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 50 points (0.4%) at 14,380 as of Friday, March 8, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,063 declining with 140 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. A company within the industry that increased today was Brookfield Office Properties (BPO), up 0.5%. On the negative front, top decliners within the industry include Realty Income Corporation (O), down 1.2%, Federal Realty Investment (FRT), down 0.7%, General Growth Properties (GGP), down 0.5% and Public Storage (PSA), down 0.5%.

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

5. W. P. Carey (WPC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, W. P. Carey is up $1.08 (1.8%) to $62.25 on average volume Thus far, 119,787 shares of W. P. Carey exchanged hands as compared to its average daily volume of 233,900 shares. The stock has ranged in price between $61.93-$62.73 after having opened the day at $62.03 as compared to the previous trading day's close of $61.17.

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. W. P. Carey has a market cap of $4.2 billion and is part of the financial sector. The company has a P/E ratio of 47.7, above the S&P 500 P/E ratio of 17.7. Shares are up 17.4% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates W. P. Carey a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates W. P. Carey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full W. P. Carey Ratings Report now.

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