4 REIT Plays With Beat Potential In Q2 Earnings

Our proprietary methodology, Earnings ESP, denotes the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that for stocks with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Here are four REITs that have the right combination of elements to deliver an earnings beat when they release second-quarter results:

Liberty Property Trust (LPT - Free Report) carries a Zacks Rank #2 and has an Earnings ESP of +1.61%. The Zacks Consensus Estimate is pegged at 62 cents. The company delivered positive surprises in two of the last four quarters, with an average beat of 2.05%. It has expected long-term growth rate of 6.0%. Also, the stock is trading at a discount to the RP industry average.

Based in Malvern, PA, Liberty Property Trust provides leasing, property management, development, construction management, design management, and related services for a portfolio of industrial and office properties.

Liberty Property is scheduled to report results on Jul 25.

CyrusOne Inc. (CONE - Free Report) has a Zacks Rank #2 and an Earnings ESP of +2.70%. The Zacks Consensus Estimate for the quarter is pegged at 74 cents. The company delivered positive surprises in each of the trailing four quarters, with an average beat of 7.96%. The stock is also trading at a discount to the industry average.

Dallas, TX-based CyrusOne is a data center REIT engaged in providing highly reliable enterprise-class, carrier-neutral data center properties. The company offers mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for several customers, including Fortune 1000 companies.

CyrusOne is slated to report quarterly numbers on Aug 2.

Piedmont Office Realty Trust, Inc. (PDM - Free Report) has a Zacks Rank #3 and an Earnings ESP of +2.27%. The Zacks Consensus Estimate is pegged at 44 cents, indicating anticipated growth of 9.5% year over year. The company delivered positive earnings surprises in three of the last four quarters, with an average beat of 1.76%. The stock is also trading at a discount to the industry average.

Based in Johns Creek, GA, Piedmont Office Realty is engaged in ownership, managing, developing and operation of high-quality, Class A office properties situated in select sub-markets of major U.S. cities.

Piedmont Office Realty is slated to release results on Aug 2.

AvalonBay Communities, Inc. (AVB - Free Report) has a Zacks Rank #3 and an Earnings ESP of +0.47%. The Zacks Consensus Estimate for the quarter is $2.13, which denotes estimated year-over-year growth of 5.1%. The company has long-term expected growth rate of 7.3%, ahead of the industry average of 6.8%.

AvalonBay is a residential REIT primarily focused on developing and managing apartment communities in top metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the U.S. The company has a principal executive office in Arlington, VA, and a number of regional offices, administrative offices or specialty offices in its markets.

AvalonBay is expected to report results on Aug 2.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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