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Best Real Estate Stocks to Buy Now (2023)
Top real estate stocks in 2023 ranked by overall Zen Score. See the best real estate stocks to buy now, according to analyst forecasts for the real estate sector.

Sector: Real Estate
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
MPW
MEDICAL PROPERTIES TRUST INC
NYSE
REIT - Healthcare Facilities
$4.51B$7.533.58%$1.66B5.02x1.29
STAR
ISTAR INC
NYSE
REIT - Diversified
$631.30M$7.276.13%$427.33M1.48x1.30
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC
NYSE
REIT - Industrial
$2.12B$75.772.21%$233.99M13.60x0.23
CHCI
COMSTOCK HOLDING COMPANIES INC
NASDAQ
Real Estate - Diversified
$48.01M$5.07-2.50%$5.77M6.18x0.45
AXR
AMREP CORP
NYSE
Real Estate Services
$71.52M$13.610.59%$22.40M2.43x0.05
HST
HOST HOTELS & RESORTS INC
NYSE
REIT - Hotel & Motel
$10.74B$15.061.35%$1.48B16.92x0.80
RMR
RMR GROUP INC
NASDAQ
Real Estate Services
$814.42M$25.774.46%$45.99M13.15x0.94
BDN
BRANDYWINE REALTY TRUST
NYSE
REIT - Office
$731.56M$4.263.15%$300.63M13.74x1.38
EQIX
EQUINIX INC
NASDAQ
REIT - Specialty
$63.22B$681.702.30%$2.92B88.65x1.63
BRT
BRT APARTMENTS CORP
NYSE
REIT - Residential
$361.25M$18.871.45%$91.10M7.07x1.93
SRC
SPIRIT REALTY CAPITAL INC
NYSE
REIT - Diversified
$5.40B$38.182.50%$697.02M18.72x0.86
PDM
PIEDMONT OFFICE REALTY TRUST INC
NYSE
REIT - Office
$830.88M$6.722.91%$427.88M5.65x1.21
LAMR
LAMAR ADVERTISING CO
NASDAQ
REIT - Specialty
$9.63B$94.622.86%$933.06M21.90x4.42
NMRK
NEWMARK GROUP INC
NASDAQ
Real Estate Services
$1.12B$6.470.31%$322.12M14.07x2.03
PSA
PUBLIC STORAGE
NYSE
REIT - Industrial
$50.37B$286.601.54%$5.37B12.12x0.73
PCH
POTLATCHDELTIC CORP
NASDAQ
REIT - Specialty
$3.74B$46.900.39%$524.95M10.22x0.57
LSEA
LANDSEA HOMES CORP
NASDAQ
Real Estate - Development
$245.45M$6.14-0.24%$104.50M3.59x1.11
CSGP
COSTAR GROUP INC
NASDAQ
Real Estate Services
$27.31B$67.141.96%$630.71M72.19x0.22
CBRE
CBRE GROUP INC
NYSE
Real Estate Services
$21.34B$68.86-0.07%$2.32B15.79x1.52
CCI
CROWN CASTLE INC
NYSE
REIT - Specialty
$56.11B$129.464.61%$4.10B33.45x4.23
RITM
RITHM CAPITAL CORP
NYSE
REIT - Mortgage
$3.65B$7.711.72%$1.23B4.19x3.67
INVH
INVITATION HOMES INC
NYSE
REIT - Residential
$18.00B$29.442.65%$1.33B46.73x0.80
O
REALTY INCOME CORP
NYSE
REIT - Retail
$40.32B$61.042.99%$3.05B42.99x0.73
FOR
FORESTAR GROUP INC
NYSE
Real Estate - Development
$752.56M$15.122.37%$212.80M4.73x0.92
NSA
NATIONAL STORAGE AFFILIATES TRUST
NYSE
REIT - Industrial
$3.60B$40.053.46%$452.18M40.45x2.23
JLL
JONES LANG LASALLE INC
NYSE
Real Estate Services
$6.54B$137.450.18%$1.16B10.17x1.57
SELF
GLOBAL SELF STORAGE INC
NASDAQ
REIT - Industrial
$56.64M$5.100.61%$5.41M17.59x0.40
STWD
STARWOOD PROPERTY TRUST INC
NYSE
REIT - Mortgage
$5.23B$16.851.94%$1.66B6.02x11.12
SAFE
SAFEHOLD INC
NYSE
REIT - Diversified
$1.81B$28.942.05%$276.31M13.10x1.72
DEI
DOUGLAS EMMETT INC
NYSE
REIT - Office
$2.00B$11.395.07%$608.87M20.71x2.14
GLPI
GAMING & LEISURE PROPERTIES INC
NASDAQ
REIT - Specialty
$12.99B$49.522.04%$1.27B18.27x1.80
HIW
HIGHWOODS PROPERTIES INC
