) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole was unchanged today. By the end of trading, Equity Residential rose $1.03 (1.7%) to $60.53 on average volume. Throughout the day, 1.6 million shares of Equity Residential exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $58.96-$60.56 after having opened the day at $59.13 as compared to the previous trading day's close of $59.50. Other companies within the Financial sector that increased today were:
), up 13.5%,
), up 12.8%,
), up 10.9%, and
), up 10.6%.
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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 $17.89 billion and is part of the
industry. The company has a P/E ratio of 198.4, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Equity Residential a buy, one analyst rates 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 impressive record of earnings per share growth, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself.
- You can view the full Equity Ratings Report.
On the negative front,
), down 12.4%,
), down 12.1%,
Oak Ridge Financial Services
), down 11.4%, and
), down 10%, were all losers within the financial sector with
) being today's financial sector loser.
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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.