5 Best Housing Stocks To Buy In 2022

1. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 58

The Home Depot, Inc. (NYSE:HD) is a prominent American home improvement company providing tools, construction products, appliances, and installation services. The Home Depot, Inc. (NYSE:HD) has a rich dividend history, and on November 18, the company declared a $1.65 per share quarterly dividend, which was distributed on December 16, to shareholders of record on December 2. 

In the third quarter of 2021, The Home Depot, Inc. (NYSE:HD) was a significant housing stock among the smart investors. Of the 58 hedge funds that were bullish on The Home Depot, Inc. (NYSE:HD), Fisher Asset Management held a leading stake in the company, with 7.4 million shares worth $2.45 billion. 

On February 12, JPMorgan analyst Christopher Horvers lowered the price target on The Home Depot, Inc. (NYSE:HD) to $406 from $413 and kept an Overweight rating on the shares. According to the analyst, the consumer environment remains supportive but slower than in 2020 and 2021, and the recent rate move “raises risk of further give-back” in The Home Depot, Inc. (NYSE:HD) shares.

Here is what Ensemble Capital Management has to say about The Home Depot, Inc. (NYSE:HD) in its Q4 2021 investor letter:

“On the more positive side, we saw notable performance contribution from Home Depot. In the midst of a housing shortage and rising home prices, Americans turned to home improvement projects with Home Depot’s startlingly fast growth in 2020 continuing throughout 2021. With each quarter that passed showing a continuation of strong growth rather than the slowdown that many investors expected, the stock led the S&P 500 for most of the year and turned in a heady 27% rally in the fourth quarter to close out the year. Notably, while Do It Yourself homeowners did indeed shop at Home Depot less than they did during record setting 2020, almost half of the company’s revenue comes from Pro contractors where strong growth continues.”

You can also take a look at 10 Dividend Aristocrats with Over 3% Yield and 10 High Yield REIT Dividend Stocks For 2022.

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