3 Stocks Dragging In The Real Estate Industry
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Real Estate industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include
Santander Consumer USA Holdings
(
), down 1.9%,
(
), down 0.7% and
(
), down 0.7%.
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, Corrections Corp of America is down $0.67 (-2.5%) to $26.59 on light volume. Thus far, 274,462 shares of Corrections Corp of America exchanged hands as compared to its average daily volume of 898,100 shares. The stock has ranged in price between $26.57-$27.31 after having opened the day at $27.27 as compared to the previous trading day's close of $27.26.
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Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corp of America has a market cap of $3.2 billion and is part of the financial sector. Shares are down 25.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Corrections Corp of America a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Corrections Corp of America
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
Corrections Corp of America Ratings Report
now.
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2. As of noon trading,
(
) is down $0.17 (-0.6%) to $26.67 on light volume. Thus far, 760,804 shares of General Growth Properties exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $26.64-$26.97 after having opened the day at $26.88 as compared to the previous trading day's close of $26.84.
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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, Inc is based in Chicago, Illinois. General Growth Properties has a market cap of $23.5 billion and is part of the financial sector. Shares are down 4.6% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
General Growth Properties Ratings Report
now.
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1. As of noon trading,
(
) is down $0.33 (-0.7%) to $49.82 on light volume. Thus far, 520,914 shares of Ventas exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $49.79-$50.40 after having opened the day at $50.27 as compared to the previous trading day's close of $50.15.
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Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. Ventas has a market cap of $16.6 billion and is part of the financial sector. Shares are down 30.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Ventas a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Ventas
as a
. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. 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
(
).