5 Best REIT Stocks to Buy Right Now

3. Lamar Advertising Company (REIT) (NASDAQ: LAMR)

Number of Hedge Fund Holders: 36    

Lamar Advertising Company (REIT) (NASDAQ: LAMR) is a Baton Rouge-based real estate trust that primarily sells advertising spaces. It was founded in 1902 and is ranked third on our list of 10 best REIT stocks to buy right now. Lamar owns and runs the largest network of digital advertising boards in the United States, controlling more than 3,600 electronic displays. The 52-week price range of Lamar stock lies between $53-$103. The share price of the firm has been rising as the economy reopens and ad bookings increase. 

Lamar Advertising Company (REIT) (NASDAQ: LAMR) recently reported encouraging quarterly results for the first three months of 2021, beating market estimates on revenue. Earlier in March, investment advisory Citi had raised the price target on the company stock to $88 with a Neutral rating. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Fir Tree is a leading shareholder in the firm with 924,572 shares worth more than $76 million.