In this piece, we will take a look at the five most profitable real estate stocks now. If you want to skip our overview of the real estate sector and the latest news, then take a look at the 13 Most Profitable Real Estate Stocks Now.
5. VICI Properties Inc. (NYSE:VICI)
Latest TTM Net Income: $2.3 billion
VICI Properties Inc. (NYSE:VICI) is one of the most important REITs in the hospitality industry due to its presence on Las Vegas’s gambling strip. It’s also one of the top rated stocks on our list, as analysts have set an average share rating of Strong Buy.
During Q3 2023, 33 out of the 910 hedge funds surveyed by Insider Monkey were VICI Properties Inc. (NYSE:VICI)’s shareholders. Ken Griffin’s Citadel Investment Group owned the largest stake among these which was worth $292 million.
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Follow Vici Properties Inc. (NYSE:VICI)
4. PulteGroup, Inc. (NYSE:PHM)
Latest TTM Net Income: $2.7 billion
PulteGroup, Inc. (NYSE:PHM) is a home building company headquartered in Atlanta, Georgia. The firm has capitalized well on the strong home builder performance in 2023 by having beaten analyst EPS estimates in all four of its latest quarters. The shares are rated Strong Buy on average.
After looking through 910 hedge funds for their September quarter of 2023 shareholdings, Insider Monkey discovered that 39 were the firm’s investors. PulteGroup, Inc. (NYSE:PHM)’s biggest hedge fund investor in our database is Edgar Wachenheim’s Greenhaven Associates as it owns $422 million worth of shares.
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3. Prologis, Inc. (NYSE:PLD)
Latest TTM Net Income: $3 billion
Prologis, Inc. (NYSE:PLD) is one of the biggest industrial real estate companies in the world with more than a billion square feet of properties in its portfolio. It is one of the few REITs with an aggressive approach towards renewable energy as its facilities can now generate 500 megawatts of electricity through solar power.
By the end of this year’s third quarter, 48 out of the 910 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Prologis, Inc. (NYSE:PLD)’s largest hedge fund shareholder is Jeffery Furber’s AEW Capital Management due to its $274 million investment.
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Follow Prologis Inc. (NYSE:PLD)
2. Lennar Corporation (NYSE:LEN)
Latest TTM Net Income: $4.5 billion
Lennar Corporation (NYSE:LEN) is a residential construction company headquartered in Miami, Florida. December 2023 saw it report its fourth quarter earnings that beat analyst revenue estimates. The stock is up 62% year to date, mirroring the gains made by the broader home building sector.
Insider Monkey dug through 910 hedge fund portfolios for their September quarter of 2023 shareholdings and found 63 Lennar Corporation (NYSE:LEN) shareholders. Edgar Wachenheim’s Greenhaven Associates was the biggest investor as it owned 8.9 million shares that are worth $1 billion.
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1. D.R. Horton, Inc. (NYSE:DHI)
Latest TTM Net Income: $4.8 billion
D.R. Horton, Inc. (NYSE:DHI) is a home building company with operations in nearly three dozen American states. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.
During Q3 2023, 64 out of the 910 hedge funds tracked by Insider Monkey were the firm’s investors. D.R. Horton, Inc. (NYSE:DHI)’s largest hedge fund shareholder is Warren Buffett’s Berkshire Hathaway due to its $641 million stake.
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Disclosure: None. You can also take a look at 15 Undervalued S&P 500 Stocks Billionaires Are Loading Up On and 15 Best Farm and Ranch Insurance Companies Heading into 2024.
