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Is Equity Residential (EQR) Stock a Solid Choice Right Now?

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One stock that might be an intriguing choice for investors right now is Equity Residential EQR. This is because this security in the REIT and Equity Trust - Residential space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the REIT and Equity Trust - Residential space as it currently has a Zacks Industry Rank of 39 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Equity Residential is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Equity Residential Price and Consensus

Equity Residential Price and Consensus
Equity Residential Price and Consensus

Equity Residential price-consensus-chart | Equity Residential Quote

In fact, over the past 30 days, current quarter estimates have moved from 79 cents per share to 80 cents per share, while current year estimates have moved from $3.26 per share to $3.32 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Equity Residential. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.


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