3 Stocks Boosting The Real Estate Industry Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.
The Real Estate industry currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include
(
), up 16.1%, and
(
), up 0.6%. On the negative front, top decliners within the industry include
(
), down 1.5%,
(
), down 1.2%,
(
), down 1.1%,
(
), down 1.1% and
(
), down 0.7%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Alexander & Baldwin is up $0.55 (1.4%) to $41.06 on light volume. Thus far, 48,775 shares of Alexander & Baldwin exchanged hands as compared to its average daily volume of 186,400 shares. The stock has ranged in price between $40.48-$41.19 after having opened the day at $40.48 as compared to the previous trading day's close of $40.51.
Alexander & Baldwin, Inc., together with its subsidiaries, primarily provides real estate development and leasing services. The company operates through four segments: Real Estate Development and Sales, Real Estate Leasing, Natural Materials and Construction, and Agribusiness. Alexander & Baldwin has a market cap of $2.0 billion and is part of the financial sector. Shares are down 2.9% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Alexander & Baldwin a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Alexander & Baldwin
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full
Alexander & Baldwin Ratings Report
now.
2. As of noon trading,
(
) is up $0.33 (2.8%) to $12.00 on heavy volume. Thus far, 1.5 million shares of E-House China Holdings exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $11.23-$12.00 after having opened the day at $11.66 as compared to the previous trading day's close of $11.67.
E-House (China) Holdings Limited, through its subsidiaries, operates as a real estate services company primarily in the People's Republic of China. E-House China Holdings has a market cap of $1.6 billion and is part of the financial sector. Shares are down 22.6% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate E-House China Holdings a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
E-House China Holdings
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
E-House China Holdings Ratings Report
now.
1. As of noon trading,
(
) is up $0.13 (0.6%) to $23.58 on light volume. Thus far, 616,002 shares of Starwood Property exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $23.45-$23.59 after having opened the day at $23.57 as compared to the previous trading day's close of $23.45.
Starwood Property Trust, Inc. originates, acquires, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States and Europe. Starwood Property has a market cap of $5.3 billion and is part of the financial sector. Shares are down 15.3% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Starwood Property a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Starwood Property
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Starwood Property Ratings Report
now.
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
(
).
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