5 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 model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Real Estate industry currently sits up 0.9% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Jones Lang LaSalle (JLL), up 2.0%, American Capital Agency (AGNC), up 1.7%, Plum Creek Timber (PCL), up 1.2%, Simon Property Group (SPG), up 0.8% and Weyerhaeuser (WY), up 1.0%.

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

5. Brookfield Asset Management (BAM) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Brookfield Asset Management is up $0.23 (0.6%) to $35.82 on light volume Thus far, 174,952 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 783,300 shares. The stock has ranged in price between $35.65-$35.82 after having opened the day at $35.69 as compared to the previous trading day's close of $35.59.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $21.9 billion and is part of the financial sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 28.8% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Brookfield Asset Management Ratings Report now.

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