4 Stocks Pushing The Real Estate Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 266 points (-2.0%) at 12,979 as of Wednesday, Nov. 7, 2012, 2:19 PM ET. The NYSE advances/declines ratio sits at 512 issues advancing vs. 2,488 declining with 87 unchanged.

The Real Estate industry currently sits down 1.4% versus the S&P 500, which is down 1.9%. On the negative front, top decliners within the industry include Icahn ( IEP), down 2.0%, American Capital Agency ( AGNC), down 2.8%, American Express ( AXP), down 2.5% and Annaly Capital Management ( NLY), down 1.8%. A company within the industry that increased today was HCP ( HCP), up 1.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. 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 $0.30 (-0.9%) to $34.56 on average volume Thus far, 370,122 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 791,700 shares. The stock has ranged in price between $34.32-$34.74 after having opened the day at $34.71 as compared to the previous trading day's close of $34.86.

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 $21.8 billion and is part of the financial sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 26.9% year to date as of the close of trading on Tuesday. Currently there are 7 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 these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Brookfield Asset Management Ratings Report now.

3. As of noon trading, CIT Group ( CIT) is down $0.87 (-2.2%) to $37.82 on heavy volume Thus far, 1.9 million shares of CIT Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.22-$38.22 after having opened the day at $38.07 as compared to the previous trading day's close of $38.69.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group has a market cap of $7.6 billion and is part of the financial sector. The company has a P/E ratio of -9.7, below the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate CIT Group a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates CIT Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity. Get the full CIT Group Ratings Report now.

2. As of noon trading, Equity Residential ( EQR) is down $0.47 (-0.8%) to $58.12 on average volume Thus far, 1.0 million shares of Equity Residential exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $57.94-$58.60 after having opened the day at $58.46 as compared to the previous trading day's close of $58.59.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. Equity Residential has a market cap of $17.7 billion and is part of the financial sector. The company has a P/E ratio of 87.4, above the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Equity Residential a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Equity Residential as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Equity Residential Ratings Report now.

1. As of noon trading, Host Hotels & Resorts ( HST) is down $0.26 (-1.8%) to $14.42 on average volume Thus far, 4.7 million shares of Host Hotels & Resorts exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $14.27-$14.74 after having opened the day at $14.70 as compared to the previous trading day's close of $14.68.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. Host Hotels & Resorts has a market cap of $10.5 billion and is part of the financial sector. The company has a P/E ratio of 481.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Host Hotels & Resorts a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Host Hotels & Resorts as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. Get the full Host Hotels & Resorts Ratings Report now.

If you are interested in one of these 4 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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