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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:

Host Hotels & Resorts (NASDAQ:HST) is the top real estate stock with a Zen Score of 58, which is 33 points higher than the real estate sector average of 25. It passed 21 out of 38 due diligence checks and has strong fundamentals. Host Hotels & Resorts has seen its stock return 16.14% over the past year, overperforming other real estate stocks by 17 percentage points.

Host Hotels & Resorts has an average 1 year price target of $22.70, an upside of 19.47% from Host Hotels & Resorts's current stock price of $19.00.

Host Hotels & Resorts stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Host Hotels & Resorts, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Innovative Industrial Properties (NYSE:IIPR) is the second best real estate stock with a Zen Score of 51, which is 26 points higher than the real estate sector average of 25. It passed 18 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock return 40.57% over the past year, overperforming other real estate stocks by 42 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, an upside of 5.18% from Innovative Industrial Properties's current stock price of $96.50.

Innovative Industrial Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Innovative Industrial Properties, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Lument Finance Trust (NYSE:LFT) is the third best real estate stock with a Zen Score of 50, which is 25 points higher than the real estate sector average of 25. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lument Finance Trust has seen its stock return 24.34% over the past year, overperforming other real estate stocks by 25 percentage points.

Out of 170 real estate stocks that have issued dividends in the past year, the 3 real estate stocks with the highest dividend yields are:

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 25.62%, which is 19 percentage points higher than the real estate sector average of 6.89%. 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 -52.8% indicates that its high dividend yield might not be sustainable for the long-term.

Armour Residential Reit (NYSE:ARR) has an annual dividend yield of 22.65%, which is 16 percentage points higher than the real estate sector average of 6.89%. 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 -232.3% indicates that its high dividend yield might not be sustainable for the long-term.

Irsa Investments & Representations (NYSE:IRS) has an annual dividend yield of 21.01%, which is 14 percentage points higher than the real estate sector average of 6.89%. 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.

Real estate stocks were up 1.03% in the last day, and up 0.07% over the last week. Cherry Hill Mortgage Investment was the among the top gainers in the real estate sector, gaining 5.76% yesterday.

Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.

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

Newmark Group (NASDAQ:NMRK) is the most undervalued real estate stock based on WallStreetZen's Valuation Score. Newmark Group has a valuation score of 86, which is 59 points higher than the real estate sector average of 27. It passed 6 out of 7 valuation due diligence checks.

Newmark Group's stock has gained 53.21% in the past year. It has overperformed other stocks in the real estate sector by 54 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 44 points higher than the real estate sector average of 27. It passed 5 out of 7 valuation due diligence checks.

Getty Realty's stock has dropped -18.21% in the past year. It has underperformed other stocks in the real estate sector by -17 percentage points.

Host Hotels & Resorts (NASDAQ:HST) is the third most undervalued real estate stock based on WallStreetZen's Valuation Score. Host Hotels & Resorts has a valuation score of 71, which is 44 points higher than the real estate sector average of 27. It passed 5 out of 7 valuation due diligence checks.

Host Hotels & Resorts's stock has gained 16.14% in the past year. It has overperformed other stocks in the real estate sector by 17 percentage points.