During 2020, where coronavirus wreaked havoc across the globe, the real estate sector was among those areas which were also affected. People lost their jobs because of which they had to curtail several of their expenditures including housing. It led to the cancellation of rental leases and landlords got bankrupt. It is likely that things will gain momentum by the end of 2021 and in the beginning of the year 2022. According to analysts, this time duration is the best to invest and benefit in the long run. Real estate is one of the essential areas of human needs. Despite the losses of coronavirus, the stocks of various real estate companies will rebound slowly but as far as the future of these stocks is concerned, there is no doubt that prices of these stocks will increase with the passage of time. So, the prospective investor needs to wait and demonstrate patience until the stock prices reach the pre-COVID19 level. The global housing sector will witness a boom once the governments create employment opportunities for people. This article provides a brief introduction about the Top 5 Real Estate Stocks for 2021 as shared by Insider Monkey in a Yahoo post.
AvalonBay Communities Inc. is a big real estate company. It is based in Virginia, New York. The company came into being way back in 1998 after merger of Bay Apartment Communities Inc. and Avalon Properties Inc. This company owns several apartments in California, Washington, and Seattle. As per available data, Daniel Sundheim’s D1 Capital Partners owns shares worth of 2.68 million in AvalonBay Communities Inc. Once the real estate sector becomes stable, the share price of this company is likely to increase and the investors will be able to reap benefit from it.
Another big company is Howard Hughes Corporation. This company is based in Texas and it was founded by a US businessman, Howard R. Hughes, Sr. The company’s core business is oil drilling tools. Later, the company diversified its business operations and entered the real estate sector. At present, the company owns hotels, golf courses, and entertainment venues. During the third quarter of last year, the company posted GAAP EPS amounting to $2.51. Bill Ackman owns majority shares in the company. These shares, according to sources, have been calculated to be around 10.92 million. They are worth $628.88 million. You can read more about other real estate companies at 10 Best Real Estate Stocks To Buy Now.