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:

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 19.37% over the past year, overperforming other real estate stocks by 18 percentage points.

Host Hotels & Resorts has an average 1 year price target of $22.89, an upside of 21.36% from Host Hotels & Resorts's current stock price of $18.86.

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.

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 -4.69% over the past year, underperforming other real estate stocks by -6 percentage points.

Ke Holdings has an average 1 year price target of $21.45, an upside of 44.64% from Ke Holdings's current stock price of $14.83.

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 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 52.15% over the past year, overperforming other real estate stocks by 51 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, an upside of 3.88% from Innovative Industrial Properties's current stock price of $97.71.

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.

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 25.87%, which is 19 percentage points higher than the real estate sector average of 6.81%. 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 22.46%, which is 16 percentage points higher than the real estate sector average of 6.81%. 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.

Irsa Investments & Representations (NYSE:IRS) has an annual dividend yield of 22.45%, which is 16 percentage points higher than the real estate sector average of 6.81%. 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 0.11% in the last day, and up 1.09% over the last week. Ke Holdings was the among the top gainers in the real estate sector, gaining 7.39% yesterday.

KE Holdings shares are trading amid overall strength in Chinese stocks.

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 59 points higher than the real estate sector average of 27. It passed 6 out of 7 valuation due diligence checks.

Gaming & Leisure Properties's stock has dropped -16.45% in the past year. It has underperformed other stocks in the real estate sector by -17 percentage points.

Retail Opportunity Investments (NASDAQ:ROIC) is the second most undervalued real estate stock based on WallStreetZen's Valuation Score. Retail Opportunity Investments 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.

Retail Opportunity Investments's stock has dropped -2.93% in the past year. It has underperformed other stocks in the real estate sector by -4 percentage points.

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 52.15% in the past year. It has overperformed other stocks in the real estate sector by 51 percentage points.