Real estate stocks help investors insulate their portfolio against rising inflation. Although the U.S. Federal Reserve has raised its benchmark interest rate several times this year, the widespread inflation is showing minimal signs of slowing down.
Thus, during such times, real estate stocks often provide safer long-term investment opportunities to shareholders. Let’s take a look at the five best- and worst-performing real estate stocks in October 2022.
5 Best-Performing Real Estate Stocks In October 2022
We used the October return data for real estate stocks from finviz.com to determine the five best- and worst-performing real estate stocks in October 2022. We only considered companies with a market capitalization of more than $10 billion as of November 1, 2022. These were the five best-performing real estate stocks in October 2022:
Gaming And Leisure Properties (13%)
Founded in 2013 and headquartered in Wyomissing, Pennsylvania, Gaming And Leisure Properties (NASDAQ:GLPI) acquires, finances and owns real estate property leased to gaming operators. The shares are up by almost 6% year to date, including a decline of more than 1% in the last three months.
At the time of this writing, the shares are trading at around $51 with a 52-week range of $41.81 to $52.87, giving the company a market cap of more than $12 billion.
Kimco Realty (16%)
Founded in 1973 and headquartered in Jericho, New York, Kimco Realty (NYSE:KIM) is a real estate investment trust that owns and operates open-air shopping centers. The shares are down more than 9% year to date, including a decline of over 4% in the last three months.
At the time of this writing, thep shares are trading at around $22 with a 52-week range of $17.71 to $26.57, giving the company a market cap of more than $12 billion.
CoStar Group (19%)
Founded in 1987 and headquartered in Washington, D.C., CoStar Group (NASDAQ:CSGP) offers real estate information and analytics. The shares are up more than 6% year to date, including an increase of more than 12% in the last three months.
At the time of this writing, the shares are trading at around $84 with a 52-week range of $49 to $85.24, giving the company a market cap of more than $32 billion.
Host Hotels & Resorts (19%)
Founded in 1927 and headquartered in Bethesda, Maryland, Host Hotels & Resorts(NASDAQ:HST) estate investment trust manages luxury and upper-upscale hotels. The shares are up more than 4% year to date, including a decline of more than 7% in the last three months.
At the time of this writing, the shares are trading at around $18 with a 52-week range of $15.10 to $21.63, giving the company a market cap of more than $12 billion.
Simon Property Group (21%)
Founded in 1993 and headquartered in Indianapolis, Indiana, Simon Property (NYSE:SPG) is a self-administered and self-managed real estate investment trust. The shares are down by almost 25% year to date, including an increase of almost 4% in the last three months.
At the time of this writing, the shares are trading at around $120 with a 52-week range of $86.02 to $171.12, giving the company a market cap of more than $42 billion.
5 Worst-Performing Real Estate Stocks In October 2022
{0|SB Communications}} (-5%)
Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications (NASDAQ:SBAC) is a real estate investment trust that offers wireless communications infrastructures. The shares are down by almost 24% year to date, including a decline of more than 15% in the last three months.
At the time of this writing, the shares are trading at around $296 with a 52-week range of $236.20 to $391.15, giving the company a market cap of more than $29 billion.
Invitation Homes (-6%)
Founded in 2012 and headquartered in Dallas, Texas, Invitation Homes (NYSE:INVH) acquires, renovates, leases and operates single-family homes as rental properties. The shares are down by almost 29% year to date, including a decline of more than 18% in the last three months.
At the time of this writing, the shares are trading at around $32 with a 52-week range of $29.56 to $45.80, giving the company a market cap of more than $18 billion.
Equity Residential (-6%)
Founded in 1994 and headquartered in Houston, Texas, Equity Residential (NYSE:EQR) develops and manages apartment rentals. The shares are down more than 29% year to date, including a decline of over 19% in the last three months.
At the time of this writing, the shares are trading at around $63 with a 52-week range of $59.32 to $94.32, giving the company a market cap of more than $23 billion.
Crown Castle (-8%)
Founded in 1994 and headquartered in Houston, Texas, Crown Castle (NYSE:CCI) is a real estate investment trust that offers access to wireless infrastructure via long-term contacts. The shares are down by almost 34% year to date, including a decline of almost 24% in the last three months.
At the time of this writing, the shares are trading at around $134 with a 52-week range of $121.71 to $209.87, giving the company a market cap of more than $55 billion.
Essex Property Trust (-8%)
Founded in 1971 and headquartered in San Mateo, California, Essex Property (NYSE:ESS) is a real estate investment trust that primarily deals in apartment communities. The shares are down by almost 38% year to date, including a decline of more than 26% in the last three months.
At the time of this writing, the shares are trading at around $218 with a 52-week range of $205.83 to $363.36, giving the company a market cap of more than $13 billion.