5 Most Undervalued REIT Stocks To Buy According To Analysts

4. Apartment Income REIT Corp. (NYSE:AIRC)

Number of Hedge Fund Holders: 20

Average Upside Potential: 16.82%

PE Ratio as of March 5: 7.22

Average Analyst Price Target: $36.45

Apartment Income REIT Corp. (NYSE:AIRC) is a publicly traded real estate investment trust that self-administers its portfolio. The company owns multiple communities and apartment homes across the United States. Apartment Income REIT Corp. (NYSE:AIRC) is one of the most undervalued stocks to invest in. On January 31, the company declared a quarterly dividend of $0.45 per share, in line with previous. The dividend was distributed on February 27. 

According to Insider Monkey’s fourth quarter database, 20 hedge funds were long Apartment Income REIT Corp. (NYSE:AIRC), compared to 18 funds in the prior quarter. Israel Englander’s Millennium Management is the leading stakeholder of the company, with 1.79 million shares worth over $62 million.