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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.

Sector: Real Estate
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
HST
HOST HOTELS & RESORTS INC
58
71
43
44
50
80
CHCI
COMSTOCK HOLDING COMPANIES INC
54
71
86
0
60
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC
51
71
43
11
50
80
LFT
LUMENT FINANCE TRUST INC
50
71
29
22
70
60
CBRE
CBRE GROUP INC
49
43
57
56
40

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Real Estate Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
13+0.91%+4.01%+5.39%-0.43%12.69x1.11x+11.89%+6.83%+4.45%-4.42%Buy
5+0.69%+1.31%+1.44%+6.70%16.75x1.86x-3.18%-0.52%+0.10%N/A
44+0.53%-0.39%+3.40%+9.68%47.40x2.53x-3.52%+2.19%+3.68%+10.08%Buy
19+0.77%+0.16%+6.18%-11.28%12.57x1.17x+6.95%+3.95%N/A+11.27%Buy
17+0.88%+0.60%+2.25%+5.31%13.51x1.58x+1.54%+0.73%N/A+8.17%Buy
16-0.30%-2.20%-1.73%+24.36%19.95x1.52x+72.74%+4.05%+0.00%+5.46%Hold
17+0.69%+1.34%+3.34%+5.97%33.64x2.39x+8.66%+4.66%+0.03%+3.78%Buy
38+0.83%-0.44%+5.11%+3.03%40.73x0.75x-0.08%+0.13%N/A+25.72%Buy
23+1.68%-0.33%+6.27%+20.00%100.75x0.95x-0.07%+0.05%N/A+3.16%Hold
21+1.29%-0.27%+4.65%+5.80%16.12x2.29x+7.32%+3.35%N/A+5.31%Buy
28+0.90%+0.51%+2.49%+9.87%35.99x2.06x+24.83%+3.60%N/A+5.87%Buy
19+0.57%+1.50%-1.21%+11.91%56.23x6.20x+17.37%+3.10%+5.11%+2.85%Buy

Real Estate Stocks FAQ

What are the best real estate stocks to buy right now in Mar 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 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 35.61% over the past year, overperforming other real estate stocks by 27 percentage points.

Host Hotels & Resorts has an average 1 year price target of $22.18, an upside of 7.26% from Host Hotels & Resorts's current stock price of $20.68.

Host Hotels & Resorts stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Host Hotels & Resorts, 54.55% have issued a Strong Buy rating, 27.27% have issued a Buy, 18.18% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Comstock Holding Companies (NASDAQ:CHCI)


Comstock Holding Companies (NASDAQ:CHCI) is the second best real estate stock with a Zen Score of 54, which is 29 points higher than the real estate sector average of 25. It passed 17 out of 33 due diligence checks and has strong fundamentals. Comstock Holding Companies has seen its stock return 4.95% over the past year, underperforming other real estate stocks by -3 percentage points.

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 38.02% over the past year, overperforming other real estate stocks by 30 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -1.97% from Innovative Industrial Properties's current stock price of $103.54.

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 173 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 37.25%, which is 30 percentage points higher than the real estate sector average of 7.16%. 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. Cherry Hill Mortgage Investment (NYSE:CHMI)


Cherry Hill Mortgage Investment (NYSE:CHMI) has an annual dividend yield of 24.58%, which is 17 percentage points higher than the real estate sector average of 7.16%. Cherry Hill Mortgage Investment's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Cherry Hill Mortgage Investment's dividend has not shown consistent growth over the last 10 years.

Cherry Hill Mortgage Investment's dividend payout ratio of -42.4% 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 22.67%, which is 16 percentage points higher than the real estate sector average of 7.16%. 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 up?

Real estate stocks were up 0.8% in the last day, and up 0.54% over the last week. Avalon Globocare was the among the top gainers in the real estate sector, gaining 5.96% yesterday.

Avalon GloboCare shares are trading higher after the company announced the extension of its exclusive distribution agreement with Qi Diagnostics to distribute the KetoAir Breathalyzer Device and related accessories in North America, South America, the United Kingdom and the EU.

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. Newmark Group (NASDAQ:NMRK)


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 71.67% in the past year. It has overperformed other stocks in the real estate sector by 63 percentage points.

2. Getty Realty (NYSE:GTY)


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 -22.3% in the past year. It has underperformed other stocks in the real estate sector by -31 percentage points.

3. Innovative Industrial Properties (NYSE:IIPR)


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

Innovative Industrial Properties's stock has gained 38.02% in the past year. It has overperformed other stocks in the real estate sector by 30 percentage points.

Are real estate stocks a good buy now?

41.99% of real estate stocks rated by analysts are a buy right now. On average, analysts expect real estate stocks to rise by 6.03% 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 39.04x.
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.