The real estate industry closed the day down 2.4%. IFM Investments ( CTC), China Real Estate Information Corporation ( CRIC), Forestar Group Inc ( FOR), and Cedar Shopping Centers Inc ( CDR) were all decliners today within the real estate industry with Equity Residential ( EQR) being today's featured real estate loser. Equity Residential fell $1.48 (-2.8%) to $51.99 on average volume. Throughout the day, 2.8 million shares of Equity Residential exchanged hands as compared to its average daily volume of 3.1 million shares. 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 $15.3 billion and is part of the financial sector. Shares are up 2.8% year to date as of the close of trading on Thursday. TheStreet Ratings rates Equity as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.
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