Equity Residential (EQR): Today's Featured Financial Laggard
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Equity Residential fell $0.58 (-1.0%) to $57.48 on average volume. Throughout the day, 2,318,512 shares of Equity Residential exchanged hands as compared to its average daily volume of 2,337,600 shares. The stock ranged in price between $57.39-$58.70 after having opened the day at $58.36 as compared to the previous trading day's close of $58.06. Other companies within the Financial sector that declined today were:
(
), down 7.9%,
(
), down 7.3%,
(
), down 5.9% and
United Community Financial Corporation
(
), down 5.8%.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. Equity Residential has a market cap of $21.0 billion and is part of the real estate industry. The company has a P/E ratio of 102.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Equity Residential a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Equity Residential
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins.
- You can view the full Equity Residential Ratings Report.
On the positive front,
(
), up 18.0%,
(
), up 17.6%,
(
), up 12.5% and
(
), up 9.5% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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