From PSA to BXP: Top real estate stocks to explore in April

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From PSA to BXP: Top real estate stocks to explore in April

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 From PSA to BXP: Top real estate stocks to explore in April
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Highlights:

  • Public Storage (NYSE: PSA) returned over 7% gains YTD.
  • Welltower Inc. (NYSE: WELL) revenue was US$4.74 billion in fiscal 2021.
  • Boston Properties, Inc. (NYSE: BXP) revenue increased by 10% YoY in Q4, FY21.

The following are the five top-performing real estate stocks worth exploring in the coming months. All of them gave a robust performance in the first quarter. This year, the market has seen a sharp rise and fall amid elevated inflation and severe macroeconomic conditions.

The central bank raised the interest rates last month to rein in the spiraling high inflation. The latest economic data shows US inflation has been at a 40-year high.

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Public Storage (NYSE: PSA)

Public Storage is a real estate investment trust (REIT). It is focused on owning and operating self-storage facilities and other related operations like tenant insurance, self-storage management, etc. The company is based in Glendale, California.

The shares of the company traded at US$399.35 at 11:32 am ET on April 5, up 1.33% from their closing price of April 4. Its stock value increased by 7.89% YTD.

The firm has a market cap of US$70.03 billion, a P/E ratio of 40.47, and a forward one-year P/E ratio of 25.41. Its current yield is 2.02%, and its annualized dividend is US$8.00.

The 52-week highest and lowest stock prices were US$400.45 and US$250.58, respectively. Its trading volume was 584,133 on April 4.

The company reported revenue of US$924.31 million in Q4, FY21, while its net income attributable to common shareholders came in at US$619.71 million, or US$3.17 per diluted share. For fiscal 2021, the company's revenue was US$3.41 billion.

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Top US real estate stocks to explore in the second quarter of fiscal 2022Source: ©2022 Kalk

Welltower Inc. (NYSE: WELL)

Welltower is a real estate investment trust firm. It invests in healthcare infrastructure and other related fields. It is based in Toledo, Ohio.

The stock of the company traded at US$97.33 at 12:07 pm ET on April 5, down 0.35% from its previous closing price. The WELL stock rose 14.15% YTD.

The market cap of the company is US$43.49 billion, the P/E ratio is 124.65, and the forward one-year P/E ratio is 27.51. Its current yield is 2.49%, and its annualized dividend is US$2.44.

The stock saw the highest price of US$99.43 and the lowest price of US$70.74 in the last 52 weeks. Its share volume on April 4 was 2,186,430.

The company reported revenue of US$1.30 billion in Q4, FY21, while its net income came in at US$66.19 million, or US$0.13 per diluted share. For fiscal 2021, the company's total revenue was US$4.74 billion.

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Equity Residential (NYSE: EQR)

Equity Residential is a REIT firm that focuses on acquiring, developing, and managing residential properties and apartments like multifamily residential properties, rental apartments, etc. It is based in Chicago, Illinois.

The shares of the company traded at US$92.15 at 12:11 pm ET on April 5, up 1.21% from their closing price of April 4. Its stock value surged 1.2% YTD.

The firm has a market cap of US$34.62 billion, a P/E ratio of 26.02, and a forward one-year P/E ratio of 26.47. Its current yield is 2.71%, and its annualized dividend is US$2.50.

The 52-week highest and lowest stock prices were US$93.03 and US$70.90, respectively. Its trading volume was 870,335 on April 4.

The company reported revenue of US$645.13 million in Q4, FY21, while its net income came in at US$560.97 million, or US$1.40 per diluted share. For fiscal 2021, the company's revenue was US$2.46 billion.

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Ventas, Inc. (NYSE: VTR)

Ventas is a real estate investment trust specializing in acquiring, developing, and managing healthcare facilities in the US, Canada, and the UK. It is based in Chicago, Illinois.

The stock of the company traded at US$62.41 at 12:27 pm ET on April 5, down 0.72% from its previous closing price. The VTR stock soared 21.05% YTD.

The market cap of the company is US$24.88 billion, the P/E ratio is 445, and the forward one-year P/E ratio is 20.75. Its current yield is 2.86%, and its annualized dividend is US$1.80.

The stock saw the highest price of US$64.02 and the lowest price of US$45.44 in the last 52 weeks. Its share volume on April 4 was 2,145,289.

The company reported net revenue of US$1.02 billion in Q4, FY21, while its net loss came in at US$39.10 million, or US$0.10 per diluted share. For fiscal 2021, the company's net revenue was US$3.82 billion.

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Real estate stocks: PSA, WELL, EQR, VTR, BXP,

Boston Properties, Inc. (NYSE: BXP)

Boston Properties is a self-administered REIT firm engaged in owning, developing, and managing Class A office properties in the US. It is based in Boston, Massachusetts.

The shares of the company traded at US$127.53 at 12:42 pm ET on April 5, down by 0.62% from their closing price of April 4. Its stock value grew 6.99% YTD.

The firm has a market cap of US$19.97 billion, a P/E ratio of 40.23, and a forward one-year P/E ratio of 17.34. Its current yield is 3.01%, and its annualized dividend is US$3.92.

The 52-week highest and lowest stock prices were US$133.11 and US$102.24, respectively. Its trading volume was 389,215 on April 4.

The company's revenue rose 10% YoY to US$731.1 million in Q4, FY21, while its net income attributable to common shareholders came in at US$184.5 million, or US$1.18 per diluted share. For fiscal 2021, the company's total revenue was US$2.88 billion.

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Bottom line:

The real estate sector was among the top-performing sectors on the S&P 500 index last year, returning over 46% gains, while the overall index returned around 28% gains. The strong returns make it an attractive investment destination. However, investors should carefully evaluate the companies and the broader market before investing in stocks. The S&P 500 Real Estate Sector tumbled 5.29% YTD.

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