CIT Group Inc (CIT): Today's Featured Real Estate Loser

CIT Group ( CIT) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole was unchanged today. By the end of trading, CIT Group fell 29 cents (-0.8%) to $35.04 on light volume. Throughout the day, 973,288 shares of CIT Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $34.76-$35.30 after having opened the day at $35.23 as compared to the previous trading day's close of $35.33. Other company's within the Real Estate industry that declined today were: Vestin Realty Mortgage II ( VRTB), down 8.4%, Alto Palermo ( APSA), down 8%, Institutional Financial Markets ( IFMI), down 6.1%, and Stratus Properties ( STRS), down 5.5%.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group has a market cap of $7.03 billion and is part of the financial sector. Shares are up 0.3% year to date as of the close of trading on Friday. Currently there are seven analysts that rate CIT Group a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates CIT Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, HMG/Courtland Properties ( HMG), up 13.7%, American Spectrum Realty ( AQQ), up 2.7%, Two Harbors Investment ( TWO), up 2.2%, and Capstead Mortgage Corporation ( CMO), up 2.1%, were all gainers within the real estate industry with Annaly Capital Management ( NLY) 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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