Lowest Beta in the Diversified Real Estate Activities Industry Detected in Shares of Tejon Ranch (TRC, JOE, EMITF, BAM, CTO)
Below are the top five companies in the Diversified Real Estate Activities industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
Tejon Ranch (NYSE:TRC) ranks first with a beta of 1; St. Joe (NYSE:JOE) ranks second with a beta of 1.1; and Elbit Imaging (NASDAQ:EMITF) ranks third with a beta of 1.2.
Brookfield Asset Management (NYSE:BAM) follows with a beta of 1.2 and Consolidated-Tomoka Land (AMEX:CTO) rounds out the top five with a beta of 1.3.
SmarTrend is bearish on shares of JOE and our subscribers were alerted to Sell on May 03, 2010 at $31.83. The stock has fallen 29.6% since the alert was issued.