Stockchase Opinions

Liz Miller Equity Residential EQR-N TOP PICK Jul 07, 2016

An old line traditional residential real estate equity trust. It had a stumble recently so it is a buying opportunity. 2.93% yield.

$69.300

Stock price when the opinion was issued

REAL ESTATE
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PAST TOP PICK

(Top Pick Jul 7/16, Down 1.68%) She had been buying more. It benefits as interest rates move around. This stock can easily go up double digits going forward.

COMMENT

This has gone through significant transactions over the last 2 years, going from the “everything” Reit in apartments, to really focusing on the coastal market. He prefers Camden Property Trust (CPT-N). The US apartment REITs have been flat, and there is a bit of concern that people will be buying houses instead of renting. This is fine for a Hold, but he wouldn’t hold your breath thinking it is going to leap up to new highs.