This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Housing Stocks With Curbside Appeal

Stocks in this article: ESS EQR AVBG CPT BRE HME

BOSTON (TheStreet) -- Compelling demographics, including "echo boomers" leaving the nest, and a still-struggling single-family housing market are pushing rents higher for real estate investment trusts (REITs) focused on apartment buildings.

The appeal of REITs isn't just their share-price appreciation potential, but their high dividends, which make them attractive for yield hounds. For example, apartment REIT Essex Property Trust (ESS) is up 12% this year and 40% over the past three years, on average, and currently yields 2.82%. The S&P 500 is up 9.6% this year.

Standard & Poor's says the "fundamental outlook for the residential REITs sub-industry is positive. We believe a lower homeowner rate, despite government incentives and modest new supply (new construction), are both working in favor of multi-family operators."

S&P Capital IQ says that as the home-ownership rate ticks lower, "many Americans may be reluctant to purchase a home until price stability returns. As the economic recovery gains steam, we expect an increase in new household formations."

7 Dividend Stocks You Can't Ignore Right Now >>

And it adds that new supply is at multi-year lows.

Here are six REIT stock summaries arranged in descending order of analysts' "buy" ratings:

6. BRE Properties Class 'A' ( BRE)

Company profile: BRE, with a market value of $4 billion, owns around 70 communities comprising 22,000 apartment units located mostly in California.

Dividend Yield: 2.94%

Investor takeaway: Its shares are up 4.4% this year and have a three-year, average annual return of 30%. Analysts give its shares two buy" ratings, three "buy/holds, 13 "holds," and one "weak hold," according to a survey of analysts by S&P.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs