3 Real Estate Stocks Pushing Industry Growth
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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 105 points (-0.6%) at 17,744 as of Wednesday, March 18, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,422 issues advancing vs. 1,524 declining with 171 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
(
), up 9.8%,
(
), up 0.9% and
(
), up 0.6%. On the negative front, top decliners within the industry include
(
), down 1.9%,
(
), down 1.5%,
(
), down 0.9%,
(
), down 0.8% and
(
), down 0.6%.
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, Extra Space Storage is up $0.42 (0.7%) to $65.53 on light volume. Thus far, 164,833 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 811,200 shares. The stock has ranged in price between $64.70-$65.78 after having opened the day at $65.04 as compared to the previous trading day's close of $65.11.
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Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. Extra Space Storage has a market cap of $7.6 billion and is part of the financial sector. Shares are up 11.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Extra Space Storage a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Extra Space Storage
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Extra Space Storage Ratings Report
now.
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2. As of noon trading,
(
) is up $0.84 (0.6%) to $138.35 on light volume. Thus far, 270,908 shares of Boston Properties exchanged hands as compared to its average daily volume of 824,200 shares. The stock has ranged in price between $137.08-$138.76 after having opened the day at $137.17 as compared to the previous trading day's close of $137.51.
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Boston Properties, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the ownership and development of office properties. Boston Properties has a market cap of $21.0 billion and is part of the financial sector. Shares are up 6.8% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Boston Properties a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Boston Properties
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Boston Properties Ratings Report
now.
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1. As of noon trading,
(
) is up $0.25 (0.8%) to $30.36 on light volume. Thus far, 1.4 million shares of General Growth Properties exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $29.99-$30.48 after having opened the day at $30.18 as compared to the previous trading day's close of $30.11.
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General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties has a market cap of $26.7 billion and is part of the financial sector. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate General Growth Properties a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
General Growth Properties
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
General Growth Properties 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
(
).
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