5 Best Real Estate Stocks To Buy

4. CoStar Group, Inc. (NASDAQ:CSGP)

Number of Hedge Fund Holders: 36

CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and online marketplace services to various industries, including commercial real estate, hospitality, residential, and related professionals. On February 20, CoStar Group, Inc. (NASDAQ:CSGP) reported a Q4 non-GAAP EPS of $0.33 and a revenue of $640 million, outperforming Wall Street estimates by $0.01 and $5.72 million, respectively. CoStar Group, Inc. (NASDAQ:CSGP) ranks 4th on our list of stocks aimed at real estate investing for beginners. 

According to Insider Monkey’s fourth quarter database, 36 hedge funds were bullish on CoStar Group, Inc. (NASDAQ:CSGP), same as the prior quarter. Charles Akre’s Akre Capital Management is the largest stakeholder of the company, with 7.25 million shares worth $634 million. 

Conestoga Mid Cap Composite made the following comment about CoStar Group, Inc. (NASDAQ:CSGP) in its Q3 2023 investor letter:

“CoStar Group, Inc. (NASDAQ:CSGP): This company serves the commercial real estate and apartments markets with software services to brokers and other industry participants. CSGP’s extensive database of properties around world holds a dominant position as the go-to resource for information to analyze and evaluate offices, industrial and commercial properties, as well as rental apartment buildings. The company reported 2Q23 results that missed expectations on revenues but beat on earnings. Further, CSGP guided for lower revenues in the full fiscal year as higher interest rates are expected to impact the commercial real estate market and create uncertainty.”