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 13.59% over the past year, overperforming other real estate stocks by 6 percentage points.

Ke Holdings has an average 1 year price target of $21.45, an upside of 12.07% from Ke Holdings's current stock price of $19.14.

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.

Innovative Industrial Properties (NYSE:IIPR) is the second 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 18 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock return 64.4% over the past year, overperforming other real estate stocks by 57 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -10.73% from Innovative Industrial Properties's current stock price of $113.70.

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.

Community Healthcare Trust (NYSE:CHCT) is the third best real estate stock with a Zen Score of 50, which is 26 points higher than the real estate sector average of 24. It passed 19 out of 38 due diligence checks and has strong fundamentals. Community Healthcare Trust has seen its stock lose -30.71% over the past year, underperforming other real estate stocks by -38 percentage points.

Community Healthcare Trust has an average 1 year price target of $30.33, an upside of 26.12% from Community Healthcare Trust's current stock price of $24.05.

Community Healthcare Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Community Healthcare Trust, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 22.61%, which is 16 percentage points higher than the real estate sector average of 6.49%. 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.

Granite Point Mortgage Trust (NYSE:GPMT) has an annual dividend yield of 22.52%, which is 16 percentage points higher than the real estate sector average of 6.49%. Granite Point Mortgage Trust's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Granite Point Mortgage Trust's dividend has not shown consistent growth over the last 10 years.

Granite Point Mortgage Trust's dividend payout ratio of -32.5% 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 20.82%, which is 14 percentage points higher than the real estate sector average of 6.49%. 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.

Real estate stocks were down -0.22% in the last day, and up 1.65% over the last week. Medical Properties Trust was the among the top losers in the real estate sector, dropping -5.54% yesterday.

Medical Properties Trust shares are trading lower after the company received a non-compliance notice from the NYSE over a delayed 10-Q.

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 61 points higher than the real estate sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Gaming & Leisure Properties's stock has dropped -5.31% in the past year. It has underperformed other stocks in the real estate sector by -13 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 46 points higher than the real estate sector average of 25. It passed 5 out of 7 valuation due diligence checks.

Getty Realty's stock has dropped -15.52% in the past year. It has underperformed other stocks in the real estate sector by -23 percentage points.

Apple Hospitality Reit (NYSE:APLE) is the third most undervalued real estate stock based on WallStreetZen's Valuation Score. Apple Hospitality Reit has a valuation score of 71, which is 46 points higher than the real estate sector average of 25. It passed 5 out of 7 valuation due diligence checks.

Apple Hospitality Reit's stock has dropped -3.41% in the past year. It has underperformed other stocks in the real estate sector by -11 percentage points.