5 Stocks Raising The Real Estate Industry Higher
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 up today with the Dow Jones Industrial Average (^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.The Real Estate industry currently sits up 0.4% versus the S&P 500, which is up 0.7%. Top gainers within the industry include Duke Realty (DRE), up 2.5%, Kilroy Realty Corporation (KRC), up 2.4%, Howard Hughes (HHC), up 2.3%, Icahn (IEP), up 2.1% and Digital Realty (DLR), up 2.0%.TheStreet would like to highlight 5 stocks pushing the industry higher today:5. Public Storage (PSA) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Public Storage is up $1.13 (0.7%) to $156.99 on average volume. Thus far, 285,229 shares of Public Storage exchanged hands as compared to its average daily volume of 706,000 shares. The stock has ranged in price between $155.61-$157.79 after having opened the day at $156.63 as compared to the previous trading day's close of $155.86. Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. Public Storage has a market cap of $27.1 billion and is part of the financial sector. The company has a P/E ratio of 33.0, above the S&P 500 P/E ratio of 17.7. Shares are up 4.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Public Storage a buy, 1 analyst rates it a sell, and 11 rate it a hold.TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Public Storage 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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