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
) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 0.2%. By the end of trading, CIT Group rose $2.30 (5.9%) to $41.25 on heavy volume. Throughout the day, 6.5 million shares of CIT Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $38.82-$41.72 after having opened the day at $38.98 as compared to the previous trading day's close of $38.95. Other companies within the Real Estate industry that increased today were:
), up 6.5%,
), up 6%,
), up 5.3%, and
), up 5.3%.
- ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
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 $7.85 billion and is part of the
sector. Shares are up 12% year to date as of the close of trading on Friday. Currently there are seven 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 and disappointing return on equity.
- You can view the full CIT Group Ratings Report.
On the negative front,
), down 9.7%,
), down 7.8%,
), down 6.9%, and
), down 4.1%, were all laggards within the real estate industry with
) being today's real estate industry laggard.
- 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
) while those bearish on the real estate industry could consider
- Find other investment ideas from our top rated ETFs lists.
FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!
Free download now