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REITs' Q4 Earnings to Watch on Feb 27: AMT, APLE, SFR, SNH
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The fourth-quarter 2016 earnings is nearing end. So far, earnings reports of the REITs (which own properties ranging from apartment properties to data centers) have not been as bad as anticipated given Trump’s unexpected victory, a rise in 10-year U.S. Treasury rates and an unstable global market.
Some important REITs, which have reported fourth-quarter 2016 results this week, include Welltower Inc. , PS Business Parks, Inc. and Host Hotels & Resorts, Inc. (HST - Free Report) . All these REITs reported better-than-expected results.
Some other REITs which are expected to report results on Feb 27 include American Tower Corporation (AMT - Free Report) , Apple Hospitality REIT, Inc. (APLE - Free Report) , Colony Starwood Homes and Senior Housing Properties Trust .
In Dec 2016, the U.S. Federal Reserve increased the key interest rates by 25 basis points to between 0.50% and 0.75%. It was the second hike since Dec 2015. But, according to the National Association of Real Estate Investment Trusts (“NAREIT”), interest rates are still very low. Irrespective of the rate hike, performance of the REITs continues to improve, with robust equity issuance and low debt ratios.
Moreover, the new government’s plan to borrow and spend a huge amount of money on infrastructure projects is anticipated to benefit the REIT sector. Again, a tightening monetary policy indicates economic robustness, which further raises the possibility of an upward revision in rent and occupancy levels. All these factors benefit REITs and might neutralize the impact of a rate hike.
Let’s take a look at what’s in store for the four REITs expected to release their fourth-quarter results Monday:
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
Boston, MA-based American Tower Corporation is expected to report its results before the market opens. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). Our model does not conclusively predict that the company will record a positive surprise.
American Tower Corporation (REIT) Price and EPS Surprise
Apple Hospitality REIT is a Richmond, VA-based hotel REIT, which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
Apple Hospitality REIT, Inc. Price and EPS Surprise
Scottsdale, AZ-based Colony Starwood Homes, engaged in company acquiring, renovating, leasing, maintaining and managing single-family homes, has an Earnings ESP of 0.00% and a Zacks Rank #3. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
Newton, MA -based Senior Housing Properties, invests in senior housing income producing real estate which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
Senior Housing Properties Trust Price and EPS Surprise
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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REITs' Q4 Earnings to Watch on Feb 27: AMT, APLE, SFR, SNH
The fourth-quarter 2016 earnings is nearing end. So far, earnings reports of the REITs (which own properties ranging from apartment properties to data centers) have not been as bad as anticipated given Trump’s unexpected victory, a rise in 10-year U.S. Treasury rates and an unstable global market.
Some important REITs, which have reported fourth-quarter 2016 results this week, include Welltower Inc. , PS Business Parks, Inc. and Host Hotels & Resorts, Inc. (HST - Free Report) . All these REITs reported better-than-expected results.
Some other REITs which are expected to report results on Feb 27 include American Tower Corporation (AMT - Free Report) , Apple Hospitality REIT, Inc. (APLE - Free Report) , Colony Starwood Homes and Senior Housing Properties Trust .
In Dec 2016, the U.S. Federal Reserve increased the key interest rates by 25 basis points to between 0.50% and 0.75%. It was the second hike since Dec 2015. But, according to the National Association of Real Estate Investment Trusts (“NAREIT”), interest rates are still very low. Irrespective of the rate hike, performance of the REITs continues to improve, with robust equity issuance and low debt ratios.
Moreover, the new government’s plan to borrow and spend a huge amount of money on infrastructure projects is anticipated to benefit the REIT sector. Again, a tightening monetary policy indicates economic robustness, which further raises the possibility of an upward revision in rent and occupancy levels. All these factors benefit REITs and might neutralize the impact of a rate hike.
Let’s take a look at what’s in store for the four REITs expected to release their fourth-quarter results Monday:
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
Boston, MA-based American Tower Corporation is expected to report its results before the market opens. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). Our model does not conclusively predict that the company will record a positive surprise.
American Tower Corporation (REIT) Price and EPS Surprise
American Tower Corporation (REIT) Price and EPS Surprise | American Tower Corporation (REIT) Quote
Apple Hospitality REIT is a Richmond, VA-based hotel REIT, which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
Apple Hospitality REIT, Inc. Price and EPS Surprise
Apple Hospitality REIT, Inc. Price and EPS Surprise | Apple Hospitality REIT, Inc. Quote
Scottsdale, AZ-based Colony Starwood Homes, engaged in company acquiring, renovating, leasing, maintaining and managing single-family homes, has an Earnings ESP of 0.00% and a Zacks Rank #3. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Colony Starwood Homes Price and EPS Surprise
Colony Starwood Homes Price and EPS Surprise | Colony Starwood Homes Quote
Newton, MA -based Senior Housing Properties, invests in senior housing income producing real estate which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
Senior Housing Properties Trust Price and EPS Surprise
Senior Housing Properties Trust Price and EPS Surprise | Senior Housing Properties Trust Quote
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>