3 Stocks Moving The Real Estate Industry Upward

TheStreet highlights 3 stocks pushing the real estate industry higher today.
By TheStreet Wire ,

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 22 points (-0.1%) at 17,716 as of Thursday, Nov. 19, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,474 declining with 170 unchanged.

The Real Estate industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include

HCP

(

HCP

), up 2.0%,

Welltower

(

HCN

), up 1.9%,

Ventas

(

VTR

), up 1.3%,

Simon Property Group

(

SPG

), up 1.0% and

Public Storage

(

PSA

), up 0.9%. On the negative front, top decliners within the industry include

IRSA Inversiones y Representaciones

(

IRS

), down 7.5%,

CIM Commercial

(

CMCT

), down 3.7%,

Equinix

(

EQIX

), down 2.8% and

Icahn

(

IEP

), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3.

SL Green Realty

(

SLG

) is one of the companies pushing the Real Estate industry higher today. As of noon trading, SL Green Realty is up $1.01 (0.9%) to $118.98 on light volume. Thus far, 81,510 shares of SL Green Realty exchanged hands as compared to its average daily volume of 618,200 shares. The stock has ranged in price between $117.54-$119.11 after having opened the day at $117.54 as compared to the previous trading day's close of $117.97.

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SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. SL Green Realty has a market cap of $11.6 billion and is part of the financial sector. Shares are down 0.9% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate SL Green Realty a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

SL Green Realty

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

SL Green Realty Ratings Report

now.

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2. As of noon trading,

Macerich

(

MAC

) is up $0.96 (1.2%) to $80.13 on light volume. Thus far, 301,255 shares of Macerich exchanged hands as compared to its average daily volume of 976,500 shares. The stock has ranged in price between $78.88-$80.28 after having opened the day at $79.28 as compared to the previous trading day's close of $79.17.

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The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. Macerich has a market cap of $12.1 billion and is part of the financial sector. Shares are down 5.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Macerich a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates

Macerich

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Macerich Ratings Report

now.

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1. As of noon trading,

Essex Property

(

ESS

) is up $1.74 (0.8%) to $225.36 on light volume. Thus far, 48,563 shares of Essex Property exchanged hands as compared to its average daily volume of 361,200 shares. The stock has ranged in price between $223.08-$225.99 after having opened the day at $225.00 as compared to the previous trading day's close of $223.62.

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Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $14.7 billion and is part of the financial sector. Shares are up 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Essex Property a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Essex Property

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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

Essex Property Ratings Report

now.

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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

(

IYR

) while those bearish on the real estate industry could consider

ProShares Short Real Estate Fund

(

REK

).

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