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 model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.

The Real Estate industry currently sits down 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Icahn (IEP), up 3.3%, and American Tower (AMT), up 0.4%. On the negative front, top decliners within the industry include Prologis (PLD), down 1.2%, Vornado Realty (VNO), down 0.9%, Camden Property (CPT), down 0.8%, CBRE Group (CBG), down 0.7% and Host Hotels & Resorts (HST), down 0.4%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Homex Development (HXM) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Homex Development is up $0.98 (8.3%) to $12.76 on average volume Thus far, 252,041 shares of Homex Development exchanged hands as compared to its average daily volume of 568,100 shares. The stock has ranged in price between $11.85-$12.87 after having opened the day at $11.85 as compared to the previous trading day's close of $11.78.

Desarrolladora Homex, S.A.B. de C.V., a vertically integrated home development company, engages in the development, construction, and sale of affordable entry-level, middle-income, and tourism housing in Mexico, as well as affordable entry-level housing in Brazil. Homex Development has a market cap of $677.0 million and is part of the financial sector. The company has a P/E ratio of 5.5, below the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Homex Development a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Homex Development as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full Homex Development Ratings Report now.

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