Liz Miller Equity Residential EQR-N PAST TOP PICK Sep 26, 2016

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

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.