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 down today with the Dow Jones Industrial Average (^DJI) trading down 20 points (-0.2%) at 12,795 as of Monday, Nov. 12, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,283 issues advancing vs. 1,555 declining with 129 unchanged.The Real Estate industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Icahn (IEP), up 2.0%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. Alexandria Real Estate Equities (ARE) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Alexandria Real Estate Equities is down $1.31 (-1.9%) to $66.14 on light volume Thus far, 116,866 shares of Alexandria Real Estate Equities exchanged hands as compared to its average daily volume of 321,100 shares. The stock has ranged in price between $65.94-$67.30 after having opened the day at $66.85 as compared to the previous trading day's close of $67.45. Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Alexandria Real Estate Equities has a market cap of $4.2 billion and is part of the financial sector. The company has a P/E ratio of 49.8, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Alexandria Real Estate Equities a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Alexandria Real Estate Equities as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Alexandria Real Estate Equities Ratings Report now.
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