CIT Group Inc (CIT): Today's Featured Real Estate Loser
(
) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 0.3%. By the end of trading, CIT Group fell 36 cents (-1%) to $34.32 on average volume. Throughout the day, 1.2 million shares of CIT Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $33.73-$34.47 after having opened the day at $34.29 as compared to the previous trading day's close of $34.68. Other company's within the Real Estate industry that declined today were:
Income Opportunity Realty Investors
(
), down 9.4%,
(
), down 6.5%,
IRSA Investments and Representations
(
), down 5.8%, and
(
), down 4.2%.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group has a market cap of $6.93 billion and is part of the
sector. Shares are down 1.1% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate CIT Group a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates CIT Group as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.
- You can view the full CIT Group Ratings Report.
On the positive front,
SYSWIN
(
SYSW
), up 18.9%,
(
), up 14.1%,
(
), up 5.3%, and
(
), up 4.5%, were all gainers within the real estate industry with
(
) being today's featured real estate industry winner.
- 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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