Sectors & IndustriesReal EstateREIT - Specialty

Best Specialty REIT Stocks to Buy Now (2023)

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

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

Equinix (NASDAQ:EQIX) is the top specialty reit stock with a Zen Score of 49, which is 14 points higher than the specialty reit industry average of 35. It passed 20 out of 38 due diligence checks and has strong fundamentals. Equinix has seen its stock lose -4.21% over the past year, overperforming other specialty reit stocks by 12 percentage points.

Equinix has an average 1 year price target of $762.73, an upside of 11.89% from Equinix's current stock price of $681.70.

Equinix stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Equinix, 40% have issued a Strong Buy rating, 26.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Lamar Advertising Co (NASDAQ:LAMR) is the second best specialty reit stock with a Zen Score of 47, which is 12 points higher than the specialty reit industry average of 35. It passed 18 out of 38 due diligence checks and has strong fundamentals. Lamar Advertising Co has seen its stock lose -16.5% over the past year.

Lamar Advertising Co has an average 1 year price target of $112.00, an upside of 18.37% from Lamar Advertising Co's current stock price of $94.62.

Lamar Advertising Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Lamar Advertising Co, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Potlatchdeltic (NASDAQ:PCH) is the third best specialty reit stock with a Zen Score of 47, which is 12 points higher than the specialty reit industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Potlatchdeltic has seen its stock lose -10% over the past year, overperforming other specialty reit stocks by 6 percentage points.

Potlatchdeltic has an average 1 year price target of $53.40, an upside of 13.86% from Potlatchdeltic's current stock price of $46.90.

Potlatchdeltic stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Potlatchdeltic, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 14 specialty reit stocks that have issued dividends in the past year, the 3 specialty reit stocks with the highest dividend yields are:

Uniti Group (NASDAQ:UNIT) has an annual dividend yield of 17.8%, which is 12 percentage points higher than the specialty reit industry average of 5.68%. Uniti Group's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Uniti Group's dividend has not shown consistent growth over the last 10 years.

Uniti Group's dividend payout ratio of -1,500% indicates that its high dividend yield might not be sustainable for the long-term.

Outfront Media (NYSE:OUT) has an annual dividend yield of 7.91%, which is 2 percentage points higher than the specialty reit industry average of 5.68%. Outfront Media's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Outfront Media's dividend has not shown consistent growth over the last 10 years.

Outfront Media's dividend payout ratio of 142.9% indicates that its high dividend yield might not be sustainable for the long-term.

Gaming & Leisure Properties (NASDAQ:GLPI) has an annual dividend yield of 6.23%, which is 1 percentage points higher than the specialty reit industry average of 5.68%. Gaming & Leisure Properties's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Gaming & Leisure Properties's dividend has shown consistent growth over the last 10 years.

Gaming & Leisure Properties's dividend payout ratio of 103.5% indicates that its high dividend yield might not be sustainable for the long-term.

Specialty reit stocks were up 2.84% in the last day, and down -0.64% over the last week.

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

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

Afc Gamma (NASDAQ:AFCG) is the most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Afc Gamma has a valuation score of 100, which is 57 points higher than the specialty reit industry average of 43. It passed 7 out of 7 valuation due diligence checks.

Afc Gamma's stock has dropped -38.31% in the past year. It has underperformed other stocks in the specialty reit industry by -22 percentage points.

Power Reit (NYSEMKT:PW) is the second most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Power Reit has a valuation score of 71, which is 28 points higher than the specialty reit industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Power Reit's stock has dropped -92.94% in the past year. It has underperformed other stocks in the specialty reit industry by -77 percentage points.

Outfront Media (NYSE:OUT) is the third most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Outfront Media has a valuation score of 71, which is 28 points higher than the specialty reit industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Outfront Media's stock has dropped -47.2% in the past year. It has underperformed other stocks in the specialty reit industry by -31 percentage points.