3 Real Estate Stocks Dragging The Industry Down
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 22 points (-0.1%) at 17,716 as of Thursday, Nov. 19, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,474 declining with 170 unchanged.
The Real Estate industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include
IRSA Inversiones y Representaciones
(
), down 7.5%,
(
), down 3.7%,
(
), down 2.8% and
(
), down 0.7%. Top gainers within the industry include
(
), up 2.0%,
(
), up 1.9%,
(
), up 1.3%,
(
), up 1.0% and
(
), up 0.9%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Real Estate industry lower today. As of noon trading, CoStar Group is down $2.68 (-1.3%) to $205.21 on light volume. Thus far, 23,302 shares of CoStar Group exchanged hands as compared to its average daily volume of 166,100 shares. The stock has ranged in price between $205.21-$209.27 after having opened the day at $209.27 as compared to the previous trading day's close of $207.89.
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CoStar Group, Inc. provides information, analytics, and online marketplaces services to the commercial real estate industry in the United States, Canada, the United Kingdom, and France. CoStar Group has a market cap of $6.6 billion and is part of the financial sector. Shares are up 13.2% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate CoStar Group a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
CoStar Group
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is down $0.27 (-1.4%) to $19.32 on average volume. Thus far, 1.8 million shares of Ally Financial exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $19.13-$19.91 after having opened the day at $19.65 as compared to the previous trading day's close of $19.59.
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Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, including a range of financial services and insurance products to automotive dealers and retail customers. Ally Financial has a market cap of $9.4 billion and is part of the financial sector. Shares are down 17.1% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Ally Financial a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Ally Financial
as a
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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1. As of noon trading,
(
) is down $0.51 (-0.7%) to $71.23 on light volume. Thus far, 283,194 shares of Digital Realty exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $70.84-$71.71 after having opened the day at $71.50 as compared to the previous trading day's close of $71.74.
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Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Digital Realty has a market cap of $10.5 billion and is part of the financial sector. Shares are up 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Digital Realty a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Digital Realty
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
iShares Dow Jones US Real Estate
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).