In this article, we will discuss the 5 best REIT stocks to buy right now. If you want to read our comprehensive analysis about these companies, go directly to the 10 Best REIT Stocks to Buy Right Now.
5. Life Storage, Inc. (NYSE: LSI)
Number of Hedge Fund Holders: 17
Life Storage, Inc. (NYSE: LSI) is a New York-based real estate firm that invests in self storage units. It was founded in 1982 and is placed fifth on our list of 10 best REIT stocks to buy right now. The trust owns and runs more than 900 facilities in 30 different locations. It has more than 500,000 clients and offers both residential and commercial storage properties. The 52-week price range of Life Storage stock lies between $55-$96.
On May 4, Life Storage, Inc. (NYSE: LSI) reported earnings for the first quarter of 2021, posting a revenue of $171 million, beating market estimates by more than $5 million and up more than 17% compared to the same period last year.
At the end of the fourth quarter of 2020, 17 hedge funds in the database of Insider Monkey held stakes worth $142 million in the firm, down from 18 in the preceding quarter worth $151 million.
4. Realty Income Corporation (NYSE: O)
Number of Hedge Fund Holders: 24
Realty Income Corporation (NYSE: O) is a San Diego-based real estate trust that primarily invests in single tenant commercial properties. It was founded in 1969 and is placed fourth on our list of 10 best REIT stocks to buy right now. It has operations in the United Kingdom and Puerto Rico in addition to the United States. The 52-week price range of Realty stock lies between $47-$71. The trust manages more than 6,000 real estate properties under long-term leasing contracts.
On May 3, Realty Income Corporation (NYSE: O) said it was on track to reach 2021 investment guidance of $3.35 billion. Earlier that day, the firm posted earnings for the first quarter of 2021, reporting a revenue of $442 million, beating market estimates by more than $26 million.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in the firm with 987,364 shares worth more than $61 million.
3. Lamar Advertising Company (REIT) (NASDAQ: LAMR)
Number of Hedge Fund Holders: 36
Lamar Advertising Company (REIT) (NASDAQ: LAMR) is a Baton Rouge-based real estate trust that primarily sells advertising spaces. It was founded in 1902 and is ranked third on our list of 10 best REIT stocks to buy right now. Lamar owns and runs the largest network of digital advertising boards in the United States, controlling more than 3,600 electronic displays. The 52-week price range of Lamar stock lies between $53-$103. The share price of the firm has been rising as the economy reopens and ad bookings increase.
Lamar Advertising Company (REIT) (NASDAQ: LAMR) recently reported encouraging quarterly results for the first three months of 2021, beating market estimates on revenue. Earlier in March, investment advisory Citi had raised the price target on the company stock to $88 with a Neutral rating.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Fir Tree is a leading shareholder in the firm with 924,572 shares worth more than $76 million.
2. Welltower Inc. (NYSE: WELL)
Number of Hedge Fund Holders: 26
Welltower Inc. (NYSE: WELL) is an Ohio-based real estate trust that invests in healthcare infrastructure. It was founded in 1970 and is placed second on our list of 10 best REIT stocks to buy right now. It has a market cap of more than $30 billion and posted an annual revenue of close to $4.6 billion in 2020. The trust is placed on the S&P 500 and the Fortune 1000 list of big companies in the United States.
On May 3, Welltower Inc. (NYSE: WELL) stock was upgraded to Outperform by investment first RBC as the senior housing portfolio recovery got underway after a difficult 2020. The price target of Welltower was raised to $82 from $70 amid the likelihood of growth in the senior housing sector.
At the end of the fourth quarter of 2020, 26 hedge funds in the database of Insider Monkey held stakes worth $538 million in the firm, up from 25 in the preceding quarter worth $603 million.
1. Equinix, Inc. (REIT) (NASDAQ: EQIX)
Number of Hedge Fund Holders: 42
Equinix, Inc. (REIT) (NASDAQ: EQIX) is a California-based real estate trust that operates data centers and other technology assets. It was founded in 1998 and is placed first on our list of 10 best REIT stocks to buy right now. The firm is the largest digital infrastructure company in the world. The 52-week price range of Equinix stock lies between $586-$839 as the pandemic boosted business for data facilities across the world. The firm operates more than 200 data centers in 25 countries.
On April 21, Equinix, Inc. (REIT) (NASDAQ: EQIX) stock was named a top pick for the 2021 fiscal year by investment advisory Mizuho. The advisory said there was significant upside potential for Equinix in relation to earnings this year.
Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in the firm with 686,849 shares worth more than $490 million.
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