NYSE
REIT - Office
$2.19B$20.784.84%$552.05M13.95x1.45
REG
REGENCY CENTERS CORP
NASDAQ
REIT - Retail
$9.99B$58.342.91%$948.75M20.69x0.77
DEA
EASTERLY GOVERNMENT PROPERTIES INC
NYSE
REIT - Office
$1.16B$12.732.58%$177.11M37.44x1.14
BXP
BOSTON PROPERTIES INC
NYSE
REIT - Office
$7.75B$49.424.33%$2.04B9.13x2.58
CHCT
COMMUNITY HEALTHCARE TRUST INC
NYSE
REIT - Healthcare Facilities
$914.25M$35.132.60%$67.13M43.37x0.76
WY
WEYERHAEUSER CO
NYSE
REIT - Specialty
$20.90B$28.540.85%$3.06B11.28x0.61
OUT
OUTFRONT MEDIA INC
NYSE
REIT - Specialty
$2.50B$15.182.85%$439.80M18.07x3.45
PINE
ALPINE INCOME PROPERTY TRUST INC
NYSE
REIT - Diversified
$229.80M$16.352.77%$62.50M6.59x1.06
AIV
APARTMENT INVESTMENT & MANAGEMENT CO
NYSE
REIT - Residential
$1.04B$7.133.18%$325.80M14.26x2.54
CWK
CUSHMAN & WAKEFIELD PLC
NYSE
Real Estate Services
$2.21B$9.790.20%$780.20M11.25x3.79
CUZ
COUSINS PROPERTIES INC
NYSE
REIT - Office
$2.92B$19.264.11%$534.92M17.35x0.63
DX
DYNEX CAPITAL INC
NYSE
REIT - Mortgage
$632.58M$11.753.07%$243.59M3.68x3.00
EPRT
ESSENTIAL PROPERTIES REALTY TRUST INC
NYSE
REIT - Diversified
$3.42B$23.722.64%$264.06M23.96x0.60
NNN
NATIONAL RETAIL PROPERTIES INC
NYSE
REIT - Retail
$7.62B$41.972.07%$706.53M22.21x0.98
OFC
CORPORATE OFFICE PROPERTIES TRUST
NYSE
REIT - Office
$2.50B$22.221.46%$378.24M14.43x1.49
DOC
PHYSICIANS REALTY TRUST
NYSE
REIT - Healthcare Facilities
$3.42B$14.373.75%$366.24M31.24x0.73
BRX
BRIXMOR PROPERTY GROUP INC
NYSE
REIT - Retail
$6.09B$20.282.58%$891.35M17.19x1.94
AHH
ARMADA HOFFLER PROPERTIES INC
NYSE
REIT - Diversified
$763.13M$11.273.21%$169.94M11.99x2.07
WSR
WHITESTONE REIT
NYSE
REIT - Retail
$433.45M$8.773.54%$94.59M12.18x1.62
MAA
MID AMERICA APARTMENT COMMUNITIES INC
NYSE
REIT - Residential
$16.71B$143.342.39%$1.33B26.11x0.84
SITC
SITE CENTERS CORP
NYSE
REIT - Retail
$2.42B$11.491.77%$449.96M15.53x0.94
TCI
TRANSCONTINENTAL REALTY INVESTORS INC
NYSE
Real Estate Services
$365.01M$42.250.09%$604.38M0.78x0.46
APLE
APPLE HOSPITALITY REIT INC
NYSE
REIT - Hotel & Motel
$3.22B$14.061.52%$388.18M22.32x0.50
KRC
KILROY REALTY CORP
NYSE
REIT - Office
$3.43B$29.265.98%$675.28M14.78x0.94
REXR
REXFORD INDUSTRIAL REALTY INC
NYSE
REIT - Industrial
$11.02B$56.013.17%$412.87M60.88x0.36
IRT
INDEPENDENCE REALTY TRUST INC
NYSE
REIT - Residential
$3.41B$15.223.05%$457.05M28.72x0.78
AFCG
AFC GAMMA INC
NASDAQ
REIT - Specialty
$251.40M$12.271.83%$36.96M6.82x0.53
ARE
ALEXANDRIA REAL ESTATE EQUITIES INC
NYSE
REIT - Office
$20.75B$119.863.27%$1.62B37.69x0.68
TRNO
TERRENO REALTY CORP
NYSE
REIT - Industrial
$4.76B$61.783.69%$271.36M23.67x0.42
AAT
AMERICAN ASSETS TRUST INC
NYSE
REIT - Diversified
$1.04B$17.093.70%$225.08M23.74x1.48
ACRE
ARES COMMERCIAL REAL ESTATE CORP
NYSE
REIT - Mortgage
$484.91M$8.883.02%$30.26M15.31x2.38
HT
HERSHA HOSPITALITY TRUST
NYSE
REIT - Hotel & Motel
$239.60M$6.031.86%$269.32M1.96x1.07
CIO
CITY OFFICE REIT INC
NYSE
REIT - Office
$245.15M$6.142.16%$106.49M26.70x0.96
ABR
ARBOR REALTY TRUST INC
NYSE
REIT - Mortgage
$2.00B$11.112.49%$411.88M6.46x4.76
ARI
APOLLO COMMERCIAL REAL ESTATE FINANCE INC
