12 Best REIT Stocks to Buy Now

8. AvalonBay Communities, Inc. (NYSE:AVB)

Number of Hedge Fund Holders: 35

Avalonbay Communities, Inc. (NYSE:AVB) is a leading multifamily REIT that develops, redevelops, acquires, and manages distinctive apartment homes in the US. It focuses on metropolitan areas with less housing affordability, a vibrant life quality, and strong employment growth. Avalonbay owned or held a direct or indirect ownership interest in 305 apartment communities in 12 states and the District of Columbia, as of September 30.

Avalonbay serves as the largest publicly traded multifamily REIT and has shown 30 years of growth as the industry leader. The REIT continues to evolve to deliver superior growth as it optimizes its portfolio increasing allocation to suburbs and expansion regions and advances towards a $10 million incremental NOI for 2024. While its same-store portfolio performed well through the peak leasing season, the outlook for 2025 remains favorable supporting a healthy same-store revenue growth outlook.

While Avalonbay Communities, Inc. (NYSE:AVB) has beaten the consensus estimate in each of the last four quarters, it is to reveal its fiscal fourth-quarter earnings for 2024 on January 29. Regarding the upcoming results, analysts expect the company to report a profit of $2.82 per share on a diluted basis, up 2.9% from the year-ago quarter. Previously, the firm’s third-quarter FFO and revenue surpassed Wall Street estimates.