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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BEKE
KE HOLDINGS INC
NYSE
Real Estate Services
$20.47B$17.101.00%$1.28B24.68x0.67
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC
NYSE
REIT - Industrial
$2.96B$104.43-0.36%$248.89M18.19x0.23
CHCT
COMMUNITY HEALTHCARE TRUST INC
NYSE
REIT - Healthcare Facilities
$664.55M$23.99-1.15%$79.07M39.33x0.92
CUBE
CUBESMART
NYSE
REIT - Industrial
$9.60B$42.690.54%$705.77M23.59x1.20
CHCI
COMSTOCK HOLDING COMPANIES INC
NASDAQ
Real Estate - Diversified
$76.69M$8.004.30%$8.27M9.88x0.34
APLE
APPLE HOSPITALITY REIT INC
NYSE
REIT - Hotel & Motel
$3.60B$14.84-0.07%$454.01M17.26x0.51
SBAC
SBA COMMUNICATIONS CORP
NASDAQ
REIT - Specialty
$21.22B$197.51-0.49%$1.62B38.43x-2.91
GLPI
GAMING & LEISURE PROPERTIES INC
NASDAQ
REIT - Specialty
$12.02B$44.270.14%$1.33B16.28x1.77
CBRE
CBRE GROUP INC
NYSE
Real Estate Services
$27.68B$90.223.18%$1.96B27.85x1.68
SHO
SUNSTONE HOTEL INVESTORS INC
NYSE
REIT - Hotel & Motel
$2.09B$10.26-0.97%$374.01M11.40x0.45
EGP
EASTGROUP PROPERTIES INC
NYSE
REIT - Industrial
$7.92B$164.49-0.38%$434.71M35.53x0.72
HST
HOST HOTELS & RESORTS INC
NASDAQ
REIT - Hotel & Motel
$12.93B$18.34-0.43%$1.65B17.81x0.82
HASI
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC
NYSE
REIT - Specialty
$3.66B$32.08-1.50%$522.35M14.07x2.01
FCPT
FOUR CORNERS PROPERTY TRUST INC
NYSE
REIT - Retail
$2.26B$24.561.36%$195.36M22.95x0.95
SPG
SIMON PROPERTY GROUP INC
NYSE
REIT - Retail
$48.15B$147.72-0.95%$4.93B18.79x9.64
NHI
NATIONAL HEALTH INVESTORS INC
NYSE
REIT - Healthcare Facilities
$2.84B$65.30-0.23%$260.98M21.41x0.97
BFS
SAUL CENTERS INC
NYSE
REIT - Retail
$884.68M$36.890.46%$151.04M21.20x4.37
GTY
GETTY REALTY CORP
NYSE
REIT - Retail
$1.51B$27.95-0.68%$143.46M23.89x0.95
O
REALTY INCOME CORP
NYSE
REIT - Retail
$47.90B$55.010.70%$3.68B50.94x0.74
LODE
COMSTOCK INC
NYSEMKT
Real Estate Services
$35.81M$0.26-6.83%$12.24M3.24x0.42
FPH
FIVE POINT HOLDINGS LLC
NYSE
Real Estate - Development
$457.66M$3.080.65%$79.57M3.42x1.26
AAT
AMERICAN ASSETS TRUST INC
NYSE
REIT - Diversified
$1.34B$21.95-1.13%$238.55M24.39x1.53
ALEX
ALEXANDER & BALDWIN INC
NYSE
REIT - Retail
$1.22B$16.77-0.95%$105.96M27.49x0.63
CSGP
COSTAR GROUP INC
NASDAQ
Real Estate Services
$36.70B$89.88-1.60%$373.10M124.83x0.23
NSA
NATIONAL STORAGE AFFILIATES TRUST
NYSE
REIT - Industrial
$2.76B$36.76-0.27%$568.20M18.57x2.68
MITT
AG MORTGAGE INVESTMENT TRUST INC
NYSE
REIT - Mortgage
$200.72M$6.811.34%$62.13M3.70x10.86
NNN
NNN REIT INC
NYSE
REIT - Retail
$7.75B$42.260.09%$805.71M19.39x1.09
RHP
RYMAN HOSPITALITY PROPERTIES INC
NYSE
REIT - Hotel & Motel
$6.34B$105.940.50%$647.51M21.10x23.87
CTRE
CARETRUST REIT INC
NYSE
REIT - Healthcare Facilities
$3.51B$24.690.57%$155.01M47.48x0.40
INVH
INVITATION HOMES INC
NYSE
REIT - Residential
$21.30B$34.78-0.57%$1.57B39.08x0.89
KRG
KITE REALTY GROUP TRUST
NYSE
REIT - Retail
$4.63B$21.09-0.75%$589.59M81.12x1.02
VTMX
VESTA REAL ESTATE CORPORATION SAB DE CV
NYSE
Real Estate - Development
$3.24B$36.61-0.19%$535.55M7.08x0.53
KRC
KILROY REALTY CORP
NYSE
REIT - Office
$3.99B$34.02-1.25%$683.64M19.55x1.10
VICI
VICI PROPERTIES INC
NYSE
REIT - Diversified
$30.77B$29.500.68%$3.40B11.61x0.72
LFT
LUMENT FINANCE TRUST INC
NYSE
REIT - Mortgage
$123.85M$2.375.80%$20.95M7.41x4.68
EQIX
EQUINIX INC
NASDAQ
REIT - Specialty
$71.91B$757.68-1.91%$3.41B75.77x1.60
EPRT
ESSENTIAL PROPERTIES REALTY TRUST INC
NYSE
REIT - Diversified
$4.76B$27.150.11%$358.41M22.07x0.55
WY
WEYERHAEUSER CO
NYSE
REIT - Specialty
$22.58B$30.97-0.51%$1.68B28.15x0.67
ABR
ARBOR REALTY TRUST INC
NYSE
REIT - Mortgage
$2.47B$13.102.02%$441.90M7.99x3.83
LAND
GLADSTONE LAND CORP
NASDAQ
REIT - Specialty
$479.88M$13.390.53%$86.49M223.17x0.89
TRNO
TERRENO REALTY CORP
NYSE
REIT - Industrial
$5.33B$55.070.11%$249.11M28.68x0.29
ALX
ALEXANDERS INC
NYSE
REIT - Retail
$1.14B$223.16-4.75%$206.20M10.66x5.05
RMR
RMR GROUP INC
NASDAQ
Real Estate Services
$754.87M$23.79-0.54%$64.56M8.78x0.66
SBRA
SABRA HEALTH CARE REIT INC
NASDAQ
REIT - Healthcare Facilities
$3.36B$14.530.28%$337.23M72.65x0.94
DLR
DIGITAL REALTY TRUST INC
NYSE
REIT - Specialty
$44.20B$141.46-1.45%$3.39B38.44x1.15
LAMR
LAMAR ADVERTISING CO
NASDAQ
REIT - Specialty
$12.25B$119.840.29%$980.53M24.56x4.52
MAA
MID AMERICA APARTMENT COMMUNITIES INC
NYSE
REIT - Residential
$15.83B$135.47-0.64%$1.29B28.40x0.86
LTC
LTC PROPERTIES INC
NYSE
REIT - Healthcare Facilities
$1.48B$34.06-0.09%$165.58M17.65x1.02
CCI
CROWN CASTLE INC
NYSE
REIT - Specialty
$43.24B$99.51-0.37%$4.06B31.00x5.32
HIW
