Forest City Enterprises Inc (FCE.A): Today's Featured Real Estate Loser

Forest City ( FCE.A) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 0.6%. By the end of trading, Forest City fell 15 cents (-1.4%) to $10.93 on light volume. Throughout the day, 940,001 shares of Forest City exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $10.88-$11.26 after having opened the day at $11.14 as compared to the previous trading day's close of $11.08. Other company's within the Real Estate industry that declined today were: Grubb & Ellis Company ( GBE), down 23.7%, IFM Investments ( CTC), down 17.5%, Income Opportunity Realty Investors ( IOT), down 17.2%, and American Spectrum Realty ( AQQ), down 12.1%.

Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties, and land in 27 states and the District of Columbia. Forest City has a market cap of $1.63 billion and is part of the financial sector. Shares are down 34.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Forest City as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, MHI Hospitality Corporation ( MDH), up 7%, Newcastle Investment Corporation ( NCT), up 6.8%, Transcontinental Realty ( TCI), up 6.3%, and China Real Estate Information Corporation ( CRIC), up 6%, were all gainers within the real estate industry with AvalonBay Communities ( AVB) being today's featured real estate industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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