Equity Residential (EQR): Today's Featured Real Estate Mover

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Equity Residential ( EQR) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.6%. By the end of trading, Equity Residential rose 67 cents (1.1%) to $59.02 on average volume. Throughout the day, 2.1 million shares of Equity Residential exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $58.30-$59.42 after having opened the day at $58.43 as compared to the previous trading day's close of $58.35. Other companies within the Real Estate industry that increased today were: Altis Resident ( RESI), up 31.9%, Walter Investment Management ( WAC), up 8.7%, Optibase ( OBAS), up 7.5%, and IFM Investments ( CTC), up 6.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $20.99 billion and is part of the financial sector. The company has a P/E ratio of 63.4, above the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Equity Residential a buy, one analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Equity Residential as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the negative front, American Spectrum Realty ( AQQ), down 9.5%, Institutional Financial Markets ( IFMI), down 8%, New England Realty Associates ( NEN), down 6.1%, and Homex Development ( HXM), down 5.3%, were all laggards within the real estate industry with Medical Properties ( MPW) being today's real estate industry laggard.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

How Walmart and Costco Could See a Future Flush With Profits Thanks to an Abundance of Cute Puppies

REITs Will Be All Right Despite Rising Rates

Billionaire Real Estate Mogul Sam Zell Sees Staggering Economic Opportunity Under Trump

Ways to Avert Damage From Chinese Western Property Pullback

How to Avoid Being Hurt by the Great Chinese Western Property Retreat