3 Stocks Dragging The Real Estate Industry Downward
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.
The Real Estate industry currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include
(
), down 2.0%,
(
), down 1.7%,
(
), down 1.4% and
(
), down 1.2%.
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, Ally Financial is down $0.11 (-0.6%) to $17.36 on light volume. Thus far, 843,401 shares of Ally Financial exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $17.31-$17.56 after having opened the day at $17.56 as compared to the previous trading day's close of $17.47.
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Ally Financial Inc., a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States. Ally Financial has a market cap of $8.4 billion and is part of the financial sector. Shares are down 6.3% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Ally Financial a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Ally Financial
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is down $0.64 (-0.7%) to $91.73 on light volume. Thus far, 265,718 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 990,000 shares. The stock has ranged in price between $91.32-$92.41 after having opened the day at $92.11 as compared to the previous trading day's close of $92.37.
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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 $11.6 billion and is part of the financial sector. Shares are up 4.7% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Extra Space Storage a buy, 1 analyst rates 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 robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Extra Space Storage Ratings Report
now.
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1. As of noon trading,
(
) is down $0.22 (-0.7%) to $32.02 on light volume. Thus far, 946,970 shares of Weyerhaeuser exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $31.99-$32.22 after having opened the day at $32.04 as compared to the previous trading day's close of $32.24.
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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 $23.9 billion and is part of the industrial goods sector. Shares are up 7.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that 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, reasonable valuation levels and increase in stock price during the past year. 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
(
).