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One stock that might be an intriguing choice for investors right now is Spirit Realty Capital, Inc. SRC. 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 49 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Spirit Realty 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.
Spirit Realty Capital, Inc. Price and Consensus
Spirit Realty Capital, Inc. price-consensus-chart | Spirit Realty Capital, Inc. Quote
In fact, over the past month, current quarter estimates have risen from 80 cents per share to 82 cents per share, while current year estimates have risen from $3.17 per share to $3.24 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 Spirit Realty. 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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