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.

Sector: Real Estate

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
ARL	AMERICAN REALTY INVESTORS INC	$222.58M	N/A	0.00%	N/A	N/A	N/A	N/A
SLG	SL GREEN REALTY CORP	$3.23B	6.31%	-35.20%	$0.2500	$3.15	85%	4		2024-05-15
BHR	BRAEMAR HOTELS & RESORTS INC	$181.60M	7.33%	-17.70%	$0.0500	$0.20	88%	2	2024-06-28	2024-07-15
MPW	MEDICAL PROPERTIES TRUST INC	$2.76B	16.09%	-94.60%	$0.1500	$0.74	98%	1		2024-05-01
AIRC	APARTMENT INCOME REIT CORP	$5.56B	1.17%	21.00%	$0.4500	$0.45	22%	0
CLDT	CHATHAM LODGING TRUST	$448.45M	3.05%	-254.50%	$0.0700	$0.28	55%	2
SAFE	SAFEHOLD INC	$1.30B	3.88%	-199.60%	$0.1770	$0.71	66%	2
CSR	CENTERSPACE	$1.00B	4.37%	-350.00%	$0.7500	$2.94	72%	1
XIN	XINYUAN REAL ESTATE CO LTD	$14.80M	N/A	N/A	$0.2500	N/A	N/A	1
OPI	OFFICE PROPERTIES INCOME TRUST	$98.48M	25.74%	-52.80%	$0.0100	$0.52	99%	4		2024-05-16
RWT	REDWOOD TRUST INC	$727.62M	11.57%	-645.50%	$0.1600	$0.64	95%	2
NLY	ANNALY CAPITAL MANAGEMENT INC	$9.37B	13.87%	-72.00%	$0.6500	$2.60	97%	6
BHM	BLUEROCK HOMES TRUST INC	$65.30M	N/A	0.00%	N/A	N/A	N/A	N/A
DHC	DIVERSIFIED HEALTHCARE TRUST	$567.39M	1.69%	-3.30%	$0.0100	$0.04	33%	3		2024-05-16
NLOP	NET LEASE OFFICE PROPERTIES	$337.99M	N/A	0.00%	N/A	N/A	N/A	N/A
INN	SUMMIT HOTEL PROPERTIES INC	$646.64M	3.99%	-88.90%	$0.0600	$0.24	67%	1
PDM	PIEDMONT OFFICE REALTY TRUST INC	$853.61M	8.49%	-95.90%	$0.1250	$0.59	90%	2	2024-05-23	2024-06-14
FRPH	FRP HOLDINGS INC	$575.91M	N/A	0.00%	N/A	N/A	N/A	N/A
FSP	FRANKLIN STREET PROPERTIES CORP	$192.38M	2.15%	-7.10%	$0.0100	$0.04	42%	3		2024-05-09
ILPT	INDUSTRIAL LOGISTICS PROPERTIES TRUST	$231.73M	1.14%	-2.40%	$0.0100	$0.04	20%	1		2024-05-16
VTR	VENTAS INC	$17.82B	4.07%	-1,800.00%	$0.4500	$1.80	69%	2
ALBT	AVALON GLOBOCARE CORP	$3.04M	N/A	0.00%	N/A	N/A	N/A	N/A
GRP.U	GRANITE REAL ESTATE INVESTMENT TRUST	$3.15B	N/A	N/A	$0.1984	N/A	N/A	5
NTST	NETSTREIT CORP	$1.24B	1.22%	450.00%	$0.2050	$0.21	23%	0
HHH	HOWARD HUGHES HOLDINGS INC	$3.27B	N/A	0.00%	N/A	N/A	N/A	N/A
HPP	HUDSON PACIFIC PROPERTIES INC	$818.44M	3.02%	-27.60%	$0.0500	$0.18	54%	2
UNIT	UNITI GROUP INC	$1.37B	10.43%	-171.40%	$0.1500	$0.60	94%	2
COLD	AMERICOLD REALTY TRUST	$6.23B	N/A	-37.30%	$0.2200	N/A	N/A	0
VRE	VERIS RESIDENTIAL INC	$1.33B	1.08%	-15.50%	$0.0525	$0.16	19%	1
HOUS	ANYWHERE REAL ESTATE INC	$536.97M	N/A	0.00%	$0.0900	N/A	N/A	0
GOOD	GLADSTONE COMMERCIAL CORP	$534.85M	8.98%	-631.60%	$0.1000	$1.20	91%	1	2024-05-16	2024-05-31
PGRE	PARAMOUNT GROUP INC	$1.01B	3.02%	-15.20%	$0.0350	$0.14	54%	3
CMTG	CLAROS MORTGAGE TRUST INC	$1.21B	N/A	3,700.00%	$0.3700	N/A	N/A	0
LRE	LEAD REAL ESTATE CO LTD	$42.29M	N/A	N/A	N/A	N/A	N/A	N/A
SOHO	SOTHERLY HOTELS INC	$26.20M	N/A	0.00%	$0.1300	N/A	N/A	0
NXDT	NEXPOINT DIVERSIFIED REAL ESTATE TRUST	$230.59M	3.43%	-6.30%	$0.0296	$0.20	60%	5
RMAX	RE/MAX HOLDINGS INC	$128.30M	6.55%	-18.10%	$0.2300	$0.46	86%	1
STRS	STRATUS PROPERTIES INC	$182.92M	N/A	0.00%	$1.0000	N/A	N/A	0
SRG	SERITAGE GROWTH PROPERTIES	$525.50M	N/A	0.00%	$0.2500	N/A	N/A	1
GIPR	GENERATION INCOME PROPERTIES INC	$20.27M	3.13%	-12.70%	$0.0390	$0.12	55%	1
MDV	MODIV INDUSTRIAL INC	$137.32M	3.20%	-70.40%	$0.0958	$0.48	56%	0
PEB	PEBBLEBROOK HOTEL TRUST	$1.75B	0.28%	-4.00%	$0.0100	$0.04	3%	3
TPHS	TRINITY PLACE HOLDINGS INC	$8.93M	N/A	0.00%	N/A	N/A	N/A	N/A
OMH	OHMYHOME LTD	$12.53M	N/A	0.00%	N/A	N/A	N/A	N/A
IVT	INVENTRUST PROPERTIES CORP	$1.72B	N/A	807.50%	$0.2052	N/A	N/A	0
MAYS	MAYS J W INC	$87.71M	N/A	0.00%	N/A	N/A	N/A	N/A
DEI	DOUGLAS EMMETT INC	$2.29B	4.16%	-292.30%	$0.1900	$0.57	70%	1
PKST	PEAKSTONE REALTY TRUST	$507.19M	N/A	-1.90%	N/A	N/A	N/A	N/A
SGD	SAFE & GREEN DEVELOPMENT CORP	$8.61M	N/A	0.00%	N/A	N/A	N/A	N/A
FLJ	FLJ GROUP LTD	$0.00	N/A	N/A	N/A	N/A	N/A	N/A
PW	POWER REIT	$1.53M	N/A	0.00%	N/A	N/A	N/A	N/A
STHO	STAR HOLDINGS	$158.37M	N/A	0.00%	N/A	N/A	N/A	N/A
ONL	ORION OFFICE REIT INC	$174.04M	N/A	-29.40%	$0.1000	N/A	N/A	0
MDRR	MEDALIST DIVERSIFIED REIT INC	$12.41M	0.54%	-4.40%	$0.0200	$0.03	8%	4
CBL	CBL & ASSOCIATES PROPERTIES INC	$701.95M	N/A	661.80%	$0.2500	N/A	N/A	0
NYC	AMERICAN STRATEGIC INVESTMENT CO	$14.33M	N/A	0.00%	$0.8000	N/A	N/A	0
WHLR	WHEELER REAL ESTATE INVESTMENT TRUST INC	$9.25M	N/A	0.00%	$3.4000	N/A	N/A	1
AIV	APARTMENT INVESTMENT & MANAGEMENT CO	$1.16B	N/A	0.00%	$0.0200	N/A	N/A	2
AHT	ASHFORD HOSPITALITY TRUST INC	$46.36M	N/A	0.00%	$0.6000	N/A	N/A	4

