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.

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

Invitation Homes (NYSE:INVH) is the top residential reit stock with a Zen Score of 45, which is 18 points higher than the residential reit industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock return 6.52% over the past year, overperforming other residential reit stocks by 6 percentage points.

Invitation Homes has an average 1 year price target of $38.18, an upside of 10.74% 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 11 analysts covering Invitation Homes, 27.27% have issued a Strong Buy rating, 36.36% have issued a Buy, 36.36% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

American Homes 4 Rent (NYSE:AMH) is the second best residential reit stock with a Zen Score of 44, which is 17 points higher than the residential reit industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. American Homes 4 Rent has seen its stock return 10.06% over the past year, overperforming other residential reit stocks by 9 percentage points.

American Homes 4 Rent has an average 1 year price target of $40.33, an upside of 12.79% from American Homes 4 Rent's current stock price of $35.76.

American Homes 4 Rent stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering American Homes 4 Rent, 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.

Nexpoint Residential Trust (NYSE:NXRT) is the third best residential reit stock with a Zen Score of 40, which is 13 points higher than the residential reit industry average of 27. It passed 14 out of 38 due diligence checks and has average fundamentals. Nexpoint Residential Trust has seen its stock lose -22.06% over the past year, underperforming other residential reit stocks by -23 percentage points.

Nexpoint Residential Trust has an average 1 year price target of $37.50, an upside of 14.16% from Nexpoint Residential Trust's current stock price of $32.85.

Nexpoint Residential Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Nexpoint Residential Trust, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% 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 9.57%, which is 5 percentage points higher than the residential reit industry average of 4.14%. 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 -84.4% indicates that its high dividend yield might not be sustainable for the long-term.

Brt Apartments (NYSE:BRT) has an annual dividend yield of 5.74%, which is 2 percentage points higher than the residential reit industry average of 4.14%. 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 625% indicates that its high dividend yield might not be sustainable for the long-term.

Nexpoint Residential Trust (NYSE:NXRT) has an annual dividend yield of 5.37%, which is 1 percentage points higher than the residential reit industry average of 4.14%. Nexpoint Residential Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nexpoint Residential Trust's dividend has shown consistent growth over the last 10 years.

Nexpoint Residential Trust's dividend payout ratio of 99.5% indicates that its high dividend yield might not be sustainable for the long-term.

Residential reit stocks were down -0.42% in the last day, and up 3.44% 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:

Centerspace (NYSE:CSR) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Centerspace has a valuation score of 57, which is 33 points higher than the residential reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Centerspace's stock has gained 17.22% in the past year. It has overperformed other stocks in the residential reit industry by 16 percentage points.

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 57, which is 33 points higher than the residential reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Camden Property Trust's stock has dropped -6.34% in the past year. It has underperformed other stocks in the residential reit industry by -7 percentage points.

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 43, which is 19 points higher than the residential reit industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Nexpoint Residential Trust's stock has dropped -22.06% in the past year. It has underperformed other stocks in the residential reit industry by -23 percentage points.