One company that should be on your radar is Strategic Hotels & Resorts, Inc. ( BEE ). The stock of this real estate investment trust has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For BEE's full year estimate, we have seen 4 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from 51 cents a share a month ago to its current level at 59 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, BEE has seen some pretty solid trading lately, as the company has moved higher by 15.1% in the past month.
If Strategic Hotels & Resorts can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put BEE on your watch list for the future.
Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). All these carry a Zacks Rank #2 (Buy).
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STRATEGIC HOTEL (BEE): Free Stock Analysis Report
CUBESMART (CUBE): Free Stock Analysis Report
COUSIN PROP INC (CUZ): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
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