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3 Stocks Pushing The Real Estate Industry Downward

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 115 points (0.8%) at 14,816 as of Thursday, May 2, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 733 declining with 109 unchanged.

The Real Estate industry currently sits up 0.8% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the industry include Annaly Capital Management ( NLY), down 2.15, Icahn ( IEP), down 1.51, Digital Realty ( DLR), down 1.01, Equity Residential ( EQR), down 0.65 and AvalonBay Communities ( AVB), down 0.58. Top gainers within the industry include Newcastle Investment Corporation ( NCT), up 5.2%, Omega Healthcare Investors ( OHI), up 3.6%, Kimco Realty ( KIM), up 2.1%, National Retail Properties ( NNN), up 1.8% and Starwood Property ( STWD), up 1.7%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Invesco Mortgage Capital ( IVR) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Invesco Mortgage Capital is down $0.36 (-1.7%) to $20.77 on average volume Thus far, 1.3 million shares of Invesco Mortgage Capital exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $20.52-$21.15 after having opened the day at $21.14 as compared to the previous trading day's close of $21.13.

Invesco Mortgage Capital Inc., a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities for which a U.S. Invesco Mortgage Capital has a market cap of $2.9 billion and is part of the financial sector. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are up 7.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Invesco Mortgage Capital as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full Invesco Mortgage Capital Ratings Report now.

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Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
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