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 43, which is 15 points higher than the retail reit industry average of 28. It passed 15 out of 38 due diligence checks and has strong fundamentals. Saul Centers has seen its stock return 0.47% over the past year, underperforming other retail reit stocks by -5 percentage points.

Realty Income (NYSE:O) is the second best retail reit stock with a Zen Score of 42, which is 14 points higher than the retail reit industry average of 28. It passed 15 out of 38 due diligence checks and has strong fundamentals. Realty Income has seen its stock lose -13.56% over the past year, underperforming other retail reit stocks by -19 percentage points.

Realty Income has an average 1 year price target of $59.29, an upside of 10.46% from Realty Income's current stock price of $53.67.

Realty Income stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Realty Income, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% 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 14 points higher than the retail reit industry average of 28. It passed 15 out of 38 due diligence checks and has strong fundamentals. Alexander & Baldwin has seen its stock lose -15.83% over the past year, underperforming other retail reit stocks by -22 percentage points.

Alexander & Baldwin has an average 1 year price target of $18.50, an upside of 15.63% from Alexander & Baldwin's current stock price of $16.00.

Alexander & Baldwin stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Alexander & Baldwin, 50% have issued a Strong Buy rating, 0% 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 21 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 8.38%, which is 4 percentage points higher than the retail reit industry average of 4.54%. 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 67.6% indicates that its high dividend yield is sustainable for the long-term.

Alpine Income Property Trust (NYSE:PINE) has an annual dividend yield of 7.3%, which is 3 percentage points higher than the retail reit industry average of 4.54%. 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.

Saul Centers (NYSE:BFS) has an annual dividend yield of 6.5%, which is 2 percentage points higher than the retail reit industry average of 4.54%. 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 136.4% indicates that its high dividend yield might not be sustainable for the long-term.

Retail reit stocks were down -0.14% in the last day, and up 4.04% 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 71, which is 32 points higher than the retail reit industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Getty Realty's stock has dropped -17.73% in the past year. It has underperformed other stocks in the retail reit industry by -24 percentage points.

Alexander & Baldwin (NYSE:ALEX) is the second most undervalued retail reit stock based on WallStreetZen's Valuation Score. Alexander & Baldwin has a valuation score of 57, which is 18 points higher than the retail reit industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Alexander & Baldwin's stock has dropped -15.83% in the past year. It has underperformed other stocks in the retail reit industry by -22 percentage points.

Agree Realty (NYSE:ADC) is the third most undervalued retail reit stock based on WallStreetZen's Valuation Score. Agree Realty has a valuation score of 57, which is 18 points higher than the retail reit industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Agree Realty's stock has dropped -12.46% in the past year. It has underperformed other stocks in the retail reit industry by -18 percentage points.