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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Health Care REIT fell $1.61 (-2.7%) to $58.14 on heavy volume. Throughout the day, 4.6 million shares of Health Care REIT exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $57.41-$59.34 after having opened the day at $59.03 as compared to the previous trading day's close of $59.75. Other companies within the Financial sector that declined today were:
), down 8.5%,
), down 8.3%,
), down 7.8%, and
), down 7.4%.
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Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Health Care REIT has a market cap of $12.69 billion and is part of the
industry. The company has a P/E ratio of 75.8, above the average real estate industry P/E ratio of 54.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 9.6% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Health Care REIT a buy, one analyst rates it a sell, and eight rate it a hold.
TheStreet Ratings rates Health Care REIT as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Health Care REIT Ratings Report.
On the positive front,
), up 33.2%,
), up 15.3%,
), up 11.1%, and
), up 10.6%, 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.