The real estate industry closed the day down 4.9%. Roberts Realty Investors Inc ( RPI) were all winners today within the real estate industry with LoopNet Inc ( LOOP) being today's featured real estate winner. LoopNet Inc rose 11 cents (0.6%) to $17.24 on average volume. Throughout the day, 342,620 shares of LoopNet Inc exchanged hands as compared to its average daily volume of 241,000 shares. LoopNet, Inc. owns and operates an online marketplace for commercial real estate in the United States. LoopNet Inc has a market cap of $581.8 million and is part of the financial sector. The company has a P/E ratio of 54.5, below the average real estate industry P/E ratio of 56.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 54.2% year to date as of the close of trading on Friday. TheStreet Ratings rates LoopNet as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
LoopNet (Nasdaq:LOOP) hit a new 52-week high Wednesday as it is currently trading at $19.07, above its previous 52-week high of $18.95 with 425,420 shares traded as of 9:35 a.m. ET. Average volume has been 300,300 shares over the past 30 days.