HIGHWOODS PROPERTIES INC
NYSE
REIT - Office
$2.85B$26.88-0.22%$573.56M22.03x1.51
OPEN
OPENDOOR TECHNOLOGIES INC
NASDAQ
Real Estate Services
$1.60B$2.320.87%-$44.00M-5.52x2.79
PLD
PROLOGIS INC
NYSE
REIT - Industrial
$99.52B$107.49-0.61%$6.61B31.34x0.67
UDR
UDR INC
NYSE
REIT - Residential
$12.86B$39.040.00%$1.34B28.29x1.62
RFL
RAFAEL HOLDINGS INC
NYSE
Real Estate Services
$39.34M$1.600.63%$2.02M14.55x0.04
ROIC
RETAIL OPPORTUNITY INVESTMENTS CORP
NASDAQ
REIT - Retail
$1.59B$12.44-0.08%$217.95M41.47x1.26
FR
FIRST INDUSTRIAL REALTY TRUST INC
NYSE
REIT - Industrial
$6.32B$47.72-0.83%$501.86M21.89x0.97
REG
REGENCY CENTERS CORP
NASDAQ
REIT - Retail
$11.01B$59.570.42%$904.93M29.06x0.78
NXRT
NEXPOINT RESIDENTIAL TRUST INC
NYSE
REIT - Residential
$921.19M$35.880.34%$235.45M12.37x2.97
IRS
IRSA INVESTMENTS & REPRESENTATIONS INC
NYSE
Real Estate Services
$901.17M$11.110.09%$27.47M4.82x0.89
DEA
EASTERLY GOVERNMENT PROPERTIES INC
NYSE
REIT - Office
$1.23B$11.960.00%$162.54M62.95x1.18
EQR
EQUITY RESIDENTIAL
NYSE
REIT - Residential
$25.32B$66.80-0.36%$2.10B27.60x0.75
CUZ
COUSINS PROPERTIES INC
NYSE
REIT - Office
$3.59B$23.62-0.59%$508.75M47.24x0.71
SITC
SITE CENTERS CORP
NYSE
REIT - Retail
$2.92B$13.92-0.43%$509.45M13.65x0.83
AMT
AMERICAN TOWER CORP
NYSE
REIT - Specialty
$86.15B$184.49-1.01%$6.54B41.65x13.84
SELF
GLOBAL SELF STORAGE INC
NASDAQ
REIT - Industrial
$57.99M$5.15-1.34%$4.66M28.61x0.38
AVB
AVALONBAY COMMUNITIES INC
NYSE
REIT - Residential
$27.99B$196.89-0.13%$1.99B29.30x0.76
ARE
ALEXANDRIA REAL ESTATE EQUITIES INC
NYSE
REIT - Office
$21.26B$121.590.87%$1.41B113.64x0.81
ADC
AGREE REALTY CORP
NYSE
REIT - Retail
$6.05B$60.151.11%$448.15M35.38x0.52
RC
READY CAPITAL CORP
NYSE
REIT - Mortgage
$1.41B$8.37-3.35%$198.13M5.23x3.97
AHH
ARMADA HOFFLER PROPERTIES INC
NYSE
REIT - Diversified
$770.00M$11.48-0.61%$149.37M127.56x3.15
FPI
FARMLAND PARTNERS INC
NYSE
REIT - Specialty
$538.85M$11.190.45%$60.41M20.35x0.79
SKT
TANGER INC
NYSE
REIT - Retail
$3.04B$27.820.18%$264.82M30.24x3.10
CPT
CAMDEN PROPERTY TRUST
NYSE
REIT - Residential
$11.36B$106.64-0.18%$1.16B26.01x0.84
ELS
EQUITY LIFESTYLE PROPERTIES INC
NYSE
REIT - Residential
$11.71B$62.79-0.40%$673.98M34.13x2.84
PCH
POTLATCHDELTIC CORP
NASDAQ
REIT - Specialty
$3.43B$43.170.49%$188.23M74.43x0.58
REXR
REXFORD INDUSTRIAL REALTY INC
NYSE
REIT - Industrial
$9.83B$45.11-0.42%$552.61M41.39x0.49
STAG
STAG INDUSTRIAL INC
NYSE
REIT - Industrial
$6.45B$35.42-0.59%$558.32M35.42x0.86
OHI
OMEGA HEALTHCARE INVESTORS INC
NYSE
REIT - Healthcare Facilities
$7.58B$30.69-0.20%$831.58M27.40x1.51
AMH
AMERICAN HOMES 4 RENT
NYSE
REIT - Residential
$13.21B$36.07-0.91%$974.44M36.81x0.72
ESS
ESSEX PROPERTY TRUST INC
NYSE
REIT - Residential
$16.63B$258.95-0.24%$1.29B31.66x1.29
GMRE
GLOBAL MEDICAL REIT INC
NYSE
REIT - Healthcare Facilities
$583.07M$8.89-1.55%$91.13M38.65x1.16
UE
URBAN EDGE PROPERTIES
NYSE
REIT - Retail
$2.04B$17.160.00%$501.27M7.46x1.74
DRH
DIAMONDROCK HOSPITALITY CO
NYSE
REIT - Hotel & Motel
$1.79B$8.51-0.12%$267.55M23.64x0.97
PECO
PHILLIPS EDISON & COMPANY INC
NASDAQ
REIT - Retail
$4.03B$32.89-0.96%$384.15M69.98x0.98
NEN
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
NYSEMKT
Real Estate Services
$245.48M$70.50-1.26%$43.05M24.56x-6.52
PMT
PENNYMAC MORTGAGE INVESTMENT TRUST
NYSE
REIT - Mortgage
$1.29B$14.800.48%$237.98M8.86x5.28
FOR
FORESTAR GROUP INC
NYSE
Real Estate - Development
$1.72B$34.01-2.19%$270.80M8.40x0.77
BRX
BRIXMOR PROPERTY GROUP INC
NYSE
REIT - Retail
$6.70B$22.24-0.27%$841.04M23.91x2.02
VNO
VORNADO REALTY TRUST
NYSE
REIT - Office
$4.61B$24.22-1.82%$935.06M161.47x1.78
LOAN
MANHATTAN BRIDGE CAPITAL INC
NASDAQ
REIT - Mortgage
$58.34M$5.102.41%$8.27M10.20x0.74
OPAD
OFFERPAD SOLUTIONS INC
NYSE
Real Estate Services
$194.66M$7.136.74%-$58.10M-2.61x3.20
RITM
RITHM CAPITAL CORP
NYSE
REIT - Mortgage
$5.50B$11.380.53%$1.05B7.59x4.88
BRT
BRT APARTMENTS CORP
NYSE
REIT - Residential
$336.83M$18.07-1.09%$53.97M90.35x2.17
STRW
STRAWBERRY FIELDS REIT INC
NYSEMKT
REIT - Healthcare Facilities
$64.42M$9.950.30%$58.70M25.51x75.87
RYN
RAYONIER INC
NYSE
REIT - Specialty
$4.42B$29.66-0.03%$373.90M26.25x0.94
REAX
REAL BROKERAGE INC
NASDAQ
Real Estate Services
$891.01M$4.76-2.86%-$34.15M-25.05x2.28
NMRK
NEWMARK GROUP INC
NASDAQ
Real Estate Services
$1.77B$10.290.10%$270.05M44.74x2.32
EPR
EPR PROPERTIES
NYSE
REIT - Specialty
$3.14B$41.550.22%$471.92M20.27x1.33
STWD
STARWOOD PROPERTY TRUST INC
NYSE
REIT - Mortgage
$6.39B$20.220.85%$1.96B14.44x9.43
AGNC
AGNC INVESTMENT CORP
NASDAQ
REIT - Mortgage
$7.02B$9.660.21%$873.00M9.96x7.38

