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 49, which is 22 points higher than the retail reit industry average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Realty Income has seen its stock lose -15.92% over the past year, underperforming other retail reit stocks by -8 percentage points.

Realty Income has an average 1 year price target of $62.30, an upside of 15.67% from Realty Income's current stock price of $53.86.

Realty Income stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Realty Income, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Rpt Realty (NYSE:RPT) is the second 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. Rpt Realty has seen its stock return 12.12% over the past year, overperforming other retail reit stocks by 20 percentage points.

Rpt Realty has an average 1 year price target of $11.00, a downside of -9.91% from Rpt Realty's current stock price of $12.21.

Rpt Realty stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Rpt Realty, 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.

Four Corners Property Trust (NYSE:FCPT) is the third best retail reit stock with a Zen Score of 40, which is 13 points higher than the retail reit industry average of 27. It passed 14 out of 38 due diligence checks and has average fundamentals. Four Corners Property Trust has seen its stock lose -9.49% over the past year, underperforming other retail reit stocks by -1 percentage points.

Four Corners Property Trust has an average 1 year price target of $28.00, an upside of 15.61% from Four Corners Property Trust's current stock price of $24.22.

Four Corners Property Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Four Corners Property Trust, 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 23 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 9.52%, which is 5 percentage points higher than the retail reit industry average of 4.58%. 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 92.9% indicates that its high dividend yield might not be sustainable for the long-term.

Rpt Realty (NYSE:RPT) has an annual dividend yield of 6.1%, which is 2 percentage points higher than the retail reit industry average of 4.58%. Rpt Realty's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Rpt Realty's dividend has shown consistent growth over the last 10 years.

Rpt Realty's dividend payout ratio of 100% indicates that its high dividend yield might not be sustainable for the long-term.

Saul Centers (NYSE:BFS) has an annual dividend yield of 6.03%, which is 1 percentage points higher than the retail reit industry average of 4.58%. Saul Centers's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Saul Centers's dividend has shown consistent growth over the last 10 years.

Saul Centers's dividend payout ratio of 140.5% indicates that its high dividend yield might not be sustainable for the long-term.

Retail reit stocks were down -0.33% in the last day, and up 1.04% 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:

Getty Realty (NYSE:GTY) is the most undervalued retail reit stock based on WallStreetZen's Valuation Score. Getty Realty has a valuation score of 57, which is 21 points higher than the retail reit industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Getty Realty's stock has dropped -13.33% in the past year. It has underperformed other stocks in the retail reit industry by -5 percentage points.

Kimco Realty (NYSE:KIM) is the second most undervalued retail reit stock based on WallStreetZen's Valuation Score. Kimco Realty has a valuation score of 57, which is 21 points higher than the retail reit industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Kimco Realty's stock has dropped -6.94% in the past year. It has overperformed other stocks in the retail reit industry by 1 percentage points.

Alpine Income Property Trust (NYSE:PINE) is the third most undervalued retail reit stock based on WallStreetZen's Valuation Score. Alpine Income Property Trust has a valuation score of 57, which is 21 points higher than the retail reit industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Alpine Income Property Trust's stock has dropped -12.26% in the past year. It has underperformed other stocks in the retail reit industry by -4 percentage points.