Reported 4 months ago
In a Yahoo Finance video segment, host Julie Hyman discusses real estate stock picks with Wedbush Securities Managing Director of Equity Research Richard Anderson. Anderson recommends buying Camden Property Trust (CPT) due to its favorable location in the Sun Belt region, anticipating a decrease in supply and positive job growth. Conversely, he advises against investing in Essex Property Trust (ESS) due to its West Coast location, limited white-collar job growth, and lack of visible recovery opportunities. Anderson highlights the potential for growth in Camden but expresses caution about Essex's prospects.
Source: YAHOO