In this article, we will discuss the 5 best REIT stocks to buy right now. If you want to read our comprehensive analysis about these companies, go directly to the 10 Best REIT Stocks to Buy Right Now.
5. Life Storage, Inc. (NYSE: LSI)
Number of Hedge Fund Holders: 17
Life Storage, Inc. (NYSE: LSI) is a New York-based real estate firm that invests in self storage units. It was founded in 1982 and is placed fifth on our list of 10 best REIT stocks to buy right now. The trust owns and runs more than 900 facilities in 30 different locations. It has more than 500,000 clients and offers both residential and commercial storage properties. The 52-week price range of Life Storage stock lies between $55-$96.
On May 4, Life Storage, Inc. (NYSE: LSI) reported earnings for the first quarter of 2021, posting a revenue of $171 million, beating market estimates by more than $5 million and up more than 17% compared to the same period last year.
At the end of the fourth quarter of 2020, 17 hedge funds in the database of Insider Monkey held stakes worth $142 million in the firm, down from 18 in the preceding quarter worth $151 million.