Real Estate Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12-0.15%+0.53%-5.48%-10.20%8.24x1.21x+23.15%+14.85%+5.85%+5.52%Buy
5-1.41%+0.61%+4.40%-25.55%17.52x1.81x-3.15%-0.27%+0.09%+26.45%Strong Buy
43+0.17%+3.16%+0.83%+3.95%60.40x2.63x+5.10%+2.49%+4.04%+17.57%Buy
19+0.04%+2.96%+4.44%-5.97%13.94x1.17x+6.75%+3.90%N/A+9.78%Buy
17-0.17%+1.41%+7.55%+2.94%27.71x1.65x+1.38%+0.71%N/A+4.45%Buy
16+0.18%+0.03%-6.08%+1.62%19.03x1.38x+32.96%+3.81%+0.00%+21.25%Buy
17-0.01%+1.99%-2.60%-6.05%30.16x2.13x+8.71%+4.69%+0.05%+10.94%Buy
38+0.19%+0.38%+3.62%+3.28%20.62x0.74x+3.21%+0.52%N/A+25.82%Buy
23-0.19%+0.08%+0.76%+14.54%61.10x0.90x-0.19%+0.00%N/A+11.06%Hold
21-0.33%+1.81%+4.16%+1.50%8.19x2.36x+7.99%+3.68%N/A+3.12%Buy
28-1.12%+2.02%+2.83%+10.53%38.33x1.88x+25.89%+3.54%N/A+9.90%Buy
19-1.04%+4.43%-0.39%+1.13%48.85x5.94x+23.41%+3.34%+5.41%+14.01%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. Ke Holdings (NYSE:BEKE)


