10 Most Undervalued REIT Stocks to Invest In Now

4. Equity Residential (NYSE:EQR)

Number of Hedge Fund Holders: 36

P/E Ratio as of June 19: 26.25

Equity Residential (NYSE:EQR) is one of the most undervalued stocks. On June 5, Stifel maintained a Buy rating on EQR with a price target of $69.01. The analysts highlighted that Q2 fundamentals for most lodging REITs are tracking in line with, or modestly surpassing, initial expectations.

The analysts noted a modest downward revision in RevPAR (revenue per available room) forecasts for 2025 and 2026 by STR. However, Q2 performance has been positively influenced by higher leisure travel, due in part to the Easter holiday shift, as well as continued strength in group demand. The company’s robust financial health is also demonstrated by its 33-year history of dividend payouts.

It was additionally noted that weaker inbound international and government travel offset the growth in part. However, the analysts remained optimistic towards Equity Residential. Despite evolving market trends, Equity Residential (NYSE:EQR) exhibits strategic agility, bolstering analysts’ confidence in its continued success and future prospects.

Equity Residential (NYSE:EQR) focuses on the acquisition, development, and management of high-quality residential properties in urban centers for long-term renters.