Equity Residential (EQR): Today's Featured Real Estate Winner
(
) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 2.1%. By the end of trading, Equity Residential rose $1.17 (2.0%) to $59.08 on average volume. Throughout the day, 1,927,317 shares of Equity Residential exchanged hands as compared to its average daily volume of 2,416,200 shares. The stock ranged in a price between $58.46-$59.28 after having opened the day at $58.55 as compared to the previous trading day's close of $57.91. Other companies within the Real Estate industry that increased today were:
(
), up 18.3%,
(
), up 9.2%,
Wheeler Real Estate Investment
(
), up 8.2% and
(
), up 8.1%.
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 $20.9 billion and is part of the financial sector. Shares are up 2.2% year to date as of the close of trading on Wednesday. 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 negative front,
(
), down 7.4%,
(
), down 3.8%,
(
), down 3.0% and
China Housing & Land Development
(
), down 2.9%.
- Use our real estate section to find industry-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 real estate industry could consider
iShares Dow Jones US Real Estate
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
- Find other investment ideas from our top rated ETFs lists.
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