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.

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