4 Stocks Pushing The Real Estate Industry Higher
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 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.The Real Estate industry currently is unchanged today versus the S&P 500, which is up 0.0%. A company within the industry that increased today was Brookfield Asset Management (BAM), up 0.7%. On the negative front, top decliners within the industry include Health Care REIT (HCN), down 1.1%, Host Hotels & Resorts (HST), down 1.0%, HCP (HCP), down 1.0%, Realty Income Corporation (O), down 0.7% and Equity Residential (EQR), down 0.8%.TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:4. RLJ Lodging (RLJ) is one of the companies pushing the Real Estate industry higher today. As of noon trading, RLJ Lodging is up $0.39 (2.2%) to $18.46 on light volume Thus far, 162,866 shares of RLJ Lodging exchanged hands as compared to its average daily volume of 508,700 shares. The stock has ranged in price between $18.06-$18.46 after having opened the day at $18.17 as compared to the previous trading day's close of $18.07. RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels. RLJ Lodging has a market cap of $1.9 billion and is part of the financial sector. The company has a P/E ratio of 71.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate RLJ Lodging a buy, no analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates RLJ Lodging as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full RLJ Lodging Ratings Report now.Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade
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