The real estate market was hot last year but it cooled early this year in sync with overall market consolidation. However, with housing still in short supply, interest rates still relatively low and demand high, it's set up to run higher when the market turns around. Jones Lang LaSalle is among top-ranked real estate plays. It saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 94 the day before, and closing on a perfect 99 rating. JLL stock rose about 1% Monday, to close at 246.22.
JLL Stock Among Top 5%
The new 96 rating shows that JLL stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Chicago-based Jones Lang Lasalle specializes in building and buying real estate, and providing real estate services in 80 countries.
In Q4, Jones Lang Lasalle posted 64% earnings growth, to $8.66 per share. Sales grew 23% year over year, to $5.95 billion. JLL stock rose from a Covid market low 78.29 in late March 2020 to an all-time high 275.77 on Jan. 5, before drifting down to 246.22 Monday.
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JLL stock is currently forming a consolidation, with a 275.87 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
Jones Lang Lasalle has a 92 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 92% of all stocks.
Big Money Buying In
The Accumulation/Distribution Rating of B- for JLL stock shows moderate buying by institutional investors over the last 13 weeks.
Additionally, JLL stock earns the No. 5 rank among its peers in the Real Estate-Development/Operations industry group. Tricon Residential, St. Joe Company and Newmark Group are also among the top-five ranked real estate firms. Grupo Aero Cent is the No. 1-ranked stock in the group.