NYSE
REIT - Mortgage
$1.29B$9.142.81%$265.94M5.16x3.06
STRS
STRATUS PROPERTIES INC
NASDAQ
Real Estate - Diversified
$155.18M$18.970.21%$168.85M0.99x0.81
LTC
LTC PROPERTIES INC
NYSE
REIT - Healthcare Facilities
$1.37B$33.123.24%$168.96M13.30x0.97
FCPT
FOUR CORNERS PROPERTY TRUST INC
NYSE
REIT - Hotel & Motel
$2.24B$26.052.92%$175.89M21.71x0.93
GMRE
GLOBAL MEDICAL REIT INC
NYSE
REIT - Healthcare Facilities
$553.69M$8.453.68%$84.38M42.25x1.18
BEKE
KE HOLDINGS INC
NYSE
Real Estate Services
$22.98B$18.36-2.34%$262.91M-108.00x0.59
AMH
AMERICAN HOMES 4 RENT
NYSE
REIT - Residential
$10.80B$29.843.22%$834.54M41.44x0.77
BFS
SAUL CENTERS INC
NYSE
REIT - Retail
$893.65M$37.373.18%$143.10M22.93x3.28
HASI
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC
NYSE
REIT - Specialty
$2.37B$26.002.52%$168.44M55.32x1.90
RPT
RPT REALTY
NYSE
REIT - Retail
$774.03M$8.951.94%$199.22M9.84x1.01
RC
READY CAPITAL CORP
NYSE
REIT - Mortgage
$1.09B$9.823.15%$216.00M5.68x5.43
EPR
EPR PROPERTIES
NYSE
REIT - Retail
$2.66B$35.292.50%$472.29M17.38x1.27
SBAC
SBA COMMUNICATIONS CORP
NASDAQ
REIT - Specialty
$27.70B$256.413.85%$1.63B60.05x-3.01
DLR
DIGITAL REALTY TRUST INC
NYSE
REIT - Office
$27.48B$94.370.92%$2.29B79.97x1.24
PK
PARK HOTELS & RESORTS INC
NYSE
REIT - Hotel & Motel
$2.50B$11.262.18%$678.00M15.86x1.25
ARL
AMERICAN REALTY INVESTORS INC
NYSE
Real Estate - Development
$421.57M$26.10-6.38%$510.76M1.13x0.63
STAG
STAG INDUSTRIAL INC
NYSE
REIT - Industrial
$5.87B$32.712.67%$531.38M32.71x0.81
DRH
DIAMONDROCK HOSPITALITY CO
NYSE
REIT - Hotel & Motel
$1.55B$7.400.82%$266.92M15.74x1.01
OPAD
OFFERPAD SOLUTIONS INC
NYSE
Real Estate Services
$128.89M$0.521.17%-$101.24M-0.85x5.77
XHR
XENIA HOTELS & RESORTS INC
NYSE
REIT - Hotel & Motel
$1.35B$12.150.75%$272.97M24.80x1.12
WPC
W P CAREY INC
NYSE
REIT - Diversified
$16.27B$77.262.73%$1.37B25.75x1.01
AVB
AVALONBAY COMMUNITIES INC
NYSE
REIT - Residential
$22.07B$157.732.38%$2.20B19.40x0.82
SUI
SUN COMMUNITIES INC
NYSE
REIT - Residential
$16.55B$133.352.81%$1.06B66.68x1.15
CPT
CAMDEN PROPERTY TRUST
NYSE
REIT - Residential
$10.66B$99.891.26%$1.35B16.46x0.86
VICI
VICI PROPERTIES INC
NYSE
REIT - Diversified
$31.17B$31.063.33%$1.66B24.46x0.70
RMAX
RE/MAX HOLDINGS INC
NYSE
Real Estate Services
$306.32M$17.19-0.23%$70.15M52.09x1.38
GTY
GETTY REALTY CORP
NYSE
REIT - Retail
$1.64B$35.003.34%$157.61M18.62x1.06
OHI
OMEGA HEALTHCARE INVESTORS INC
NYSE
REIT - Healthcare Facilities
$6.17B$26.352.41%$997.14M14.56x1.55
AMT
AMERICAN TOWER CORP
NYSE
REIT - Specialty
$92.95B$199.624.17%$6.28B52.12x9.83
LADR
LADDER CAPITAL CORP
NYSE
REIT - Mortgage
$1.17B$9.223.25%$202.89M8.09x2.88
SHO
SUNSTONE HOTEL INVESTORS INC
NYSE
REIT - Hotel & Motel
$1.86B$8.950.90%$245.50M26.32x0.48
EXPI
EXP WORLD HOLDINGS INC
NASDAQ
Real Estate Services
$1.80B$11.792.43%$12.54M117.90x0.54
PW
POWER REIT
NYSEMKT
REIT - Specialty
$11.56M$3.41-7.59%$5.99M4.61x0.82
PLD
PROLOGIS INC
NYSE
REIT - Industrial
$108.07B$117.032.52%$5.62B27.34x0.56
IRM
IRON MOUNTAIN INC
NYSE
REIT - Specialty
$14.68B$50.451.84%$1.86B26.28x24.35

