Equity Residential (EQR): Today's Featured Real Estate Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Equity Residential (EQR) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 0.1%. By the end of trading, Equity Residential rose 61 cents (1%) to $60.93 on average volume. Throughout the day, 1.9 million shares of Equity Residential exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $59.55-$60.98 after having opened the day at $60.13 as compared to the previous trading day's close of $60.32. Other companies within the Real Estate industry that increased today were: IFM Investments (CTC), up 6.6%, American Realty Investors (ARL), up 6.5%, Optibase (OBAS), up 4.4%, and Institutional Financial Markets (IFMI), up 3.8%.
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