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 6.34% over the past year, overperforming other real estate stocks by 5 percentage points.

Ke Holdings has an average 1 year price target of $21.45, an upside of 25.44% from Ke Holdings's current stock price of $17.10.

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.

2. Innovative Industrial Properties (NYSE:IIPR)


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 44.78% over the past year, overperforming other real estate stocks by 44 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -2.81% from Innovative Industrial Properties's current stock price of $104.43.

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.

3. Community Healthcare Trust (NYSE:CHCT)


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 -33.21% over the past year, underperforming other real estate stocks by -34 percentage points.

Community Healthcare Trust has an average 1 year price target of $30.33, an upside of 26.44% from Community Healthcare Trust's current stock price of $23.99.

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.

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 23.74%, which is 17 percentage points higher than the real estate sector average of 6.67%. 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.

2. Granite Point Mortgage Trust (NYSE:GPMT)


Granite Point Mortgage Trust (NYSE:GPMT) has an annual dividend yield of 20.6%, which is 14 percentage points higher than the real estate sector average of 6.67%. 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.

3. Armour Residential Reit (NYSE:ARR)


Armour Residential Reit (NYSE:ARR) has an annual dividend yield of 19.42%, which is 13 percentage points higher than the real estate sector average of 6.67%. 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.

Why are real estate stocks down?

Real estate stocks were down -0.43% in the last day, and up 2.31% over the last week. Douglas Elliman was the among the top losers in the real estate sector, dropping -18.06% yesterday.

Douglas Elliman shares are trading lower after the company reported worse-than-expected Q1 financial results.

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 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 -12.84% in the past year. It has underperformed other stocks in the real estate sector by -14 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 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 -18.7% in the past year. It has underperformed other stocks in the real estate sector by -20 percentage points.

3. Apple Hospitality Reit (NYSE:APLE)


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 -5.78% in the past year. It has underperformed other stocks in the real estate sector by -7 percentage points.

Are real estate stocks a good buy now?

41.71% of real estate stocks rated by analysts are a buy right now. On average, analysts expect real estate stocks to rise by 11.66% 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 35.2x.
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.