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Tickers in this Article: CHSP, AAT, JLL, KRC, BFS, PMT, VAC
Currently, the Nasdaq is unchanged, the S&P 500 has increased 0.3% and the Dow has climbed 0.2%.

The biggest movers in the Real Estate Operations sector (IYR) (+0.1%) are:
CompanyMarket CapPercentage Change
Chesapeake (NYSE:CHSP)6.2 million+3.1%
American Assets Trust (NYSE:AAT).06 billion+2.2%
Jones Lang LaSalle (NYSE:JLL).11 billion+1.7%
Kilroy (NYSE:KRC).23 billion+1.2%
Saul Centers (NYSE:BFS)6.3 million+1.2%
PennyMac Mortgage (NYSE:PMT)1.5 million-1.2%
Marriott Vacations (NYSE:VAC).07 billion-1.1%
Broker Summary: E-Trade Financial

Chesapeake (NYSE:CHSP) is at $18.16 per share after an increase of 3.1%. At 27,277 shares, the company's volume so far today is 0.3 times its current daily average. 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. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. CHSP has a P/B ratio of 1.13 which shows that its share price is higher than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies

American Assets Trust (NYSE:AAT) has moved up 2.2% and is currently trading at $27.48 per share. So far today, the company's volume is 72,376 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. Dividend yield measures the income that a stock will generate for an investor. AAT has a dividend yield of 3.1%. For income-oriented investors such as retirees, a stock with a high dividend yield may be more attractive than a stock with a low dividend yield. SEE: Due Diligence On Dividends

Rising 1.7%, Jones Lang LaSalle (NYSE:JLL) is currently trading at $71.83 per share. So far today, the company's volume is 67,402 shares, 0.2 times its average over the past three months. Volume is used to evaluate how meaningful the price movement of a stock is. A company's investment value can be estimated using valuation ratios such as 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. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. The P/S ratio for JLL is 0.81, which is relatively low. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.

Kilroy (NYSE:KRC) has risen 1.2% and is currently trading at $47.41 per share. So far today, 205,918 shares of the company's stock have changed hands. This is about the same trading activity as there was yesterday. 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. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. KRC has a PEG ratio of 11.07. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.

Saul Centers (NYSE:BFS) is currently trading at $43.24 per share, a 1.2% increase. At 10,010 shares, the company's volume so far today is 0.3 times the average daily volume. Volume indicates the level of interest that investors have in a company at its current price. 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. BFS has a D/E ratio of 1092%, which is relatively high. This shows that the company's assets are financed primarily through debt. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.

PennyMac Mortgage (NYSE:PMT) has fallen 1.2% and is currently trading at $21.25 per share. So far today, 584,965 shares have changed hands. Volume is an important indicator because it indicates how significant a price shift is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt ratio is calculated by dividing total liabilities by total assets. The debt ratio for PMT is 57.4%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.

Marriott Vacations (NYSE:VAC) has fallen 1.1% and is currently trading at $30.65 per share. The company's volume for the day so far is 66,765 shares, 0.4 times the average volume over the last three months. A stock's volume conveys how excited investors are about it. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. A company's capitalization (not to be confused with its market capitalization) is the term used to describe the makeup of a company's permanent or long-term capital, which consists of both long-term debt and shareholders' equity. VAC's capitalization ratio is 38.2%. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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