3 Stocks Pushing The Real Estate Industry Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.
The Real Estate industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include
(
), down 5.2%,
(
), down 1.2%,
(
), down 1.2%,
(
), down 1.1% and
(
), down 0.9%.
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, Realty Income is down $0.40 (-0.6%) to $69.89 on light volume. Thus far, 305,801 shares of Realty Income exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $69.80-$70.39 after having opened the day at $70.31 as compared to the previous trading day's close of $70.29.
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Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. Realty Income has a market cap of $17.6 billion and is part of the financial sector. Shares are up 36.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Realty Income a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Realty Income
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is down $1.32 (-0.7%) to $182.92 on light volume. Thus far, 123,849 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 810,100 shares. The stock has ranged in price between $182.73-$184.60 after having opened the day at $184.30 as compared to the previous trading day's close of $184.24.
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AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $25.1 billion and is part of the financial sector. Shares are up 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
AvalonBay Communities
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
AvalonBay Communities Ratings Report
now.
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1. As of noon trading,
(
) is down $0.59 (-1.1%) to $51.12 on light volume. Thus far, 1.0 million shares of Prologis exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $51.06-$51.97 after having opened the day at $51.93 as compared to the previous trading day's close of $51.71.
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Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. Prologis has a market cap of $27.1 billion and is part of the financial sector. Shares are up 20.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Prologis a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Prologis
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. 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
(
).