BRE Properties Inc ( BRE) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 1.2%. By the end of trading, BRE Properties Inc rose 43 cents (0.9%) to $50.12 on average volume. Throughout the day, 829,484 shares of BRE Properties Inc exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $48.65-$50.63 after having opened the day at $48.99 as compared to the previous trading day's close of $49.69. Other companies within the Real Estate industry that increased today were: Tree.com Inc ( TREE), up 10.9%, ZipRealty Inc ( ZIPR), up 6.2%, Supertel Hospitality Inc ( SPPR), up 5.8%, and Impac Mortgage Holdings Inc ( IMH), up 5.7%. BRE Properties Inc., a real estate investment trust (REIT), engages in the development, acquisition, and management of multifamily apartment communities in the western United States. BRE Properties Inc has a market cap of $3.6 billion and is part of the financial sector. The company has a P/E ratio of 1209, above the average real estate industry P/E ratio of 90.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Friday. TheStreet Ratings rates BRE as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins.
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