Associated Estates Realty Corporation ( AEC ) was a big mover last session, as the company saw its shares rise over 10% on the day. This surge can be attributable to solid volume too with far more shares changing hands than in a normal session. This sudden rise broke the most recent trend of the company, as the stock is now trading above the volatile price range of $14.45 to $15.58 in the past one-month time frame.
This independent real estate investment trust witnessed 3 downward revisions in the past month and the Zacks Consensus Estimate moved down by a notch, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Associated Estates Realty currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing REIT stocks include Chatham Lodging Trust ( CLDT ), Simon Property Group Inc. ( SPG ) and First Industrial Realty Trust Inc. ( FR ). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
ACE LIMITED (ACE): Free Stock Analysis Report
CHATHAM LODGING (CLDT): Free Stock Analysis Report
FIRST INDL RLTY (FR): Free Stock Analysis Report
SIMON PROPERTY (SPG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research