5 Stocks Pushing The Real Estate Industry Lower
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 modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.The Real Estate industry currently sits down 0.2% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the industry include Nationstar Mortgage Holdings (NSM), down 8.7%, Icahn (IEP), down 1.6%, Hospitality Properties (HPT), down 2.1% and Federal Realty Investment (FRT), down 0.8%. A company within the industry that increased today was American Express (AXP), up 1.1%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. UDR (UDR) is one of the companies pushing the Real Estate industry lower today. As of noon trading, UDR is down $0.27 (-1.1%) to $24.37 on average volume Thus far, 856,078 shares of UDR exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $24.30-$24.65 after having opened the day at $24.41 as compared to the previous trading day's close of $24.64. UDR, Inc. formerly United Dominion Realty Trust, Inc., operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities. UDR has a market cap of $6.2 billion and is part of the financial sector. The company has a P/E ratio of -91.7, below the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate UDR a buy, 1 analyst rates it a sell, and 11 rate it a hold.TheStreet Ratings rates UDR as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. Get the full UDR Ratings Report now.
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