Real Estate Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Real Estate - Development	12	-0.48%	+1.02%	-10.12%	-9.84%	7.21x	1.16x	+22.97%	+14.79%	+5.88%	+10.34%	Buy
Real Estate - Diversified	5	-1.38%	+1.64%	-2.21%	+0.80%	16.98x	1.75x	-2.37%	-0.15%	+0.08%	+28.91%	Strong Buy
Real Estate Services	44	-1.40%	-1.04%	-7.18%	-2.19%	61.17x	2.39x	-2.21%	+2.53%	+4.69%	+25.83%	Buy
REIT - Diversified	19	-1.10%	-1.20%	-3.11%	-10.87%	12.59x	1.12x	+7.01%	+3.99%	N/A	+15.55%	Buy
REIT - Healthcare Facilities	17	-0.32%	+1.81%	+0.91%	+1.71%	4.56x	1.56x	+1.55%	+0.77%	N/A	+8.32%	Buy
REIT - Hotel & Motel	16	-1.84%	-3.25%	-7.95%	+7.24%	18.33x	1.39x	+72.33%	+4.02%	+0.00%	+18.57%	Buy
REIT - Industrial	17	-1.21%	-1.82%	-10.29%	-7.89%	27.56x	2.02x	+8.91%	+4.73%	+0.03%	+17.89%	Buy
REIT - Mortgage	38	-1.91%	-2.73%	-5.21%	-3.72%	60.13x	0.70x	+0.07%	+0.12%	N/A	+31.64%	Buy
REIT - Office	23	-1.88%	-1.56%	-3.87%	+10.26%	54.81x	0.89x	-0.02%	+0.07%	N/A	+12.96%	Hold
REIT - Residential	21	-1.03%	+0.33%	+2.26%	-3.16%	10.81x	2.27x	+7.49%	+3.43%	N/A	+6.44%	Buy
REIT - Retail	28	-0.63%	-1.10%	-2.76%	+4.04%	36.15x	1.96x	+23.70%	+3.50%	N/A	+11.41%	Buy
REIT - Specialty	19	-2.40%	-3.83%	-9.16%	-4.90%	46.73x	5.56x	+21.12%	+3.28%	+5.27%	+20.19%	Buy