Real Estate Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
13-0.62%-1.42%-2.73%-22.84%7.42x0.69x+12.90%+6.02%+1.79%+20.93%Buy
7+0.67%-0.02%-5.87%-32.37%26.21x1.49x+8.64%+3.79%+0.10%+14.16%Strong Buy
37+0.03%-2.47%-9.35%-26.52%5.67x2.36x+4.42%+3.33%+4.87%+41.96%Buy
27+2.49%-0.50%-10.37%-28.44%20.65x1.27x+4.99%+2.91%N/A+38.17%Buy
17+2.57%-1.83%-10.52%-24.05%23.27x1.34x+2.75%+1.19%+0.12%+28.43%Buy
18+1.39%-3.64%-14.85%-22.36%23.15x1.15x-3.88%+3.00%+0.25%+40.74%Buy
18+2.25%-1.58%-3.25%-25.97%12.88x2.46x+16.11%+8.49%+0.02%+23.17%Buy
40+2.57%+2.00%-15.25%-37.11%3.36x0.65x+2.23%+0.31%+0.00%+32.31%Buy
26+3.02%-3.15%-20.91%-53.53%37.66x0.91x+3.32%+1.32%N/A+49.82%Hold
18+2.28%-1.79%-11.70%-34.26%40.43x2.12x+8.62%+3.90%N/A+31.73%Buy
27+2.43%+0.46%-10.57%-17.99%23.63x1.76x+19.23%+3.31%N/A+14.92%Buy
17+2.84%-0.64%-2.02%-16.29%49.21x7.33x+20.60%+3.99%+6.37%+25.35%Buy

