Check out these five real estate stocks with over 32% YTD return

Highlights

  • The American Tower Corporation (NYSE: AMT) stock grew 32.91% YTD.
  • Prologis, Inc’s (NYSE: PLD) total revenue was US$1.15 billion in Q2, FY21.
  • The revenue of CBRE Group, Inc. (NYSE: CBRE) soared 20% YoY in the last quarter.

US stocks traded choppy in September amid various uncertainties at home and abroad. The Fed’s planned withdrawal of stimulus support also has been a major focus of investors.

The real estate stocks have been volatile in recent days after China’s Evergrande Group reported a staggering US$300 billion debt, raising the possibility of a major default.

Evergrande is China’s second-largest real estate company. The news of its imminent default had sent the global markets into the red last week.

Here we look at five real estate stocks that gave over 32 percent YTD return.

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American Tower Corporation (NYSE: AMT)

American Tower Corporation is a Boston, Massachusetts-based real estate investment trust (REIT) that operates wireless and other communication infrastructures in various countries.

The stock traded at US$293.41 at 11:53 am ET on September 22, up 0.53 percent from its closing price of September 21. Its stock value increased by 32.91 percent YTD.

The Massachusetts-based firm has a market cap of US$133.44 billion, a P/E Ratio of 59.11, and a forward P/E one year of 31.38. Its EPS is US$4.96.

The 52-week highest and lowest stock prices were US$303.72 and US$197.50, respectively. Its trading volume was 1,161,580 on September 21.

The company's total revenue surged 20.2 percent YoY to US$2.29 billion in Q2, FY21. Its net income was US$747.9 million, compared to US$448.4 million in the year-ago quarter, representing an increase of 66.8 percent YoY.

Top real estate stocks: AMT, PLD, PSA, SPG, CBRE

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Prologis, Inc. (NYSE: PLD)

Prologis is a REIT firm based in San Francisco, California. It invests in logistics facilities and related infrastructures.

The stock was priced at US$130.23 at 12:01 pm ET on September 22, up 1.07 percent from its previous closing price. The PLD stock rose 34.16 percent YTD. The market cap is US$95.98 billion, the P/E Ratio is 62.42, and the forward P/E one year is 31.66. Its EPS is US$2.08.

The highest and lowest stock prices of the firm for the last 52 weeks were US$139.60 and US$93.08, respectively. Its share volume on September 21 was 1,793,995.

The firm's total revenue was US$1.15 billion in Q2, FY21, compared to US$1.26 billion in the year-ago quarter. Its net income attributable to common shareholders rose from US$404.53 million in Q2, FY20, to US$598.62 million in Q2, FY21.

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Public Storage (NYSE: PSA)

Public Storage is a self-storage provider that operates as a REIT firm. It is headquartered in Glendale, California.

The shares traded at US$309.40 at 12:07 pm ET on September 22, down 0.81 percent from its closing price of September 21. Its stock value soared 41.66 percent YTD. It has a market cap of US$54.18 billion, a P/E ratio of 42.6, and a forward P/E one year of 25.24. Its EPS is US$7.26.

The highest and lowest stock prices for the last 52 weeks were US$332.95 and US$212.22, respectively. Its trading volume was 510,026 on September 21.

The total revenue of the company for the quarter ended on June 30 was US$680.83 million, an increase of 10.8 percent YoY. Its net operating income surged 21.7 percent YoY to US$513.66 million.

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Simon Property Group, Inc. (NYSE: SPG)

Simon Property is an Indianapolis, Indiana-based REIT company, and invests in commercial buildings like malls, community centers, and other related properties.

The stock was priced at US$134.035 at 12:13 pm ET on September 22, up 2.80 percent from its previous closing price. The SPG stock jumped 57.44 percent YTD. The market cap is US$44.05 billion, the P/E ratio is 29.27, and the forward P/E one year is 12.05. Its EPS is US$4.58.

The highest and lowest stock prices of the firm for the last 52 weeks were US$137.38 and US$59.35, respectively. Its share volume on September 21 was 1,616,351.

The company reported a revenue of US$1.25 billion in Q2, FY21, compared to US$1.06 billion in the same quarter the previous year. Its net income attributable to common shareholders came in at US$617.25 million, compared to US$254.21 million in Q2 of fiscal 2020.

Also Read: Seven technology stocks with high EPS YoY growth

 

US Real Estate sector performance after Evergrande news
Source: Pixabay

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CBRE Group, Inc. (NYSE: CBRE)

The CBRE Group is based in Dallas, Texas, and is a real estate and investment company.

The stocks traded at US$95.51 at 12:19 pm ET on September 22, up 1.90 percent from their closing price of September 21. Its stock value ticked up 57.53 percent YTD. It has a market cap of US$32.16 billion, a P/E ratio of 26.91, and a forward P/E one year of 19.41. Its EPS is US$3.56.

The highest and lowest stock prices for the last 52 weeks were US$99.73 and US$43.17, respectively. Its trading volume was 1,088,597 on September 21.

The revenue was US$6.45 billion in Q2, FY21, representing a hike of 20 percent YoY. It reported an adjusted net income of US$463 million, compared to US$118 million in Q2, FY20.

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Bottomline

The real-estate sector saw significant growth last year after Covid-19 fears subsided. However, raw material shortages and rising lumber prices adversely affected the market in recent months. But despite considerable demand for new properties, especially for living quarters, the real estate sector increased by 27.17 percent YTD. Nevertheless, investors should evaluate the stocks carefully before investing.

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