5 Best Real Estate Stocks To Buy Now

4. Howard Hughes Corp (NYSE: HHC)

Texas-based Howard Hughes started off as an oil drilling tool business founded by American business magnate Howard R. Hughes, Sr. The company later diversified into real estate development. It’s now one of the largest real estate companies in the country, owning hotels, golf courses, housing assets and entertainment venues. In the third quarter, the company posted a GAAP EPS of $2.51, beating the Wall Street’s estimates by $3.22.

Legendary investor and billionaire Bill Ackman’s Pershing Square is one of the biggest shareholders of Howard Hughes, with 10.92 million shares of the company, worth 628.88 million. Clark Street Value recently said Howard Hughes’ diversified model should help them compared to pure play real estate investment trusts. The investor believes that going forward the company will concentrate on residential land development compared to on office/multi-family new construction they were before the coronavirus pandemic. Clark Street Value added, “their big land banks are in Las Vegas and Houston, maybe not as hot as Austin and Miami but they’re both low cost-of-living and no state income tax markets that should have the wind at their backs.”