5 real estate stocks to diversify with in May as realty market picks up pace – InvestorsObserver

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5 real estate stocks to diversify with in May as realty market picks up pace

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Friday, May 10, 2024 11:54 AM | Invezz via QuoteMedia

5 real estate stocks to diversify with in May as realty market picks up pace

2024-05-10 11:54:55 ET

Top five real estate stocks to diversify your portfolio with in May

They say that one of life’s never-ending quests is the search for good real estate, and that certainly seems true of investors.

Having a stake in an appreciating, high-value property can round out your investing portfolio in ways that trendier, noisier stocks like big tech cannot, for all their volatility. A good real estate investment is like a building itself – sturdy and secure, growing over time.

Here are the top performing five real estate stocks to consider in May 2024, in our opinion:

  1. UMH Properties (UMH)
  2. Grainger PLC
  3. Sobha Ltd
  4. Cushman & Wakefield
  5. Godrej Properties Ltd

1. UMH Properties

UMH is an American public equity real estate investment trust (REIT) specialising in manufactured homes and communities. The company has been in business since 1968 and, with a $73.3 billion market cap, it’s one of the larger US real estate businesses around.

What makes the UMH business is its provision of a readymade community for its home owners and renters. The lock-up-and-go nature of the manufactured houses, and the neighbourhoods they’re in, have been popular and are likely to continue to be for decades to come.

UMH is known for their attractive dividends, and its stock price has performed reasonably well in the last while. UMH shares climbed 4.45% in the past month, 6.86% this year to date so far, and 1.5% in the past year.

2. Grainger PLC

Based in Great Britain, Grainger PLC is considered the UK’s largest residential landlord. The LSE-listed company provides professionally managed rental homes all across England, where real estate is at a premium.

Grainger has a market cap of £2 billion, and has also performed reasonably well this past year. The company’s stock price is up 6.2% in the last month, 2.3% this year to date and just over 6% in the last year.

3. Sobha Ltd

Multinational company Sobha Limited is a real estate firm with a market cap of over 161 billion Indian rupees (INR), and is based in Bangalore, India, as well as Dubai in the United Arab Emirates.

India has been on a winning streak for some years now, with the economy’s rapid expansion and development being matched by quantum leaps in the value of its most valuable equities.

Sobha is an excellent example, with the kind of stock market returns that those in developed nations can only dream of. The company’s stock price is up an impressive 66.6% in 2024 so far, and an astonishing 237.5% in the past year.

4. Cushman & Wakefield

Cushman & Wakefield is one of the larger commercial real estate businesses in the world, based in several countries including in the UK, India and its home base, the United States.

The company has a mighty $2.39 billion market cap, and although it isn’t paying a dividend currently, Cushman & Wakefield is one of the best-performing American real estate companies in a very tough US property market.

Its stock price is up 2.96% in the past month, down only 2.34% this year so far (compare this to peer Zillow, who is down more than 24% in 2024) and is up 33% in the past year.

5. Godrej Properties Ltd

Also in India, Mumbai and Delhi-based property group Godrej is a real estate company that deals in commercial, residential and industrial properties. It is also a subsidiary company of the mammoth Godrej Group, which spans diverse fields such as consumer goods, appliances, agriculture and more, over and above property.

Like Sobha, Godrej has seen stunning appreciations to its stock price. These included a climb of 0.89% this month, and 34.62% this year to date so far. In the past year, its share price has more than doubled, rising 101.22% in one year.

It is also typically a loyal dividend payer, although it did not give out one for the past quarter (Q4 of 2023).

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