Equity Residential (EQR) Stock Jumps 8.2%: Will It Continue to Soar?

Equity Residential EQR shares ended the last trading session 8.2% higher at $66.86. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.4% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.93 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $766.82 million, up 4.9% from the year-ago quarter.While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.For Equity Residential, the consensus estimate for FFO per sharefor the quarter has been revised marginally lower over the last 30 days to the current level. A negative trend in FFO estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on EQR going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Equity Residential belongs to the Zacks REIT and Equity Trust - Residential industry. Another stock from the same industry, UDR UDR, closed the last trading session 7.8% higher at $41.07. Over the past month, UDR has returned -13%.For UDR, the consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $0.61. This represents no change from what the company reported a year ago. UDR currently has a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Equity Residential (EQR): Free Stock Analysis Report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks