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Equity Residential and Other Big Movers In Real Estate Operations on September 27, 2012
So far today, the Nasdaq has climbed 0.4%, the S&P 500 is up 0.3% and the Dow has been relatively flat.
The Real Estate Operations sector (IYR) is up 0.4% so far today and here are its biggest movers:
Broker Summary: TD Ameritrade Thinkorswim
At $10.82, Crexus (NYSE:CXS) has slipped 3.6%. The company's volume is currently 206,057 shares for the day, on pace to finish the day below yesterday's volume of 685,726 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. The P/E ratio for CXS is 7.4, below the industry average of 10.4. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Find P/E And PEG Ratios
Rising 2.5%, Zillow (Nasdaq:Z) is currently trading at $41.36 per share. This morning, the company's volume is 586,747 shares. This is 0.3 times the current daily average. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The price/earnings to growth (PEG) ratio can reveal value what price/earnings (P/E) ratios alone may not so that if a company has a high P/E ratio (an indication that its stock is overpriced) but its earnings are growing very quickly, the PEG ratio may reveal that the company is actually fairly valued, or perhaps even a bargain. PEG ratio for Z is 14.8. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
Currently trading at $7.53 per share, Newcastle (NYSE:NCT) has fallen 2%. The company's volume is currently 1.9 million shares for the day, 0.6 times the average volume over the last three months. A stock's volume conveys how excited investors are about it. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. NCT has a P/B ratio of 2.4 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
After rising 1.3%, Equity Residential (NYSE:EQR) is currently trading at a share price of $58.13. So far today, the company's volume is 647,265 shares. Volume is used to evaluate how meaningful the price movement of a stock is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. Dividend yield measures the income that a stock will generate for an investor. Dividend yield for EQR is 2.4%. A stock's dividend yield depends on the nature of a company's business, its posture in the marketplace (value or growth oriented), its earnings and cash flow, and its dividend policy. SEE: Guide To Stock-Picking Strategies: Income Investing
Increasing 1.3%, SL Green (NYSE:SLG) is trading at $80.29 per share. At 220,698 shares, the company's volume so far today is lighter than yesterday's volume of 794,985 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. SLG has a high P/S ratio of 3.82. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Slipping 1.1%, PennyMac Mortgage (NYSE:PMT) is currently trading at $23.01 per share. The company's volume for the morning is 300,597 shares. This is 0.3 times its average daily volume. The trading volume for a stock indicates the level of investor interest. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. PMT's debt ratio is 57.4%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Avalonbay (NYSE:AVB) has risen 1.1% and is currently trading at $136.86 per share. So far today, the company's volume is 183,447 shares, 0.2 times its current three-month average. High volume indicates a lot of investor interest while low volume indicates the opposite. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. The P/E ratio for AVB is 21.6, above the industry average of 17.67. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
The Real Estate Operations sector (IYR) is up 0.4% so far today and here are its biggest movers:
| Company | Market Cap | Percentage Change |
| Crexus (NYSE:CXS) | $859.8 million | -3.6% |
| Zillow (Nasdaq:Z) | $1.34 billion | +2.5% |
| Newcastle (NYSE:NCT) | $1.32 billion | -2% |
| Equity Residential (NYSE:EQR) | $17.27 billion | +1.3% |
| SL Green (NYSE:SLG) | $7.15 billion | +1.3% |
| PennyMac Mortgage (NYSE:PMT) | $969.3 million | -1.1% |
| Avalonbay (NYSE:AVB) | $13.12 billion | +1.1% |
At $10.82, Crexus (NYSE:CXS) has slipped 3.6%. The company's volume is currently 206,057 shares for the day, on pace to finish the day below yesterday's volume of 685,726 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. The P/E ratio for CXS is 7.4, below the industry average of 10.4. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Find P/E And PEG Ratios
Rising 2.5%, Zillow (Nasdaq:Z) is currently trading at $41.36 per share. This morning, the company's volume is 586,747 shares. This is 0.3 times the current daily average. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The price/earnings to growth (PEG) ratio can reveal value what price/earnings (P/E) ratios alone may not so that if a company has a high P/E ratio (an indication that its stock is overpriced) but its earnings are growing very quickly, the PEG ratio may reveal that the company is actually fairly valued, or perhaps even a bargain. PEG ratio for Z is 14.8. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
Currently trading at $7.53 per share, Newcastle (NYSE:NCT) has fallen 2%. The company's volume is currently 1.9 million shares for the day, 0.6 times the average volume over the last three months. A stock's volume conveys how excited investors are about it. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. NCT has a P/B ratio of 2.4 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Increasing 1.3%, SL Green (NYSE:SLG) is trading at $80.29 per share. At 220,698 shares, the company's volume so far today is lighter than yesterday's volume of 794,985 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. SLG has a high P/S ratio of 3.82. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Slipping 1.1%, PennyMac Mortgage (NYSE:PMT) is currently trading at $23.01 per share. The company's volume for the morning is 300,597 shares. This is 0.3 times its average daily volume. The trading volume for a stock indicates the level of investor interest. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. PMT's debt ratio is 57.4%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Avalonbay (NYSE:AVB) has risen 1.1% and is currently trading at $136.86 per share. So far today, the company's volume is 183,447 shares, 0.2 times its current three-month average. High volume indicates a lot of investor interest while low volume indicates the opposite. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. The P/E ratio for AVB is 21.6, above the industry average of 17.67. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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