NEW YORK ( TheStreet) -- Forest City (NYSE: FCE.A) is trading at unusually high volume Wednesday with 3.2 million shares changing hands. It is currently at four times its average daily volume and trading down 43 cents (-2.4%) at $17.69 as of 3:16 p.m. ET. Forest City has a market cap of $2.7 billion and is part of the financial sector and real estate industry. Shares are up 8.6% year to date as of the close of trading on Tuesday. Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties in the United States. The company has a P/E ratio of 24.5, below the average real estate industry P/E ratio of 35.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Forest City as a sell. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full Forest City Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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