5 Real Estate Stocks Moving The Industry Upward
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 71 points (-0.4%) at 16,411 as of Thursday, Jan. 16, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,418 issues advancing vs. 1,488 declining with 174 unchanged.The Real Estate industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Nationstar Mortgage Holdings (NSM), up 2.2%, Digital Realty (DLR), up 1.0%, Ventas (VTR), up 0.9% and Health Care REIT (HCN), up 0.7%. On the negative front, top decliners within the industry include Gazit-Globe (GZT), down 3.5%, Retail Properties of American (RPAI), down 2.0%, Prologis (PLD), down 0.9% and Kimco Realty (KIM), down 0.7%.TheStreet would like to highlight 5 stocks pushing the industry higher today:5. Blackstone Mortgage (BXMT) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Blackstone Mortgage is up $2.47 (9.8%) to $27.57 on light volume. Thus far, 111,507 shares of Blackstone Mortgage exchanged hands as compared to its average daily volume of 367,500 shares. The stock has ranged in price between $27.57-$27.98 after having opened the day at $27.65 as compared to the previous trading day's close of $25.10. Blackstone Mortgage Trust, Inc., a real estate finance company, primarily focuses on originating mortgage loans backed by commercial real estate assets. Blackstone Mortgage has a market cap of $808.1 million and is part of the financial sector. Currently there are 6 analysts who rate Blackstone Mortgage a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates Blackstone Mortgage as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Blackstone Mortgage 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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