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 model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Granite Real Estate (GRP), down 3.0%, and Host Hotels & Resorts (HST), down 0.5%. Top gainers within the industry include Alexander's (ALX), up 2.9%, Icahn (IEP), up 1.6%, Public Storage (PSA), up 0.8%, Ventas (VTR), up 0.7% and Simon Property Group (SPG), up 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Alexander & Baldwin (ALEX) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Alexander & Baldwin is down $0.82 (-2.8%) to $29.04 on average volume Thus far, 85,840 shares of Alexander & Baldwin exchanged hands as compared to its average daily volume of 169,900 shares. The stock has ranged in price between $28.63-$29.69 after having opened the day at $29.42 as compared to the previous trading day's close of $29.86.

Alexander & Baldwin, Inc., together with its subsidiaries, operates in transportation, real estate, and agribusiness industries in the United States and internationally. Alexander & Baldwin has a market cap of $1.3 billion and is part of the financial sector. The company has a P/E ratio of 45.5, above the S&P 500 P/E ratio of 17.7. Shares are down 27.3% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Alexander & Baldwin a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Alexander & Baldwin as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Alexander & Baldwin Ratings Report now.

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