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Citi Research analysts listed their top buy and sell rated stocks within the real estate sector (NYSERCA:XLRE).
Analysts consider that the sector has weight in the market.
“Valuation metrics are compelling, but the fundamental setup continues to face challenges in 2024,” strategist Scott Chronert wrote.
Since the fourth quarter outperformance, the first quarter of this year has seen underperformance within the stock.
Additionally, the interest rate environment affects the sector. “While we are intrigued by the sector's absolute performance ahead of an expected mid-year Fed rate cut, the path to relative outperformance is less clear to us,” he said.
These are the top-rated stocks to buy, ranked by their estimated total return (or ETR):
Apartment REIT Corp. (AIRC) Income – ETR: 37%
VICI Properties Inc. (VICI) – ETR: 37%
Gaming and Leisure Properties Inc. (GLPI) – ETR: 35%
SBA Communications Corp. (SBAC) – ETR: 35%
Crown Castle Inc. (CCI) – ETR: 31%
Equinix Inc. (EQIX) – ETR: 27%
American Tower Corp. (AMT) – ETR: 25%
And these are the stocks with a sell rating, according to Citi:
