BRE Properties Inc. (BRE) was a big mover last session, as the company saw its shares surge almost 11% on the day. This rise can be attributable to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 10.4% in the past one-month time frame.
In the last 30 days, this retail real estate investment trust (REIT) witnessed 7 upward estimate revisions and the Zacks Consensus Estimate moved higher over the same period suggesting that more solid trading could be ahead for BRE Properties. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
BRE Properties currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked players in the REIT sector include Getty Realty Corp. (GTY), National Health Investors Inc. (NHI) and Sabra Health Care REIT, Inc. (SBRA). All these stocks carry a Zacks Rank #1 (Strong Buy).
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