Real Estate Stocks FAQ

What are the best real estate stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best real estate stocks to buy right now are:

1. Medical Properties Trust (NYSE:MPW)


Medical Properties Trust (NYSE:MPW) is the top real estate stock with a Zen Score of 54, which is 27 points higher than the real estate sector average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Medical Properties Trust has seen its stock lose -63.09% over the past year, underperforming other real estate stocks by -35 percentage points.

Medical Properties Trust has an average 1 year price target of $15.25, an upside of 102.52% from Medical Properties Trust's current stock price of $7.53.

Medical Properties Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Medical Properties Trust, 41.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Istar (NYSE:STAR)


Istar (NYSE:STAR) is the second best real estate stock with a Zen Score of 53, which is 26 points higher than the real estate sector average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Istar has seen its stock lose -69.49% over the past year, underperforming other real estate stocks by -41 percentage points.

Istar has an average 1 year price target of $21.00, an upside of 188.86% from Istar's current stock price of $7.27.

Istar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Istar, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Innovative Industrial Properties (NYSE:IIPR)


Innovative Industrial Properties (NYSE:IIPR) is the third best real estate stock with a Zen Score of 52, which is 25 points higher than the real estate sector average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock lose -62.14% over the past year, underperforming other real estate stocks by -34 percentage points.

Innovative Industrial Properties has an average 1 year price target of $156.00, an upside of 105.89% from Innovative Industrial Properties's current stock price of $75.77.

Innovative Industrial Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Innovative Industrial Properties, 50% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the real estate stocks with highest dividends?

Out of 191 real estate stocks that have issued dividends in the past year, the 3 real estate stocks with the highest dividend yields are:

1. Istar (NYSE:STAR)


Istar (NYSE:STAR) has an annual dividend yield of 34.3%, which is 27 percentage points higher than the real estate sector average of 7.22%. Istar's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Istar's dividend has shown consistent growth over the last 10 years.

Istar's dividend payout ratio of 53.2% indicates that its high dividend yield is sustainable for the long-term.

2. Armour Residential Reit (NYSE:ARR)


Armour Residential Reit (NYSE:ARR) has an annual dividend yield of 23.51%, which is 16 percentage points higher than the real estate sector average of 7.22%. Armour Residential Reit's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Armour Residential Reit's dividend has not shown consistent growth over the last 10 years.

Armour Residential Reit's dividend payout ratio of -58.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Invesco Mortgage Capital (NYSE:IVR)


Invesco Mortgage Capital (NYSE:IVR) has an annual dividend yield of 21.16%, which is 14 percentage points higher than the real estate sector average of 7.22%. Invesco Mortgage Capital's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Invesco Mortgage Capital's dividend has not shown consistent growth over the last 10 years.

Invesco Mortgage Capital's dividend payout ratio of -25.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are real estate stocks up?

Real estate stocks were up 2.1% in the last day, and down -1.21% over the last week.

We couldn't find a catalyst for why real estate stocks are up.

What are the most undervalued real estate stocks?

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

1. Landsea Homes (NASDAQ:LSEA)


Landsea Homes (NASDAQ:LSEA) is the most undervalued real estate stock based on WallStreetZen's Valuation Score. Landsea Homes has a valuation score of 100, which is 71 points higher than the real estate sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Landsea Homes's stock has dropped -28.85% in the past year. It has underperformed other stocks in the real estate sector by -1 percentage points.

2. Afc Gamma (NASDAQ:AFCG)


Afc Gamma (NASDAQ:AFCG) is the second most undervalued real estate stock based on WallStreetZen's Valuation Score. Afc Gamma has a valuation score of 100, which is 71 points higher than the real estate sector average of 29. 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 real estate sector by -10 percentage points.

3. Stratus Properties (NASDAQ:STRS)


Stratus Properties (NASDAQ:STRS) is the third most undervalued real estate stock based on WallStreetZen's Valuation Score. Stratus Properties has a valuation score of 100, which is 71 points higher than the real estate sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Stratus Properties's stock has dropped -55.21% in the past year. It has underperformed other stocks in the real estate sector by -27 percentage points.

Are real estate stocks a good buy now?

45.06% of real estate stocks rated by analysts are a buy right now. On average, analysts expect real estate stocks to rise by 29.2% over the next year.

What is the average p/e ratio of the real estate sector?

The average P/E ratio of the real estate sector is 28.19x.
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.