Sectors & IndustriesReal EstateREIT - Retail

Best Retail REIT Stocks to Buy Now (2024)

Top retail reit stocks in 2024 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:

Saul Centers (NYSE:BFS) 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 16 out of 38 due diligence checks and has strong fundamentals. Saul Centers has seen its stock return 18.91% over the past year, overperforming other retail reit stocks by 50 percentage points.

Saul Centers has an average 1 year price target of $45.50, an upside of 11.14% from Saul Centers's current stock price of $40.94.

Saul Centers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Saul Centers, 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.

Realty Income (NYSE:O) is the second best retail reit stock with a Zen Score of 45, which is 18 points higher than the retail reit industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. Realty Income has seen its stock return 25.1% over the past year, overperforming other retail reit stocks by 57 percentage points.

Realty Income has an average 1 year price target of $63.93, an upside of 3.1% from Realty Income's current stock price of $62.01.

Realty Income stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Realty Income, 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.

Alexander & Baldwin (NYSE:ALEX) is the third best retail reit stock with a Zen Score of 42, which is 15 points higher than the retail reit industry average of 27. It passed 15 out of 38 due diligence checks and has strong fundamentals. Alexander & Baldwin has seen its stock return 15.83% over the past year, overperforming other retail reit stocks by 47 percentage points.

Alexander & Baldwin has an average 1 year price target of $22.00, an upside of 16.96% from Alexander & Baldwin's current stock price of $18.81.

Alexander & Baldwin stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Alexander & Baldwin, 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.

Out of 20 retail reit stocks that have issued dividends in the past year, the 3 retail reit stocks with the highest dividend yields are:

Site Centers (NYSE:SITC) has an annual dividend yield of 12.65%, which is 8 percentage points higher than the retail reit industry average of 4.6%. Site Centers's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Site Centers's dividend has not shown consistent growth over the last 10 years.

Site Centers's dividend payout ratio of 31.8% indicates that its high dividend yield is sustainable for the long-term.

Alexanders (NYSE:ALX) has an annual dividend yield of 7.8%, which is 3 percentage points higher than the retail reit industry average of 4.6%. 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 134.3% indicates that its high dividend yield might not be sustainable for the long-term.

Alpine Income Property Trust (NYSE:PINE) has an annual dividend yield of 6.29%, which is 2 percentage points higher than the retail reit industry average of 4.6%. Alpine Income Property Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Alpine Income Property Trust's dividend has shown consistent growth over the last 10 years.

Alpine Income Property Trust's dividend payout ratio of -2,750% indicates that its high dividend yield might not be sustainable for the long-term.

Retail reit stocks were down -0.06% in the last day, and down -4.6% over the last week.

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

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

Retail Opportunity Investments (NASDAQ:ROIC) is the most undervalued retail reit stock based on WallStreetZen's Valuation Score. Retail Opportunity Investments has a valuation score of 71, which is 39 points higher than the retail reit industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Retail Opportunity Investments's stock has gained 33.08% in the past year. It has overperformed other stocks in the retail reit industry by 65 percentage points.

Saul Centers (NYSE:BFS) is the second most undervalued retail reit stock based on WallStreetZen's Valuation Score. Saul Centers has a valuation score of 57, which is 25 points higher than the retail reit industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Saul Centers's stock has gained 18.91% in the past year. It has overperformed other stocks in the retail reit industry by 50 percentage points.

Kimco Realty (NYSE:KIM) is the third most undervalued retail reit stock based on WallStreetZen's Valuation Score. Kimco Realty has a valuation score of 43, which is 11 points higher than the retail reit industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Kimco Realty's stock has gained 35.9% in the past year. It has overperformed other stocks in the retail reit industry by 67 percentage points.