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Sectors & IndustriesReal EstateREIT - Specialty
Best Specialty REIT Stocks to Buy Now (2024)
Top specialty reit stocks in 2024 ranked by overall Zen Score. See the best specialty reit stocks to buy now, according to analyst forecasts for the reit - specialty industry.

Industry: REIT - Specialty
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
HASI
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC
$2.81B$24.95$32.2029.06%Strong Buy5-25.12%32.61%N/AN/A
SBAC
SBA COMMUNICATIONS CORP
$21.20B$196.06$264.0034.65%Strong Buy41.07%72.58%N/AN/A
CCI
CROWN CASTLE INC
$41.34B$95.20$110.0015.55%Hold7-1.23%38.14%N/AN/A
GLPI
GAMING & LEISURE PROPERTIES INC
$11.62B$42.80$49.5015.65%Buy62.66%21.74%N/AN/A
DLR
DIGITAL REALTY TRUST INC
$42.73B$136.83$148.508.53%Buy105.56%41.48%N/AN/A
EQIX
EQUINIX INC
$70.78B$748.00$876.7817.22%Buy98.99%59.73%N/AN/A
LAMR
LAMAR ADVERTISING CO
$11.37B$111.44$109.50-1.74%Hold23.68%48.24%N/AN/A
FPI
FARMLAND PARTNERS INC
$516.31M$10.75$15.0039.53%Buy1-3.73%N/AN/AN/A
WY
WEYERHAEUSER CO
$22.96B$31.47$38.0020.75%Buy42.97%23.36%N/AN/A
AFCG
AFC GAMMA INC
$240.77M$11.65N/AN/AN/AN/A14.31%N/AN/AN/A
PCH
POTLATCHDELTIC CORP
$3.27B$41.19$48.3317.34%Hold30.38%106.31%N/AN/A
AMT
AMERICAN TOWER CORP
$79.89B$171.30$220.2928.60%Buy7-0.23%63.39%N/AN/A
EPR
EPR PROPERTIES
$3.06B$40.41$49.0021.26%Buy8-4.07%33.96%N/AN/A
IRM
IRON MOUNTAIN INC
$21.95B$75.10$75.250.20%Buy49.83%95.40%N/AN/A
RYN
RAYONIER INC
$4.51B$30.35$33.6710.93%Hold3-7.94%N/AN/AN/A
LAND
GLADSTONE LAND CORP
$454.79M$12.69$20.0057.60%Strong Buy15.11%N/AN/AN/A
OUT
OUTFRONT MEDIA INC
$2.46B$14.83N/AN/AN/AN/A1.81%N/AN/AN/A
UNIT
UNITI GROUP INC
$1.27B$5.31$6.1716.14%Hold32.00%N/AN/AN/A
PW
POWER REIT
$1.73M$0.51N/AN/AN/AN/AN/AN/AN/AN/A

Specialty REIT Stocks FAQ

What are the best specialty reit stocks to buy right now in Apr 2024?

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

1. Hannon Armstrong (NYSE:HASI)


Hannon Armstrong (NYSE:HASI) is the top specialty reit stock with a Zen Score of 47, which is 16 points higher than the specialty reit industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Hannon Armstrong has seen its stock lose -13.25% over the past year, underperforming other specialty reit stocks by -10 percentage points.

Hannon Armstrong has an average 1 year price target of $32.20, an upside of 29.06% from Hannon Armstrong's current stock price of $24.95.

Hannon Armstrong stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Hannon Armstrong, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Sba Communications (NASDAQ:SBAC)


Sba Communications (NASDAQ:SBAC) is the second best specialty reit stock with a Zen Score of 42, which is 11 points higher than the specialty reit industry average of 31. It passed 15 out of 38 due diligence checks and has strong fundamentals. Sba Communications has seen its stock lose -26.1% over the past year, underperforming other specialty reit stocks by -23 percentage points.

Sba Communications has an average 1 year price target of $264.00, an upside of 34.65% from Sba Communications's current stock price of $196.06.

Sba Communications stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Sba Communications, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Crown Castle (NYSE:CCI)


Crown Castle (NYSE:CCI) is the third best specialty reit stock with a Zen Score of 41, which is 10 points higher than the specialty reit industry average of 31. It passed 15 out of 38 due diligence checks and has strong fundamentals. Crown Castle has seen its stock lose -28.72% over the past year, underperforming other specialty reit stocks by -25 percentage points.

Crown Castle has an average 1 year price target of $110.00, an upside of 15.55% from Crown Castle's current stock price of $95.20.

Crown Castle stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Crown Castle, 14.29% have issued a Strong Buy rating, 0% have issued a Buy, 85.71% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the specialty reit stocks with highest dividends?

Out of 17 specialty reit stocks that have issued dividends in the past year, the 3 specialty reit stocks with the highest dividend yields are:

1. Uniti Group (NASDAQ:UNIT)


Uniti Group (NASDAQ:UNIT) has an annual dividend yield of 11.3%, which is 6 percentage points higher than the specialty reit industry average of 5.11%. 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 -171.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Epr Properties (NYSE:EPR)


Epr Properties (NYSE:EPR) has an annual dividend yield of 8.19%, which is 3 percentage points higher than the specialty reit industry average of 5.11%. Epr Properties's dividend payout is not stable, having dropped more than 10% one 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 166.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. Outfront Media (NYSE:OUT)


Outfront Media (NYSE:OUT) has an annual dividend yield of 8.09%, which is 3 percentage points higher than the specialty reit industry average of 5.11%. 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 -45.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are specialty reit stocks up?

Specialty reit stocks were up 0.75% in the last day, and down -2.49% over the last week.

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

What are the most undervalued specialty reit stocks?

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

1. Gaming & Leisure Properties (NASDAQ:GLPI)


Gaming & Leisure Properties (NASDAQ:GLPI) is the most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Gaming & Leisure Properties has a valuation score of 71, which is 34 points higher than the specialty reit industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Gaming & Leisure Properties's stock has dropped -17.04% in the past year. It has underperformed other stocks in the specialty reit industry by -14 percentage points.

2. Afc Gamma (NASDAQ:AFCG)


Afc Gamma (NASDAQ:AFCG) is the second most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Afc Gamma has a valuation score of 71, which is 34 points higher than the specialty reit industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Afc Gamma's stock has dropped -1.52% in the past year. It has overperformed other stocks in the specialty reit industry by 2 percentage points.

3. Farmland Partners (NYSE:FPI)


Farmland Partners (NYSE:FPI) is the third most undervalued specialty reit stock based on WallStreetZen's Valuation Score. Farmland Partners has a valuation score of 71, which is 34 points higher than the specialty reit industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Farmland Partners's stock has gained 0.94% in the past year. It has overperformed other stocks in the specialty reit industry by 4 percentage points.

Are specialty reit stocks a good buy now?

56.25% of specialty reit stocks rated by analysts are a buy right now. On average, analysts expect specialty reit stocks to rise by 18.18% over the next year.

What is the average p/e ratio of the reit - specialty industry?

The average P/E ratio of the reit - specialty industry is 50.87x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.