Sectors & IndustriesReal EstateREIT - Residential

Best Residential REIT Stocks to Buy Now (2024)

Top residential reit stocks in 2024 ranked by overall Zen Score. See the best residential reit stocks to buy now, according to analyst forecasts for the reit - residential industry.

According to Zen Score, the 3 best residential reit stocks to buy right now are:

Invitation Homes (NYSE:INVH) is the top residential reit stock with a Zen Score of 41, which is 15 points higher than the residential reit industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Invitation Homes has seen its stock return 0.87% over the past year, underperforming other residential reit stocks by -1 percentage points.

Invitation Homes has an average 1 year price target of $38.18, an upside of 9.78% from Invitation Homes's current stock price of $34.78.

Invitation Homes stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Invitation Homes, 27.27% have issued a Strong Buy rating, 36.36% have issued a Buy, 36.36% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Mid America Apartment Communities (NYSE:MAA) is the second best residential reit stock with a Zen Score of 38, which is 12 points higher than the residential reit industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. Mid America Apartment Communities has seen its stock lose -10.8% over the past year, underperforming other residential reit stocks by -12 percentage points.

Mid America Apartment Communities has an average 1 year price target of $141.32, an upside of 4.32% from Mid America Apartment Communities's current stock price of $135.47.

Mid America Apartment Communities stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Mid America Apartment Communities, 27.27% have issued a Strong Buy rating, 9.09% have issued a Buy, 63.64% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Udr (NYSE:UDR) is the third best residential reit stock with a Zen Score of 37, which is 11 points higher than the residential reit industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. Udr has seen its stock lose -5.15% over the past year, underperforming other residential reit stocks by -7 percentage points.

Udr has an average 1 year price target of $39.62, an upside of 1.47% from Udr's current stock price of $39.04.

Udr stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Udr, 30.77% have issued a Strong Buy rating, 15.38% have issued a Buy, 53.85% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 18 residential reit stocks that have issued dividends in the past year, the 3 residential reit stocks with the highest dividend yields are:

Clipper Realty (NYSE:CLPR) has an annual dividend yield of 7.11%, which is 3 percentage points higher than the residential reit industry average of 3.74%. Clipper Realty's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Clipper Realty's dividend has shown consistent growth over the last 10 years.

Clipper Realty's dividend payout ratio of -108.6% indicates that its high dividend yield might not be sustainable for the long-term.

Brt Apartments (NYSE:BRT) has an annual dividend yield of 5.53%, which is 2 percentage points higher than the residential reit industry average of 3.74%. Brt Apartments's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Brt Apartments's dividend has shown consistent growth over the last 10 years.

Brt Apartments's dividend payout ratio of 500% indicates that its high dividend yield might not be sustainable for the long-term.

Nexpoint Residential Trust (NYSE:NXRT) has an annual dividend yield of 4.92%, which is 1 percentage points higher than the residential reit industry average of 3.74%. Nexpoint Residential Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nexpoint Residential Trust's dividend has shown consistent growth over the last 10 years.

Nexpoint Residential Trust's dividend payout ratio of 60.9% indicates that its high dividend yield is sustainable for the long-term.

Residential reit stocks were down -0.33% in the last day, and up 1.81% over the last week.

We couldn't find a catalyst for why residential reit stocks are down.

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

Camden Property Trust (NYSE:CPT) is the most undervalued residential reit stock based on WallStreetZen's Valuation Score. Camden Property Trust has a valuation score of 43, which is 26 points higher than the residential reit industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Camden Property Trust's stock has dropped -3.57% in the past year. It has underperformed other stocks in the residential reit industry by -5 percentage points.

Equity Residential (NYSE:EQR) is the second most undervalued residential reit stock based on WallStreetZen's Valuation Score. Equity Residential has a valuation score of 29, which is 12 points higher than the residential reit industry average of 17. It passed 2 out of 7 valuation due diligence checks.

Equity Residential's stock has gained 6.62% in the past year. It has overperformed other stocks in the residential reit industry by 5 percentage points.

Mid America Apartment Communities (NYSE:MAA) is the third most undervalued residential reit stock based on WallStreetZen's Valuation Score. Mid America Apartment Communities has a valuation score of 29, which is 12 points higher than the residential reit industry average of 17. It passed 2 out of 7 valuation due diligence checks.

Mid America Apartment Communities's stock has dropped -10.8% in the past year. It has underperformed other stocks in the residential reit industry by -12 percentage points.