Analysts Anticipate REZ To Hit $69

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Residential Real Estate Capped ETF ( REZ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $69.20 per unit.

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With REZ trading at a recent price near $61.60 per unit, that means that analysts see 12.34% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of REZ's underlying holdings with notable upside to their analyst target prices are Global Medical REIT Inc ( GMRE), Colony Starwood Homes ( SFR), and NexPoint Residential Trust Inc ( NXRT). Although GMRE has traded at a recent price of $8.56/share, the average analyst target is 39.45% higher at $11.94/share. Similarly, SFR has 22.31% upside from the recent share price of $29.16 if the average analyst target price of $35.67/share is reached, and analysts on average are expecting NXRT to reach a target price of $22.50/share, which is 21.16% above the recent price of $18.57. Below is a twelve month price history chart comparing the stock performance of GMRE, SFR, and NXRT:

GMRE, SFR, and NXRT Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above:

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