3 Stocks Dragging The Real Estate Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 unchanged.
The Real Estate industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include
(
), down 5.7%,
(
), down 2.5%,
(
), down 1.9%,
(
), down 1.2% and
(
), down 1.2%. A company within the industry that increased today was
(
), up 0.5%.
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, Annaly Capital Management is down $0.15 (-1.5%) to $9.70 on average volume. Thus far, 6.0 million shares of Annaly Capital Management exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $9.68-$9.85 after having opened the day at $9.85 as compared to the previous trading day's close of $9.85.
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Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. Annaly Capital Management has a market cap of $9.4 billion and is part of the financial sector. Shares are down 8.9% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Annaly Capital Management a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Annaly Capital Management
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full
Annaly Capital Management Ratings Report
now.
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2. As of noon trading,
(
) is down $0.42 (-0.5%) to $78.72 on light volume. Thus far, 401,550 shares of Equity Residential exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $78.29-$78.98 after having opened the day at $78.97 as compared to the previous trading day's close of $79.14.
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Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. Equity Residential has a market cap of $28.9 billion and is part of the financial sector. Shares are up 10.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Equity Residential a buy, no analysts rate it a sell, and 16 rate it a hold.
TheStreet Ratings rates
Equity Residential
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Equity Residential Ratings Report
now.
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1. As of noon trading,
(
) is down $0.32 (-0.5%) to $64.44 on light volume. Thus far, 778,847 shares of Welltower exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $64.14-$64.95 after having opened the day at $64.63 as compared to the previous trading day's close of $64.77.
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.
Welltower Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Welltower has a market cap of $22.9 billion and is part of the financial sector. Shares are down 14.4% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Welltower a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Welltower
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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
(
).