BRE Properties Inc.
BRE Properties Inc. (NYSE: BRE) was the top gainer at the close of Wednesday’s stock trading among real estate firms, as the company gained 10.76 percent, or $5.74, to $59.11 per share. The company’s market capitalization is currently $4.56 billion. BRE Properties Inc. is a self-administered equity real estate investment trust, or REIT, and the company focuses on the development, acquisition, and management of multifamily apartment communities. BRE is mainly focused on the metropolitan markets located within California, as well as Seattle, Wash.
Other real estate companies that comprised the top five gainers in the sector yesterday were China Hgs Real Estate Inc. (NASDAQ: HGSH), which moved up 5.71 percent ($0.28) to $5.18 per share, self-managed and self-advised real estate investment trust (REIT) RAIT Financial Trust (NYSE: RAS), which improved 4.67 percent ($0.38) to $8.51 per share, Home Properties Inc. (NYSE: HME), which is now at $55.49 per share after gaining 4.64 percent ($2.46), and Post Properties Inc. (NYSE: PPS), which added 4.30 percent ($1.85) to settle at $44.85 per share.
Market capitalization is currently valued at $233.36 million for China Hgs Real Estate, $597.88 million for RAIT Financial Trust, $3.16 billion for Home Properties Inc., and $2.45 billion for Post Properties Inc.
Wednesday’s real estate losers were led off by recent top gainer SouFun Holdings Ltd. (ADR) (NYSE: SFUN), which fell 3.63 percent, or $2.78, to $73.76 per share. The China-based real estate company’s market capitalization is currently at $6.01 billion. SouFun Holdings Limited operates as a Chinese real estate “portal”, or online repository of information, and also is involved in home furnishing and improvement websites. The company’s websites provide marketing, e-commerce, listing, and a number of value-added services for China’s real estate and mortgage sectors.
Other companies that took losses big enough to be among the five top losers in the real estate sector were CoStar Group Inc. (NASDAQ: CSGP), which fell 3.19 percent ($5.84) to $177.04 per share, McGrath RentCorp (NASDAQ: MGRC), which lost 2.97 percent ($1.16) to $37.95 per share, CYS Investments Inc. (NYSE: CYS), which fell 2.84 percent ($0.22) to $7.52 per share, and First Potomac Realty (NYSE: FPO), which is now at $11.68 per share after losing 2.34 percent, or $0.28.
The companies’ market capitalizations are presently $5.09 billion for CoStar Group, $974.78 million for McGrath, $1.25 billion for CYS, and $686.46 million for First Potomac.
BRE Properties was also the top real estate firm among yesterday’s most actives in the sector. The company was followed by real estate investment trust company Equity Residential (NYSE: EQR), which is trading at $52.93 per share after a climb of 1.77 percent, or $0.92, AvalonBay Communities Inc. (NYSE: AVB), which added 1.84 percent ($2.18) to settle at $120.74 per share, Essex Property Trust Inc. (NYSE: ESS), which is now at $150.65 per share after moving down by 2.19 percent ($3.38), and Simon Property Group Inc. (NYSE: SPG), which added 0.33 percent ($0.49) to close at $149.36 per share.
Market capitalization is now $19.08 billion for Equity Residential, $15.63 billion for AvalonBay, $5.73 billion for Essex Property Trust, and $46.90 billion for Simon Property Group.