT	$10.81B	2.54%	100.00%	$0.2200	$0.76	45%	0		2023-03-31
SUI	SUN COMMUNITIES INC	$16.58B	2.64%	176.00%	$0.8800	$3.52	47%	0	2023-03-30	2023-04-17
AVB	AVALONBAY COMMUNITIES INC	$22.54B	3.95%	78.20%	$1.5900	$6.36	65%	0	2023-03-30	2023-04-17
CPT	CAMDEN PROPERTY TRUST	$10.90B	3.68%	61.90%	$0.9400	$3.76	62%	2	2023-03-30	2023-04-17
ESS	ESSEX PROPERTY TRUST INC	$13.30B	4.27%	140.40%	$2.2000	$8.80	69%	0	2023-03-30	2023-04-14
UDR	UDR INC	$12.91B	3.87%	584.60%	$0.3800	$1.52	64%	0	2023-04-06	2023-05-01
ELS	EQUITY LIFESTYLE PROPERTIES INC	$12.03B	2.54%	107.20%	$0.4100	$1.64	45%	0	2023-03-30	2023-04-14
AIRC	APARTMENT INCOME REIT CORP	$5.13B	3.92%	23.00%	$0.4500	$1.35	65%	0
EQR	EQUITY RESIDENTIAL	$21.74B	4.35%	121.40%	$0.6250	$2.50	70%	1	2023-03-24	2023-04-14
NXRT	NEXPOINT RESIDENTIAL TRUST INC	$1.07B	3.81%	-433.30%	$0.4200	$1.60	64%	0		2023-03-31
UMH	UMH PROPERTIES INC	$856.45M	5.61%	-120.10%	$0.2050	$0.81	80%	0
CSR	CENTERSPACE	$786.33M	5.58%	-216.30%	$0.7300	$2.92	79%	1	2023-03-30	2023-04-10
VRE	VERIS RESIDENTIAL INC	$1.32B	N/A	0.00%	$0.2000	N/A	N/A	2

Residential REIT Stocks FAQ

What are the best residential reit stocks to buy right now in Mar 2023?

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 49, which is 18 points higher than the residential reit industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Brt Apartments has seen its stock lose -21.99% over the past year, overperforming other residential reit stocks by 12 percentage points.

Brt Apartments has an average 1 year price target of $25.00, an upside of 32.21% from Brt Apartments's current stock price of $18.91.

Brt Apartments stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.

2. Apartment Investment & Management Co (NYSE:AIV)

Apartment Investment & Management Co (NYSE:AIV) is the second best residential reit stock with a Zen Score of 42, which is 11 points higher than the residential reit industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Apartment Investment & Management Co has seen its stock lose -3.6% over the past year, overperforming other residential reit stocks by 30 percentage points.

Apartment Investment & Management Co has an average 1 year price target of $41.00, an upside of 467.87% from Apartment Investment & Management Co's current stock price of $7.22.

Apartment Investment & Management Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Apartment Investment & Management Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Invitation Homes (NYSE:INVH)

Invitation Homes (NYSE:INVH) is the third best residential reit stock with a Zen Score of 42, which is 11 points higher than the residential reit industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock lose -25.57% over the past year, overperforming other residential reit stocks by 8 percentage points.

Invitation Homes has an average 1 year price target of $37.95, an upside of 25.7% from Invitation Homes's current stock price of $30.19.

Invitation Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 21 analysts covering Invitation Homes, 38.1% have issued a Strong Buy rating, 19.05% have issued a Buy, 42.86% 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 17 residential reit stocks that have issued dividends in the past year, the 3 residential reit stocks with the highest dividend yields are:

1. Umh Properties (NYSE:UMH)

Umh Properties (NYSE:UMH) has an annual dividend yield of 5.61%, which is 2 percentage points higher than the residential reit industry average of 3.66%. 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 -120.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Centerspace (NYSE:CSR)

Centerspace (NYSE:CSR) has an annual dividend yield of 5.58%, which is 2 percentage points higher than the residential reit industry average of 3.66%. Centerspace's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Centerspace's dividend has not shown consistent growth over the last 10 years.

Centerspace's dividend payout ratio of -216.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Brt Apartments (NYSE:BRT)

Brt Apartments (NYSE:BRT) has an annual dividend yield of 5.18%, which is 2 percentage points higher than the residential reit industry average of 3.66%. 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 36.7% indicates that its high dividend yield is sustainable for the long-term.

Why are residential reit stocks down?

Residential reit stocks were down -1.2% in the last day, and down -4.57% over the last week.

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

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. Apartment Investment & Management Co (NYSE:AIV)

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 44 points higher than the residential reit industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Apartment Investment & Management Co's stock has dropped -3.6% in the past year. It has overperformed other stocks in the residential reit industry by 30 percentage points.

2. Brt Apartments (NYSE:BRT)

Brt Apartments (NYSE:BRT) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Brt Apartments has a valuation score of 71, which is 44 points higher than the residential reit industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Brt Apartments's stock has dropped -21.99% in the past year. It has overperformed other stocks in the residential reit industry by 12 percentage points.

3. Avalonbay Communities (NYSE:AVB)

Avalonbay Communities (NYSE:AVB) is the third most undervalued residential reit stock based on WallStreetZen's Valuation Score. Avalonbay Communities has a valuation score of 43, which is 16 points higher than the residential reit industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Avalonbay Communities's stock has dropped -34.21% in the past year. It has performed in line with other stocks in the residential reit industry.

Are residential reit stocks a good buy now?

55.56% of residential reit stocks rated by analysts are a buy right now. On average, analysts expect residential reit stocks to rise by 30.07% 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 40.9x.

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.