Sectors & IndustriesReal EstateREIT - Retail

Best Retail REIT Stocks to Buy Now (2023)

Top retail reit stocks in 2023 ranked by overall Zen Score. See the best retail reit stocks to buy now, according to analyst forecasts for the reit - retail industry.

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

Realty Income (NYSE:O) is the top retail reit stock with a Zen Score of 45, which is 18 points higher than the retail reit industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Realty Income has seen its stock lose -8.6% over the past year, overperforming other retail reit stocks by 9 percentage points.

Realty Income has an average 1 year price target of $71.13, an upside of 16.52% from Realty Income's current stock price of $61.04.

Realty Income stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Realty Income, 25% have issued a Strong Buy rating, 37.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Regency Centers (NASDAQ:REG) is the second best retail reit stock with a Zen Score of 43, which is 16 points higher than the retail reit industry average of 27. It passed 15 out of 38 due diligence checks and has strong fundamentals. Regency Centers has seen its stock lose -13.7% over the past year, overperforming other retail reit stocks by 4 percentage points.

Regency Centers has an average 1 year price target of $67.82, an upside of 16.25% from Regency Centers's current stock price of $58.34.

Regency Centers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Regency Centers, 45.45% have issued a Strong Buy rating, 9.09% have issued a Buy, 45.45% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

National Retail Properties (NYSE:NNN) is the third best retail reit stock with a Zen Score of 41, which is 14 points higher than the retail reit industry average of 27. It passed 15 out of 38 due diligence checks and has strong fundamentals. National Retail Properties has seen its stock lose -3.56% over the past year, overperforming other retail reit stocks by 14 percentage points.

National Retail Properties has an average 1 year price target of $48.83, an upside of 16.35% from National Retail Properties's current stock price of $41.97.

National Retail Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering National Retail Properties, 16.67% have issued a Strong Buy rating, 50% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 22 retail reit stocks that have issued dividends in the past year, the 3 retail reit stocks with the highest dividend yields are:

Alexanders (NYSE:ALX) has an annual dividend yield of 9.44%, which is 5 percentage points higher than the retail reit industry average of 4.94%. Alexanders's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Alexanders's dividend has shown consistent growth over the last 10 years.

Alexanders's dividend payout ratio of 160.1% indicates that its high dividend yield might not be sustainable for the long-term.

Epr Properties (NYSE:EPR) has an annual dividend yield of 9.35%, which is 4 percentage points higher than the retail reit industry average of 4.94%. Epr Properties's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Epr Properties's dividend has not shown consistent growth over the last 10 years.

Epr Properties's dividend payout ratio of 161.3% indicates that its high dividend yield might not be sustainable for the long-term.

Simon Property Group (NYSE:SPG) has an annual dividend yield of 6.81%, which is 2 percentage points higher than the retail reit industry average of 4.94%. Simon Property Group's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Simon Property Group's dividend has shown consistent growth over the last 10 years.

Simon Property Group's dividend payout ratio of 105.8% indicates that its high dividend yield might not be sustainable for the long-term.

Retail reit stocks were up 2.43% in the last day, and up 0.46% over the last week.

We couldn't find a catalyst for why retail reit stocks are up.

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

Whitestone Reit (NYSE:WSR) is the most undervalued retail reit stock based on WallStreetZen's Valuation Score. Whitestone Reit has a valuation score of 71, which is 40 points higher than the retail reit industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Whitestone Reit's stock has dropped -32.54% in the past year. It has underperformed other stocks in the retail reit industry by -15 percentage points.

Epr Properties (NYSE:EPR) is the second most undervalued retail reit stock based on WallStreetZen's Valuation Score. Epr Properties has a valuation score of 71, which is 40 points higher than the retail reit industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Epr Properties's stock has dropped -33.15% in the past year. It has underperformed other stocks in the retail reit industry by -15 percentage points.

Site Centers (NYSE:SITC) is the third most undervalued retail reit stock based on WallStreetZen's Valuation Score. Site Centers has a valuation score of 57, which is 26 points higher than the retail reit industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Site Centers's stock has dropped -28.14% in the past year. It has underperformed other stocks in the retail reit industry by -10 percentage points.