Sectors & IndustriesReal Estate

Best Real Estate Stocks to Buy Now (2024)

Top real estate stocks in 2024 ranked by overall Zen Score. See the best real estate stocks to buy now, according to analyst forecasts for the real estate sector.

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

Ke Holdings (NYSE:BEKE) is the top real estate stock with a Zen Score of 55, which is 31 points higher than the real estate sector average of 24. It passed 18 out of 33 due diligence checks and has strong fundamentals. Ke Holdings has seen its stock return 11.08% over the past year, overperforming other real estate stocks by 11 percentage points.

Ke Holdings has an average 1 year price target of $21.45, an upside of 27.38% from Ke Holdings's current stock price of $16.84.

Ke Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ke Holdings, 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.

Host Hotels & Resorts (NASDAQ:HST) is the second best real estate stock with a Zen Score of 55, which is 31 points higher than the real estate sector average of 24. It passed 20 out of 38 due diligence checks and has strong fundamentals. Host Hotels & Resorts has seen its stock return 15.46% over the past year, overperforming other real estate stocks by 15 percentage points.

Host Hotels & Resorts has an average 1 year price target of $22.89, an upside of 24.06% from Host Hotels & Resorts's current stock price of $18.45.

Host Hotels & Resorts stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Host Hotels & Resorts, 55.56% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Comstock Holding Companies (NASDAQ:CHCI) is the third best real estate stock with a Zen Score of 51, which is 27 points higher than the real estate sector average of 24. It passed 16 out of 33 due diligence checks and has strong fundamentals. Comstock Holding Companies has seen its stock return 64.92% over the past year, overperforming other real estate stocks by 65 percentage points.

Out of 169 real estate stocks that have issued dividends in the past year, the 3 real estate stocks with the highest dividend yields are:

Irsa Investments & Representations (NYSE:IRS) has an annual dividend yield of 22.36%, which is 16 percentage points higher than the real estate sector average of 6.75%. Irsa Investments & Representations's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Irsa Investments & Representations's dividend has shown consistent growth over the last 10 years.

Irsa Investments & Representations's dividend payout ratio of 63.3% indicates that its high dividend yield is sustainable for the long-term.

Armour Residential Reit (NYSE:ARR) has an annual dividend yield of 22.09%, which is 15 percentage points higher than the real estate sector average of 6.75%. Armour Residential Reit's dividend payout is not stable, having dropped more than 10% eight 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 -1,733.3% indicates that its high dividend yield might not be sustainable for the long-term.

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 20.31%, which is 14 percentage points higher than the real estate sector average of 6.75%. Office Properties Income Trust's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Office Properties Income Trust's dividend has not shown consistent growth over the last 10 years.

Office Properties Income Trust's dividend payout ratio of -33.8% indicates that its high dividend yield might not be sustainable for the long-term.

Real estate stocks were up 1.27% in the last day, and up 0.88% over the last week. Office Properties Income Trust was the among the top gainers in the real estate sector, gaining 28% yesterday.

Office Properties Income Trust shares are trading higher after the company reported better-than-expected Q1 revenue results.

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

Gaming & Leisure Properties (NASDAQ:GLPI) is the most undervalued real estate stock based on WallStreetZen's Valuation Score. Gaming & Leisure Properties has a valuation score of 86, which is 60 points higher than the real estate sector average of 26. It passed 6 out of 7 valuation due diligence checks.

Gaming & Leisure Properties's stock has dropped -14.34% in the past year. It has underperformed other stocks in the real estate sector by -15 percentage points.

Getty Realty (NYSE:GTY) is the second most undervalued real estate stock based on WallStreetZen's Valuation Score. Getty Realty has a valuation score of 71, which is 45 points higher than the real estate sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Getty Realty's stock has dropped -15.96% in the past year. It has underperformed other stocks in the real estate sector by -16 percentage points.

Lument Finance Trust (NYSE:LFT) is the third most undervalued real estate stock based on WallStreetZen's Valuation Score. Lument Finance Trust has a valuation score of 71, which is 45 points higher than the real estate sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Lument Finance Trust's stock has gained 33.93% in the past year. It has overperformed other stocks in the real estate sector by 34 percentage points.