Good evening, Real estate has taken a beating over the last couple of years as the Federal Reserve has rapidly raised interest rates to combat inflation. It has gotten much more expensive to finance new commercial real estate deals and that has caused new development to grind to a halt in some parts of the country. Sales of existing properties have also slowed down because property owners don’t want to give up the cheap financing they locked in prior to the recent rate hikes. The market has seized up and publicly traded REITs are not immune from these market trends. Valuations of public REITs have taken a beating in the last year as investors have moved money out of real estate and into fixed income. This means they are trading at cheaper prices than they have in several years. There are bargains to be found in the public REIT market, but with more than 200 REITs trading on major stock exchanges, it can be hard to identify which firms are true value opportunities and which have valuations that have not fully corrected yet. Fortunately, there are hundreds of Wall Street research analysts that pay close attention to public REITs on our behalf. Each year, they issue more than 4,000 distinct recommendations to buy and sell public REITs. No, they don’t always get their recommendations right, but it’s worth taking a hard look when several analysts from different brokerages and research firms are giving "strong buy" and "buy" ratings to the same REIT. We have created a report that details the 15 REITs that Wall Street's top-rated equities research analysts are telling their clients to buy. If you are looking to take advantage of depressed valuations in the real estate market, chances are the REIT that you should buy next is on the list. View the Top-Rated REITs here The MarketBeat.com Team
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