Real Estate Stocks On The Rise With Help From 3 Stocks
Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.The Real Estate industry currently sits down 0.3% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Brookfield Residential Properties (BRP), up 1.9%. On the negative front, top decliners within the industry include American Capital Agency (AGNC), down 3.5%, Health Care REIT (HCN), down 2.3%, Annaly Capital Management (NLY), down 2.2%, Prologis (PLD), down 1.5% and Boston Properties (BXP), down 1.3%.TheStreet would like to highlight 3 stocks pushing the industry higher today:3. Walter Investment Management (WAC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Walter Investment Management is up $1.26 (3.6%) to $36.35 on average volume. Thus far, 495,910 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 790,600 shares. The stock has ranged in price between $34.66-$36.58 after having opened the day at $34.99 as compared to the previous trading day's close of $35.09. Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. Walter Investment Management has a market cap of $1.2 billion and is part of the financial sector. Shares are down 21.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Walter Investment Management a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates Walter Investment Management as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. Get the full Walter Investment Management Ratings Report now.3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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