2 Real Estate Stocks Attracting the Eyes of Investors Before Earnings

AvalonBay Communities, Inc. (NYSE:AVB) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for profit of $1.21 per share, a rise of 19.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.26. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.21 during the last month. Analysts are projecting profit to rise by 15% versus last year to $4.60.

The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of $1.17 per share against an estimate of profit of $1.18 per share. The quarter before that, it missed forecasts by 72 cents. On average, analysts predict $255.1 million in revenue this quarter, a rise of 11% from the year ago quarter. Analysts are forecasting total revenue of $980.8 million for the year, a rise of 10.4% from last year’s revenue of $888.2 million.

Competitors to Watch: UDR, Inc. (NYSE:UDR), Equity Residential (NYSE:EQR), Apartment Investment and Management Co. (NYSE:AIV), Essex Property Trust, Inc. (NYSE:ESS), Camden Property Trust (NYSE:CPT), Mid-America Apartment (NYSE:MAA), Post Properties, Inc. (NYSE:PPS), Colonial Properties Trust (NYSE:CLP), BRE Properties, Inc. (NYSE:BRE), and Home Properties, Inc. (NYSE:HME).

Equity Residential (NYSE:EQR) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for net income of 65 cents per share, a rise of 4.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 66 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 65 cents during the last month. Analysts are projecting profit to rise by 6.6% versus last year to $2.42.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 62 cents per share versus a mean estimate of 61 cents. Two quarters ago, it reported net income of 60 cents per share. Analysts are projecting a rise of 1.2% in revenue from the year-earlier quarter to $521.4 million.

Competitors to Watch: AvalonBay Communities, Inc. (NYSE:AVB), UDR, Inc. (NYSE:UDR), Apartment Investment and Management Co. (NYSE:AIV), Camden Property Trust (NYSE:CPT), BRE Properties, Inc. (NYSE:BRE), Mid-America Apartment (NYSE:MAA), Home Properties, Inc. (NYSE:HME), Post Properties, Inc. (NYSE:PPS), Colonial Properties Trust (NYSE:CLP), and Essex Property Trust, Inc. (NYSE:ESS).