3 Real Estate Stocks On The Rise
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 130 points (0.7%) at 18,277 as of Monday, July 11, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,173 issues advancing vs. 757 declining with 136 unchanged.
The Real Estate industry currently sits up 0.8% versus the S&P 500, which is up 0.6%. Top gainers within the industry include
(
), up 8.8%,
(
), up 2.3%,
(
), up 2.1%,
(
), up 1.6% and
(
), up 1.3%. A company within the industry that fell today was
(
), up 0.7%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Weyerhaeuser is up $0.42 (1.4%) to $31.09 on light volume. Thus far, 2.0 million shares of Weyerhaeuser exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $30.66-$31.12 after having opened the day at $30.73 as compared to the previous trading day's close of $30.67.
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Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada. Weyerhaeuser has a market cap of $22.5 billion and is part of the industrial goods sector. Shares are up 2.3% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Weyerhaeuser a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Weyerhaeuser
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. 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.
2. As of noon trading,
(
) is up $0.89 (0.8%) to $114.55 on average volume. Thus far, 1.2 million shares of American Tower exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $112.74-$114.59 after having opened the day at $113.66 as compared to the previous trading day's close of $113.66.
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American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. American Tower has a market cap of $47.6 billion and is part of the technology sector. Shares are up 17.2% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate American Tower a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
American Tower
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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1. As of noon trading,
(
) is up $1.60 (0.7%) to $221.16 on light volume. Thus far, 380,858 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $218.37-$221.16 after having opened the day at $218.85 as compared to the previous trading day's close of $219.56.
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Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, management, and development of properties. Simon Property Group has a market cap of $66.7 billion and is part of the financial sector. Shares are up 12.9% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate Simon Property Group a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Simon Property Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations 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
Simon Property Group Ratings Report
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
(
).