3 Stocks Underperforming Today In The Real Estate Industry - TheStreet

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 93 points (0.5%) at 17,674 as of Wednesday, Oct. 28, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,445 issues advancing vs. 542 declining with 141 unchanged.

The Real Estate industry currently sits up 1.0% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the industry include

Equity Residential

(

EQR

), down 1.1%,

Public Storage

(

PSA

), down 0.6% and

Welltower

(

HCN

), down 0.5%. Top gainers within the industry include

Howard Hughes

(

HHC

), up 3.5%,

Weyerhaeuser

(

WY

), up 1.7%,

Host Hotels & Resorts

(

HST

), up 1.7%,

Santander Consumer USA Holdings

(

SC

), up 1.7% and

Ally Financial

(

ALLY

), up 1.5%.

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

3.

Brookfield Asset Management

(

BAM

) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Brookfield Asset Management is down $0.25 (-0.7%) to $35.18 on light volume. Thus far, 423,447 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $35.16-$35.68 after having opened the day at $35.55 as compared to the previous trading day's close of $35.43.

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Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $34.0 billion and is part of the financial sector. Shares are up 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Brookfield Asset Management

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Brookfield Asset Management Ratings Report

now.

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2. As of noon trading,

Essex Property

(

ESS

) is down $2.70 (-1.2%) to $224.60 on average volume. Thus far, 198,924 shares of Essex Property exchanged hands as compared to its average daily volume of 324,400 shares. The stock has ranged in price between $224.29-$229.42 after having opened the day at $227.60 as compared to the previous trading day's close of $227.30.

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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 $15.1 billion and is part of the financial sector. Shares are up 10.0% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that 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, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Essex Property Ratings Report

now.

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1. As of noon trading,

AvalonBay Communities

(

AVB

) is down $1.02 (-0.6%) to $177.89 on light volume. Thus far, 246,094 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 746,200 shares. The stock has ranged in price between $177.75-$180.34 after having opened the day at $179.58 as compared to the previous trading day's close of $178.91.

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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 $24.2 billion and is part of the financial sector. Shares are up 9.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

AvalonBay Communities

as a

buy

. The company's strengths can be seen in multiple areas, such as its 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

AvalonBay Communities 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

).