Real Estate Stocks FAQ

What are the best real estate stocks to buy right now in May 2024?

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

1. Host Hotels & Resorts (NASDAQ:HST)

Host Hotels & Resorts (NASDAQ:HST) is the top real estate stock with a Zen Score of 55, which is 30 points higher than the real estate sector average of 25. It passed 20 out of 38 due diligence checks and has strong fundamentals. Host Hotels & Resorts has seen its stock return 16.63% over the past year, overperforming other real estate stocks by 19 percentage points.

Host Hotels & Resorts has an average 1 year price target of $22.89, an upside of 21.3% from Host Hotels & Resorts's current stock price of $18.87.

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.

2. Ke Holdings (NYSE:BEKE)

Ke Holdings (NYSE:BEKE) is the second best real estate stock with a Zen Score of 55, which is 30 points higher than the real estate sector average of 25. It passed 18 out of 33 due diligence checks and has strong fundamentals. Ke Holdings has seen its stock lose -4.79% over the past year, underperforming other real estate stocks by -2 percentage points.

Ke Holdings has an average 1 year price target of $21.45, an upside of 41.87% from Ke Holdings's current stock price of $15.12.

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.

3. Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE:IIPR) is the third 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 50.75% over the past year, overperforming other real estate stocks by 53 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -1.84% from Innovative Industrial Properties's current stock price of $103.40.

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.

What are the real estate stocks with highest dividends?

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:

1. Office Properties Income Trust (NASDAQ:OPI)

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 25.74%, which is 19 percentage points higher than the real estate sector average of 6.9%. 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.

2. Armour Residential Reit (NYSE:ARR)

Armour Residential Reit (NYSE:ARR) has an annual dividend yield of 22.89%, which is 16 percentage points higher than the real estate sector average of 6.9%. 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.

3. Irsa Investments & Representations (NYSE:IRS)

Irsa Investments & Representations (NYSE:IRS) has an annual dividend yield of 22.33%, which is 15 percentage points higher than the real estate sector average of 6.9%. 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.

Why are real estate stocks down?

Real estate stocks were down -1.41% in the last day, and down -1.48% over the last week. Macerich Co was the among the top losers in the real estate sector, dropping -14.05% yesterday.

Macerich shares are trading lower following Q1 earnings.

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. Gaming & Leisure Properties (NASDAQ:GLPI)

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 -17.87% in the past year. It has underperformed other stocks in the real estate sector by -15 percentage points.

2. Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE:IIPR) is the second most undervalued real estate stock based on WallStreetZen's Valuation Score. Innovative Industrial Properties 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.

Innovative Industrial Properties's stock has gained 50.75% in the past year. It has overperformed other stocks in the real estate sector by 53 percentage points.

3. Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY) is the third 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 -18.08% in the past year. It has underperformed other stocks in the real estate sector by -16 percentage points.

Are real estate stocks a good buy now?

42.55% of real estate stocks rated by analysts are a buy right now. On average, analysts expect real estate stocks to rise by 16.44% 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 33.53x.

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.