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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 57 points (-0.4%) at 13,961 as of Wednesday, Feb. 13, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,624 issues advancing vs. 1,238 declining with 155 unchanged.

The Real Estate industry currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include Brookfield Residential Properties (BRP), up 6.8%, Icahn (IEP), up 2.2%, CBRE Group (CBG), up 1.0%, Brookfield Office Properties (BPO), up 0.8% and Weyerhaeuser (WY), up 0.6%.

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

5. Tanger Factory Outlet Centers (SKT) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Tanger Factory Outlet Centers is down $0.62 (-1.7%) to $35.85 on heavy volume Thus far, 931,060 shares of Tanger Factory Outlet Centers exchanged hands as compared to its average daily volume of 620,900 shares. The stock has ranged in price between $35.41-$36.39 after having opened the day at $36.29 as compared to the previous trading day's close of $36.47.

Tanger Factory Outlet Centers, Inc. operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers. Tanger Factory Outlet Centers has a market cap of $3.4 billion and is part of the financial sector. The company has a P/E ratio of 69.3, above the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Tanger Factory Outlet Centers a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tanger Factory Outlet Centers as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Tanger Factory Outlet Centers Ratings Report now.

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